Foot Locker's (FL) "Market Perform" Rating Reiterated at Telsey Advisory Group

Foot Locker (NYSE:FL - Get Free Report)'s stock had its "market perform" rating reissued by equities researchers at Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $24.00 price objective on the athletic footwear retailer's stock. Telsey Advisory Group's price target would suggest a potential upside of 28.33% from the company's previous close. Telsey Advisory Group also issued estimates for Foot Locker's Q3 2026 earnings at $0.39 EPS, Q4 2026 earnings at $0.93 EPS, Q1 2027 earnings at $0.17 EPS, Q3 2027 earnings at $0.47 EPS and FY2027 earnings at $1.75 EPS.

A number of other research analysts have also issued reports on the company. The Goldman Sachs Group reduced their price objective on Foot Locker from $25.00 to $22.00 and set a "sell" rating for the company in a research report on Thursday, December 5th. UBS Group cut their price objective on Foot Locker from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Thursday, December 5th. Evercore ISI dropped their price target on Foot Locker from $30.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Morgan Stanley lowered their target price on Foot Locker from $17.00 to $16.00 and set an "underweight" rating on the stock in a research note on Friday, December 6th. Finally, Guggenheim lowered their target price 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. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Foot Locker presently has a consensus rating of "Hold" and an average price target of $23.13.

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Foot Locker Trading Up 4.8 %

NYSE FL traded up $0.86 during trading hours on Wednesday, hitting $18.70. 4,346,839 shares of the company's stock were exchanged, compared to its average volume of 3,456,685. The business's 50 day moving average is $19.72 and its 200-day moving average is $23.13. Foot Locker has a 12-month low of $16.92 and a 12-month high of $33.94. The firm has a market capitalization of $1.77 billion, a P/E ratio of -4.15, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.

Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $2.32 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The firm's revenue was down 5.7% on a year-over-year basis. As a group, analysts anticipate that Foot Locker will post 1.23 EPS for the current fiscal year.

Institutional Trading of Foot Locker

A number of large investors have recently bought and sold shares of the business. Summit Investment Advisors Inc. lifted its position in Foot Locker by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,728 shares of the athletic footwear retailer's stock valued at $190,000 after acquiring an additional 562 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock valued at $31,000 after buying an additional 648 shares in the last quarter. Chartwell Investment Partners LLC grew its position in shares of Foot Locker by 2.4% in the third quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer's stock valued at $870,000 after purchasing an additional 782 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Foot Locker by 32.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer's stock valued at $84,000 after buying an additional 801 shares in the last quarter. Finally, Foundry Partners LLC lifted its stake in Foot Locker by 8.8% in the 4th quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer's stock worth $278,000 after purchasing an additional 1,031 shares in the last quarter.

Foot Locker Company Profile

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.