Telsey Advisory Group Comments on Foot Locker Q1 Earnings

Foot Locker, Inc. (NYSE:FL - Free Report) - Analysts at Telsey Advisory Group reduced their Q1 2026 earnings per share estimates for Foot Locker in a report released on Thursday, March 6th. Telsey Advisory Group analyst C. Fernandez now expects that the athletic footwear retailer will earn $0.10 per share for the quarter, down from their prior forecast of $0.39. Telsey Advisory Group has a "Market Perform" rating and a $24.00 price target on the stock. The consensus estimate for Foot Locker's current full-year earnings is $1.23 per share. Telsey Advisory Group also issued estimates for Foot Locker's Q2 2026 earnings at $0.06 EPS, FY2026 earnings at $1.48 EPS, Q2 2027 earnings at $0.13 EPS and Q4 2027 earnings at $0.99 EPS.

FL has been the topic of several other research reports. Williams Trading upgraded shares of Foot Locker from a "sell" rating to a "hold" rating and boosted their target price for the company from $17.00 to $21.00 in a report on Wednesday, November 27th. Guggenheim dropped their price objective on Foot Locker from $34.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, December 5th. UBS Group decreased their target price on Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Jefferies Financial Group dropped their price target on Foot Locker from $22.00 to $19.00 and set a "hold" rating on the stock in a research note on Wednesday, March 5th. Finally, Evercore ISI cut their price target on Foot Locker from $30.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Four analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $22.81.

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Foot Locker Trading Down 6.4 %

Foot Locker stock traded down $1.11 during mid-day trading on Monday, hitting $16.06. 2,896,956 shares of the stock were exchanged, compared to its average volume of 3,266,356. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -3.54, a PEG ratio of 0.53 and a beta of 1.55. Foot Locker has a 12 month low of $15.90 and a 12 month high of $33.94. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The firm's fifty day simple moving average is $19.62 and its two-hundred day simple moving average is $22.96.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.13. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the company earned $0.38 earnings per share. The firm's revenue was down 5.7% compared to the same quarter last year.

Institutional Trading of Foot Locker

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. grew its holdings in Foot Locker by 81.6% during the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock worth $31,000 after buying an additional 648 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Foot Locker in the 4th quarter worth $32,000. R Squared Ltd purchased a new stake in shares of Foot Locker in the fourth quarter valued at about $50,000. Sterling Capital Management LLC raised its holdings in shares of Foot Locker by 819.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer's stock valued at $57,000 after purchasing an additional 2,343 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Foot Locker during the third quarter valued at about $58,000.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.