Foot Locker - FL Stock Forecast, Price & News

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last year. There are currently 19 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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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20 Wall Street analysts have issued 1 year price targets for Foot Locker's shares. Their FL share price forecasts range from $29.00 to $43.00. On average, they anticipate the company's share price to reach $38.00 in the next twelve months. This suggests a possible upside of 0.2% 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 shares have decreased by 13.1% and is now trading at $37.93.
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Foot Locker saw a increase in short interest in November. As of November 15th, there was short interest totaling 9,380,000 shares, an increase of 5.9% from the October 31st total of 8,860,000 shares. Based on an average daily trading volume, of 2,700,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 11.7% of the shares of the stock are sold short.
View Foot Locker's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our FL earnings forecast.

Foot Locker, Inc. (NYSE:FL) released its earnings results on Friday, November, 18th. The athletic footwear retailer reported $1.27 EPS for the quarter, beating the consensus estimate of $1.09 by $0.18. The athletic footwear retailer earned $2.17 billion during the quarter, compared to analyst estimates of $2.12 billion. Foot Locker had a net margin of 4.87% and a trailing twelve-month return on equity of 16.98%.

Foot Locker declared a quarterly dividend on Monday, November 14th. Stockholders of record on Friday, January 13th will be given a dividend of $0.40 per share on Friday, January 27th. This represents a $1.60 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Thursday, January 12th.
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 4.10%. FL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 36.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FL will have a dividend payout ratio of 36.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FL.

Foot Locker issued an update on its FY23 earnings guidance on Friday, November, 18th. The company provided earnings per share guidance of $4.42-4.50 for the period, compared to the consensus EPS estimate of $4.26. The company issued revenue guidance of down 4-5% to $8.51-8.60 billion, compared to the consensus revenue estimate of $8.31 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 investors include Vesa Equity Investment S.a r.l. (13.24%), BlackRock Inc. (10.15%), Vanguard Group Inc. (9.99%), Dimensional Fund Advisors LP (5.39%), LSV Asset Management (4.82%) and State Street Corp (3.08%). 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, Todd Greener, 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 $37.93.

Foot Locker (NYSE:FL) has a market capitalization of $3.54 billion and generates $8.96 billion in revenue each year. The athletic footwear retailer earns $893 million in net income (profit) each year or $4.39 on an earnings per share basis.

The company employs 49,933 workers across the globe.

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.