Foot Locker - FL Stock Forecast, Price & News

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last twelve months. There are currently 5 sell ratings, 13 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FL, but not buy additional shares or sell existing shares.
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22 Wall Street analysts have issued 1 year price objectives for Foot Locker's stock. Their FL share price forecasts range from $24.00 to $85.00. On average, they expect the company's share price to reach $41.35 in the next twelve months. This suggests a possible upside of 31.6% from the stock's current price.
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Foot Locker's stock was trading at $43.63 at the beginning of the year. Since then, FL stock has decreased by 28.0% and is now trading at $31.43.
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Foot Locker saw a drop in short interest in July. As of July 31st, there was short interest totaling 11,040,000 shares, a drop of 10.8% from the July 15th total of 12,370,000 shares. Based on an average daily trading volume, of 2,740,000 shares, the days-to-cover ratio is presently 4.0 days. Currently, 13.8% of the shares of the stock are short sold.
View Foot Locker's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 19th 2022.
View our FL earnings forecast.

Foot Locker will be holding an earnings conference call on Friday, August 19th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "5833077".

Foot Locker, Inc. (NYSE:FL) released its earnings results on Friday, May, 20th. The athletic footwear retailer reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.13. The athletic footwear retailer had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.21 billion. Foot Locker had a net margin of 9.18% and a trailing twelve-month return on equity of 23.04%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 EPS.

Foot Locker declared a quarterly dividend on Tuesday, May 17th. Shareholders of record on Friday, July 15th will be given a dividend of $0.40 per share on Friday, July 29th. This represents a $1.60 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Thursday, July 14th.
Read our dividend analysis for FL.

Foot Locker (NYSE:FL) pays an annual dividend of $1.60 per share and currently has a dividend yield of 5.08%. FL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FL will have a dividend payout ratio of 36.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FL.

Foot Locker updated its FY 2022 earnings guidance on Friday, June, 17th. The company provided earnings per share guidance of $4.60-$4.60 for the period, compared to the consensus estimate of $4.41. The company issued revenue guidance of $8.60 billion-$8.60 billion, compared to the consensus revenue estimate of $8.44 billion.

548 employees have rated Foot Locker Chief Executive Officer Richard A. Johnson on Glassdoor.com. Richard A. Johnson has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Foot Locker investors own include Intel (INTC), Walt Disney (DIS), Home Depot (HD), Micron Technology (MU), CVS Health (CVS), Cisco Systems (CSCO), QUALCOMM (QCOM), Bank of America (BAC), Gilead Sciences (GILD) and Alibaba Group (BABA).

Foot Locker trades on the New York Stock Exchange (NYSE) under the ticker symbol "FL."

Foot Locker's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (10.19%), State Street Corp (3.06%), Northern Trust Corp (1.17%), AQR Capital Management LLC (1.10%), Towle & Co (0.90%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Eugene Nonko, Giovanna Cipriano, John A Maurer, John A Maurer, Lauren B Peters, Matthew M Mckenna, Richard A Johnson, Vesa Equity Investment SA RL and William Scott Martin.
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Shares of FL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FL stock can currently be purchased for approximately $31.43.

Foot Locker (NYSE:FL) has a market capitalization of $2.97 billion and generates $8.96 billion in revenue each year. The athletic footwear retailer earns $893 million in net income (profit) each year or $8.00 on an earnings per share basis.

The company employs 49,933 workers across the globe.

Foot Locker was founded in 1974.

Foot Locker's mailing address is 330 WEST 34TH STREET, NEW YORK NY, 10001. The official website for the company is www.footlocker-inc.com. The athletic footwear retailer can be reached via phone at (212) 720-3700, via email at ir@footlocker.com, or via fax at 212-553-7026.