Foot Locker Stock Forecast, Price & News

Foot Locker's stock was trading at $25.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FL stock has increased by 31.9% and is now trading at $33.03.
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18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last year. There are currently 1 sell rating, 7 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Foot Locker.

Foot Locker is scheduled to release its next quarterly earnings announcement on Friday, November 27th 2020.
View our earnings forecast for Foot Locker.

Foot Locker, Inc. (NYSE:FL) announced its earnings results on Friday, August, 21st. The athletic footwear retailer reported $0.71 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.69 by $0.02. The athletic footwear retailer earned $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. Foot Locker had a net margin of 2.88% and a return on equity of 12.40%. The firm's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share.
View Foot Locker's earnings history.

Foot Locker declared a quarterly dividend on Monday, August 24th. Stockholders of record on Friday, October 16th will be given a dividend of $0.15 per share on Friday, October 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, October 15th.
View Foot Locker's dividend history.

Foot Locker declared that its Board of Directors has approved a stock buyback program on Wednesday, February 20th 2019, which allows the company to repurchase $1,200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 17.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Foot Locker updated its second quarter earnings guidance on Monday, August, 10th. The company provided earnings per share (EPS) guidance of $0.66-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.52).

18 equities research analysts have issued 1 year target prices for Foot Locker's shares. Their forecasts range from $20.00 to $48.00. On average, they expect Foot Locker's stock price to reach $32.56 in the next year. This suggests that the stock has a possible downside of 1.4%.
View analysts' price targets for Foot Locker.

Foot Locker saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 9,410,000 shares, a decline of 19.2% from the August 31st total of 11,650,000 shares. Based on an average daily volume of 3,030,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 9.7% of the shares of the stock are short sold.
View Foot Locker's Short Interest.

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), Abercrombie & Fitch (ANF), Guess? (GES), Zumiez (ZUMZ), Shoe Carnival (SCVL), Childrens Place (PLCE), Designer Brands (DBI), Caleres (CAL), Genesco (GCO) and Citi Trends (CTRN).
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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), Cisco Systems (CSCO), Gilead Sciences (GILD), CVS Health (CVS), QUALCOMM (QCOM), Alibaba Group (BABA) and Netflix (NFLX).

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of FL stock can currently be purchased for approximately $33.03.

Foot Locker has a market capitalization of $3.45 billion and generates $8.01 billion in revenue each year. The athletic footwear retailer earns $491 million in net income (profit) each year or $4.93 on an earnings per share basis. Foot Locker employs 50,999 workers across the globe.

The official website for Foot Locker is www.footlocker-inc.com.

Foot Locker's mailing address is 330 WEST 34TH STREET, NEW YORK NY, 10001. The athletic footwear retailer can be reached via phone at 212-720-3700 or via email at [email protected]