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Foot Locker - FL Stock Forecast, Price & News

$38.60
+6.62 (+20.70%)
(As of 08/19/2022 09:53 AM ET)
Add
Compare
Today's Range
$37.65
$40.15
50-Day Range
$24.20
$32.45
52-Week Range
$23.85
$61.50
Volume
386,196 shs
Average Volume
1.78 million shs
Market Capitalization
$3.65 billion
P/E Ratio
4.83
Dividend Yield
4.93%
Price Target
$41.35

Foot Locker MarketRank™ Forecast

Analyst Rating
Hold
1.95 Rating Score
Upside/​Downside
22.9% Upside
$39.31 Price Target
Short Interest
Healthy
13.80% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.22
Upright™ Environmental Score
News Sentiment
-0.20mentions of Foot Locker in the last 14 days
Based on 39 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-4.70%
From $4.47 to $4.26 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Retail/Wholesale Sector

116th out of 218 stocks

Shoe Stores Industry

3rd out of 5 stocks

FL stock logo

About Foot Locker (NYSE:FL) Stock

Foot Locker, Inc., through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names. As of January 29, 2022, it operated 2,858 retail stores in 28 countries across the United States, Canada, Europe, Australia, New Zealand, and Asia; and 142 franchised Foot Locker stores located in the Middle East and Asia. The company also offers its products through various e-commerce sites and mobile apps. Foot Locker, Inc. was founded in 1879 and is headquartered in New York, New York.

Analysts Set New Price Targets

A number of research firms have commented on FL. B. Riley reduced their price target on shares of Foot Locker from $34.00 to $33.00 in a research report on Monday, May 23rd. Robert W. Baird boosted their price target on shares of Foot Locker from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, May 23rd. Bank of America raised shares of Foot Locker from an "underperform" rating to a "neutral" rating and set a $43.00 target price for the company in a research note on Friday. UBS Group lowered their price objective on shares of Foot Locker from $35.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Foot Locker from $30.00 to $32.00 in a report on Monday, May 23rd. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $39.31.

Foot Locker Price Performance

Shares of NYSE:FL opened at $31.98 on Friday. Foot Locker has a 1-year low of $23.85 and a 1-year high of $61.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.44 and a quick ratio of 0.53. The business has a fifty day moving average price of $27.92 and a 200-day moving average price of $31.16. The company has a market capitalization of $3.02 billion, a PE ratio of 4.00, a PEG ratio of 0.23 and a beta of 1.36.

Foot Locker (NYSE:FL - Get Rating) last announced its earnings results on Friday, May 20th. The athletic footwear retailer reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.13. The business had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.21 billion. Foot Locker had a return on equity of 23.04% and a net margin of 9.18%. The business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.96 earnings per share. As a group, equities analysts expect that Foot Locker will post 4.47 EPS for the current fiscal year.

Foot Locker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.00%. Foot Locker's payout ratio is currently 20.00%.

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FL Stock News Headlines

Home Depot Results Point To Sluggish 2nd Half (FL)
Home Depot had a good quarter but much of this year's strength was seen in the 2nd quarter and the outlook is tepid but the dividend is still safe and growing
Walmart Leads Retail Higher But Will The Group Follow?  (FL)
The price action in Walmart popped in premarket trading but there is a risk the market is at its top and won't follow through on the move.
Foot Locker (FL) Set to Announce Quarterly Earnings on Friday
Foot Locker Q2 Preview: Another EPS Beat Inbound?
Foot Locker: I'm Stocking Up At These Prices
See More Headlines
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FL Company Calendar

Last Earnings
11/19/2021
Ex-Dividend for 7/29 Dividend
7/14/2022
Dividend Payable
7/29/2022
Today
8/19/2022
Next Earnings (Confirmed)
8/19/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Shoe stores
Sub-Industry
Apparel Retail
CUSIP
34484910
Employees
49,933
Year Founded
1974

Price Target and Rating

Average Stock Price Forecast
$39.31
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+7.1%
Consensus Rating
Hold
Rating Score (0-4)
1.95
Research Coverage
21 Analysts

Profitability

Net Income
$893 million
Pretax Margin
12.76%

Debt

Sales & Book Value

Annual Sales
$8.96 billion
Cash Flow
$11.91 per share
Book Value
$32.31 per share

Miscellaneous

Free Float
91,675,000
Market Cap
$3.65 billion
Optionable
Optionable
Beta
1.36

Social Links


Key Executives

  • Mr. Richard A. Johnson (Age 64)
    Pres, Chairman & CEO
    Comp: $5.37M
  • Mr. Andrew E. Page (Age 52)
    Exec. VP & CFO
    Comp: $1.69M
  • Mr. Franklin R. Bracken (Age 49)
    Exec. VP & COO
    Comp: $1.82M
  • Mr. William Scott Martin (Age 54)
    Exec. VP and Chief Strategy & Corp. Devel. Officer
    Comp: $1.55M
  • Mr. Andrew I. Gray (Age 44)
    Exec. VP of Global Lockers & Champs Sports
    Comp: $1.5M
  • Ms. Giovanna CiprianoMs. Giovanna Cipriano (Age 52)
    Sr. VP & Chief Accounting Officer
  • Mr. Himanshu Parikh
    Sr. VP & Chief Information Officer
  • Mr. Robert Higginbotham C.F.A.
    VP of Investor Relations
  • Ms. Sheilagh M. Clarke (Age 62)
    Exec. VP, Gen. Counsel & Sec.
  • Mary Signorino
    Sr. Director of PR & Communications













FL Stock - Frequently Asked Questions

Should I buy or sell Foot Locker stock right now?

