Zacks Research Has Weak Outlook for Foot Locker Q1 Earnings

Foot Locker, Inc. (NYSE:FL - Free Report) - Investment analysts at Zacks Research dropped their Q1 2026 earnings estimates for shares of Foot Locker in a report released on Wednesday, March 19th. Zacks Research analyst R. Department now expects that the athletic footwear retailer will post earnings of ($0.01) per share for the quarter, down from their previous forecast of $0.36. The consensus estimate for Foot Locker's current full-year earnings is $1.23 per share. Zacks Research also issued estimates for Foot Locker's Q4 2026 earnings at $0.88 EPS, Q1 2027 earnings at $0.07 EPS, Q2 2027 earnings at $0.20 EPS and Q4 2027 earnings at $0.87 EPS.

Several other research analysts also recently commented on the stock. Robert W. Baird lowered their price objective on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Jefferies Financial Group reduced their price objective on shares of Foot Locker from $22.00 to $19.00 and set a "hold" rating on the stock in a research note on Wednesday, March 5th. The Goldman Sachs Group lowered their target price on shares of Foot Locker from $25.00 to $22.00 and set a "sell" rating for the company in a research note on Thursday, December 5th. UBS Group lowered their price objective on Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Finally, Morgan Stanley decreased their target price on Foot Locker from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Friday, December 6th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Foot Locker has an average rating of "Hold" and an average price target of $22.81.

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Foot Locker Price Performance

FL stock traded down $0.11 during midday trading on Monday, reaching $15.92. The company had a trading volume of 1,010,958 shares, compared to its average volume of 3,277,336. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of -3.52, 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 current ratio of 1.67 and a quick ratio of 0.45. Foot Locker has a 1-year low of $14.98 and a 1-year high of $33.94. The stock has a 50 day moving average price of $18.59 and a 200-day moving average price of $21.93.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 earnings per share.

Institutional Trading of Foot Locker

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its stake in 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 valued at $2,438,000 after acquiring an additional 71,083 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Foot Locker by 17.5% in 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 period. Voloridge Investment Management LLC increased its holdings in 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 period. Vision One Management Partners LP purchased a new position in shares of Foot Locker during the 4th quarter valued at $1,205,000. Finally, Twinbeech Capital LP bought a new position in shares of Foot Locker in the fourth quarter worth $5,715,000.

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.