Foot Locker (FL) Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last twelve months. There are currently 2 sell ratings, 13 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12 month price targets for Foot Locker's stock. Their FL share price forecasts range from $28.00 to $62.00. On average, they predict the company's stock price to reach $38.80 in the next year. This suggests a possible upside of 49.1% from the stock's current price.
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Foot Locker's stock was trading at $37.79 at the start of the year. Since then, FL shares have decreased by 31.1% and is now trading at $26.03.
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Foot Locker saw a increase in short interest in May. As of May 15th, there was short interest totaling 10,610,000 shares, an increase of 10.6% from the April 30th total of 9,590,000 shares. Based on an average daily volume of 3,590,000 shares, the short-interest ratio is presently 3.0 days. Approximately 13.1% of the shares of the company are sold short.
View Foot Locker's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 18th 2023.
View our FL earnings forecast.

Foot Locker, Inc. (NYSE:FL) announced its quarterly earnings results on Friday, May, 19th. The athletic footwear retailer reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by $0.08. The athletic footwear retailer earned $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. Foot Locker had a trailing twelve-month return on equity of 11.77% and a net margin of 2.88%. The business's revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 earnings per share.

Foot Locker declared a quarterly dividend on Wednesday, May 17th. Stockholders of record on Friday, July 14th will be paid a dividend of $0.40 per share on Friday, July 28th. This represents a $1.60 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date is Thursday, July 13th.
Read our dividend analysis for FL.

ETFs with the largest weight of Foot Locker (NYSE:FL) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Long Cramer Tracker ETF (LJIM), Invesco S&P MidCap 400 Pure Value ETF (RFV), WBI Power Factor High Dividend ETF (WBIY), Invesco S&P Ultra Dividend Revenue ETF (RDIV), Global X Health & Wellness ETF (BFIT), Cambria Value and Momentum ETF (VAMO) and SPDR S&P Retail ETF (XRT).

Foot Locker (NYSE:FL) pays an annual dividend of $1.60 per share and currently has a dividend yield of 6.09%. 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 62.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FL will have a dividend payout ratio of 52.29% 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 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of $2.00-$2.25 for the period, compared to the consensus earnings per share estimate of $3.46. The company issued revenue guidance of $8.05 billion-$8.18 billion, compared to the consensus revenue estimate of $8.36 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 many different retail and institutional investors. Top institutional investors include FMR LLC (10.80%), BlackRock Inc. (10.05%), Dimensional Fund Advisors LP (6.28%), LSV Asset Management (4.57%), Macquarie Group Ltd. (3.94%) and State Street Corp (3.21%). 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.
View institutional ownership trends.

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 $26.03.

Foot Locker (NYSE:FL) has a market capitalization of $2.43 billion and generates $8.76 billion in revenue each year. The athletic footwear retailer earns $342 million in net income (profit) each year or $2.58 on an earnings per share basis.

The company employs 46,880 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.