Foot Locker FY2025 EPS Estimate Reduced by Seaport Res Ptn

Foot Locker, Inc. (NYSE:FL - Free Report) - Equities research analysts at Seaport Res Ptn decreased their FY2025 earnings estimates for Foot Locker in a research report issued on Wednesday, December 4th. Seaport Res Ptn analyst M. Kummetz now anticipates that the athletic footwear retailer will post earnings of $1.25 per share for the year, down from their prior forecast of $1.50. The consensus estimate for Foot Locker's current full-year earnings is $1.23 per share. Seaport Res Ptn also issued estimates for Foot Locker's Q4 2025 earnings at $0.75 EPS.

Foot Locker (NYSE:FL - Get Free Report) last released its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the previous year, the company earned $0.30 EPS. Foot Locker's revenue for the quarter was down 1.4% on a year-over-year basis.

Several other analysts have also recently commented on the stock. StockNews.com cut shares of Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, September 20th. Piper Sandler dropped their price target on shares of Foot Locker from $30.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, December 2nd. Guggenheim reduced their price target on Foot Locker from $34.00 to $28.00 and set a "buy" rating for the company in a report on Thursday. Morgan Stanley dropped their price objective on Foot Locker from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Friday. Finally, Evercore ISI reduced their target price on shares of Foot Locker from $38.00 to $32.00 and set an "outperform" rating for the company in a research note on Tuesday, November 26th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $25.29.

Foot Locker Stock Performance

NYSE FL traded down $0.18 during trading on Monday, reaching $21.82. 5,018,849 shares of the company's stock were exchanged, compared to its average volume of 3,372,358. 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 has a fifty-two week low of $19.33 and a fifty-two week high of $35.60. The company's fifty day simple moving average is $23.87 and its 200-day simple moving average is $25.85.

Hedge Funds Weigh In On Foot Locker

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of Foot Locker during the 3rd quarter worth approximately $829,000. Renaissance Technologies LLC acquired a new stake in Foot Locker during the second quarter worth $1,024,000. Versor Investments LP bought a new stake in Foot Locker in the 3rd quarter valued at $793,000. Edgestream Partners L.P. raised its stake in shares of Foot Locker by 477.2% in the 3rd quarter. Edgestream Partners L.P. now owns 117,602 shares of the athletic footwear retailer's stock valued at $3,039,000 after buying an additional 97,226 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Foot Locker by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer's stock worth $28,775,000 after acquiring an additional 38,318 shares during the period.

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.