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, 13 hold ratings and 3 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.
View FL analyst ratings
or view top-rated stocks.

What is Foot Locker's stock price forecast for 2022?

21 brokerages have issued 12-month price targets for Foot Locker's shares. Their FL share price forecasts range from $24.00 to $80.00. On average, they anticipate the company's share price to reach $38.63 in the next year. This suggests a possible upside of 20.8% from the stock's current price.
View analysts price targets for FL
or view top-rated stocks among Wall Street analysts.

How have FL shares performed in 2022?

Foot Locker's stock was trading at $43.63 at the start of the year. Since then, FL stock has decreased by 26.7% and is now trading at $31.98.
View the best growth stocks for 2022 here
.

Are investors shorting Foot Locker?

Foot Locker saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 11,040,000 shares, a decline of 10.8% from the July 15th total of 12,370,000 shares. Based on an average daily volume of 2,740,000 shares, the short-interest ratio is presently 4.0 days. Currently, 13.8% of the company's stock are sold short.
View Foot Locker's Short Interest
.

When is Foot Locker's next earnings date?

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

How can I listen to Foot Locker's earnings call?

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".

How were Foot Locker's earnings last quarter?

Foot Locker, Inc. (NYSE:FL) announced its earnings results on Friday, November, 19th. The athletic footwear retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.37 by $0.56. The athletic footwear retailer earned $2.19 billion during the quarter, compared to analyst estimates of $2.14 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 was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $1.21 EPS.

How often does Foot Locker pay dividends? What is the dividend yield for Foot Locker?

Foot Locker declared a quarterly dividend on Monday, August 15th. Shareholders of record on Friday, October 14th will be paid a dividend of $0.40 per share on Friday, October 28th. This represents a $1.60 annualized dividend and a yield of 5.00%. The ex-dividend date is Thursday, October 13th.
Read our dividend analysis for FL
.

Is Foot Locker a good dividend stock?

Foot Locker (NYSE:FL) pays an annual dividend of $1.60 per share and currently has a dividend yield of 4.93%. 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 37.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FL.

What guidance has Foot Locker issued on next quarter's earnings?

Foot Locker issued an update on 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.

What is Richard A. Johnson's approval rating as Foot Locker's CEO?

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.

What other stocks do shareholders of Foot Locker own?

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).

What is Foot Locker's stock symbol?

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

Who are Foot Locker's major shareholders?

Foot Locker's stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (10.19%), State Street Corp (3.06%), Northern Trust Corp (1.17%), AQR Capital Management LLC (1.10%), Deer Park Road Corp (0.00%) and Towle & Co (0.90%). 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.
View institutional ownership trends
.

How do I buy shares of Foot Locker?

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.
Compare Top Brokerages Here.

What is Foot Locker's stock price today?

One share of FL stock can currently be purchased for approximately $31.98.

How much money does Foot Locker make?

Foot Locker (NYSE:FL) has a market capitalization of $3.02 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.

How many employees does Foot Locker have?

The company employs 49,933 workers across the globe.

Does Foot Locker have any subsidiaries?
The following companies are subsidiares of Foot Locker: FL Finance (Europe) Limited , FLE Holdings Coöperatief U.A., FLE Logistics B.V., Foot Locker Artigos Desportivos e de Tempos Livres Lda. , Foot Locker Asia Pte. Ltd., Foot Locker Australia Inc. , Foot Locker Austria GmbH , Foot Locker Belgium BVBA , Foot Locker Canada Co. , Foot Locker Corporate Services Inc. , Foot Locker Czech Republic s.r.o., Foot Locker Denmark B.V., Foot Locker Europe B.V. , Foot Locker Europe.com B.V., Foot Locker France S.A.S. , Foot Locker Germany GmbH & Co. KG , Foot Locker Greece Athletic Goods Ltd. , Foot Locker Hong Kong Ltd., Foot Locker Hungary Kft. , Foot Locker Italy S.r.l. , Foot Locker Korea LLC. , Foot Locker Macau, Foot Locker Malaysia Sdn. Bhd., Foot Locker Netherlands B.V. , Foot Locker New Zealand Inc. , Foot Locker Norway B.V., Foot Locker Poland Sp. z o.o., Foot Locker Retail Inc., Foot Locker Retail Ireland Limited , Foot Locker Scandinavia B.V. , Foot Locker Services Pte. Ltd., Foot Locker Singapore Pte. Ltd., Foot Locker Sourcing Inc. , Foot Locker Spain S.L. , Foot Locker Specialty Inc. , Foot Locker Stores Inc. , Foot Locker Switzerland LLC, Freedom Sportsline Limited , RPG.com GmbH, Runners Point B.V. & Co. K.G., Runners Point Switzerland LLC, Sidestep GmbH, and Team Edition Apparel Inc. .
Read More
When was Foot Locker founded?

Foot Locker was founded in 1974.

How can I contact Foot Locker?

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.

This page (NYSE:FL) was last updated on 8/19/2022 by MarketBeat.com Staff

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