Foot Locker Stock Forecast, Price & News

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last year. There are currently 5 sell ratings, 12 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Foot Locker stock. 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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21 brokers have issued 1-year price targets for Foot Locker's stock. Their FL stock forecasts range from $24.00 to $85.00. On average, they expect Foot Locker's stock price to reach $42.19 in the next twelve months. This suggests a possible upside of 72.0% from the stock's current price.
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Foot Locker's stock was trading at $43.63 on January 1st, 2022. Since then, FL shares have decreased by 43.8% and is now trading at $24.53.
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Foot Locker saw a increase in short interest in June. As of June 15th, there was short interest totaling 8,410,000 shares, an increase of 20.1% from the May 31st total of 7,000,000 shares. Based on an average daily volume of 2,780,000 shares, the days-to-cover ratio is currently 3.0 days.
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Foot Locker is scheduled to release its next quarterly earnings announcement on Friday, August 19th 2022.
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Foot Locker, Inc. (NYSE:FL) released its quarterly earnings results on Friday, May, 20th. The athletic footwear retailer reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.05. The athletic footwear retailer had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. Foot Locker had a trailing twelve-month return on equity of 23.04% and a net margin of 9.18%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company earned $1.96 EPS.
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Foot Locker announced a quarterly dividend on Tuesday, May 17th. Stockholders of record on Friday, July 15th will be paid a dividend of $0.40 per share on Friday, July 29th. This represents a $1.60 annualized dividend and a yield of 6.52%. The ex-dividend date is Thursday, July 14th.
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Foot Locker(NYSE:FL) pays an annual dividend of $1.60 per share and currently has a dividend yield of 6.37%. FL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Foot Locker 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 of Foot Locker is 20.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Foot Locker will have a dividend payout ratio of 36.70% next year. This indicates that Foot Locker will be able to sustain or increase its dividend.
View Foot Locker's dividend history.

Foot Locker updated its FY 2022 earnings guidance on Friday, June, 17th. The company provided earnings per share (EPS) 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 CEO Richard A. Johnson on Glassdoor.com. Richard A. Johnson has an approval rating of 78% among Foot Locker's employees.

Some companies that are related to Foot Locker include TJX Companies (TJX), Ross Stores (ROST), GAP (GPS), American Eagle Outfitters (AEO), Urban Outfitters (URBN), Buckle (BKE), Guess' (GES), Caleres (CAL), Designer Brands (DBI), Abercrombie & Fitch (ANF), Genesco (GCO), Chico's FAS (CHS), Shoe Carnival (SCVL), Children's Place (PLCE) and Zumiez (ZUMZ).
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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."

Shares of FL 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 $24.53.

Foot Locker (NYSE:FL) has a market capitalization of $2.32 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.

Foot Locker 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 Foot Locker 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.