Telsey Advisory Group Predicts Foot Locker Q3 Earnings

Foot Locker, Inc. (NYSE:FL - Free Report) - Equities researchers at Telsey Advisory Group boosted their Q3 2026 earnings per share (EPS) estimates for shares of Foot Locker in a report issued on Thursday, March 6th. Telsey Advisory Group analyst C. Fernandez now expects that the athletic footwear retailer will post earnings per share of $0.39 for the quarter, up from their previous forecast of $0.38. Telsey Advisory Group has a "Market Perform" rating and a $24.00 price objective 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 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 analysts also recently issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of Foot Locker from $25.00 to $22.00 and set a "sell" rating for the company in a report on Thursday, December 5th. Morgan Stanley dropped their price objective on Foot Locker from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Friday, December 6th. Williams Trading upgraded Foot Locker from a "sell" rating to a "hold" rating and raised their price target for the stock from $17.00 to $21.00 in a research report on Wednesday, November 27th. Robert W. Baird dropped their price target on Foot Locker from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $24.00 target price on shares of Foot Locker in a report on Wednesday, March 5th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Foot Locker has a consensus rating of "Hold" and a consensus target price of $22.81.

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Foot Locker Stock Performance

FL stock traded down $0.96 during trading hours on Friday, hitting $16.22. 5,400,861 shares of the stock were exchanged, compared to its average volume of 3,275,727. The company has a 50-day simple moving average of $19.62 and a two-hundred day simple moving average of $22.96. The firm has a market capitalization of $1.54 billion, a P/E ratio of -3.60, a P/E/G 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 current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15.

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 the consensus estimate of $0.73 by $0.13. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm 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 business posted $0.38 earnings per share. The business's revenue for the quarter was down 5.7% compared to the same quarter last year.

Institutional Trading of Foot Locker

A number of institutional investors have recently modified their holdings of FL. Public Employees Retirement System of Ohio grew its position in shares of Foot Locker by 173.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 112,028 shares of the athletic footwear retailer's stock worth $2,438,000 after buying an additional 71,083 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Foot Locker by 17.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,466 shares of the athletic footwear retailer's stock valued at $5,733,000 after acquiring an additional 39,232 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Foot Locker by 66.8% during the 4th quarter. Voloridge Investment Management LLC now owns 737,299 shares of the athletic footwear retailer's stock worth $16,044,000 after acquiring an additional 295,243 shares during the last quarter. Vision One Management Partners LP purchased a new stake in Foot Locker in the 4th quarter worth approximately $1,205,000. Finally, Twinbeech Capital LP bought a new stake in Foot Locker during the fourth quarter valued at about $5,715,000.

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.