Foot Locker (NYSE:FL) Announces Earnings Results

Foot Locker (NYSE:FL - Get Free Report) released its quarterly earnings results on Wednesday. The athletic footwear retailer reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.13, Zacks reports. The firm had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. Foot Locker's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 EPS. Foot Locker updated its FY 2025 guidance to 1.350-1.650 EPS and its FY26 guidance to $1.35-1.65 EPS.

Foot Locker Stock Up 4.8 %

FL stock traded up $0.86 during mid-day trading on Friday, reaching $18.70. 4,346,839 shares of the company traded hands, compared to its average volume of 3,456,685. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -4.15, a P/E/G ratio of 0.53 and a beta of 1.55. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. Foot Locker has a fifty-two week low of $16.92 and a fifty-two week high of $33.94. The firm's 50 day moving average price is $19.72 and its 200 day moving average price is $23.13.

Analysts Set New Price Targets

Several research firms recently issued reports on FL. Needham & Company LLC reissued a "buy" rating and set a $24.00 price target on shares of Foot Locker in a research report on Wednesday. Williams Trading raised Foot Locker from a "sell" rating to a "hold" rating and upped their price target for the company from $17.00 to $21.00 in a research report on Wednesday, November 27th. The Goldman Sachs Group dropped their price target on Foot Locker from $25.00 to $22.00 and set a "sell" rating on the stock in a research report on Thursday, December 5th. Barclays dropped their price target on Foot Locker from $34.00 to $29.00 and set an "overweight" rating on the stock in a research report on Friday, December 6th. Finally, Evercore ISI decreased their target price on Foot Locker from $30.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Foot Locker currently has an average rating of "Hold" and an average price target of $23.13.

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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.