Q2 EPS Estimates for Foot Locker Reduced by Zacks Research

Foot Locker, Inc. (NYSE:FL - Free Report) - Investment analysts at Zacks Research cut their Q2 2026 earnings per share (EPS) estimates for shares of Foot Locker in a research note issued on Wednesday, March 19th. Zacks Research analyst R. Department now anticipates that the athletic footwear retailer will post earnings of $0.15 per share for the quarter, down from their previous estimate of $0.21. 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 Q3 2026 earnings at $0.40 EPS, FY2026 earnings at $1.42 EPS, Q3 2027 earnings at $0.48 EPS, FY2027 earnings at $1.62 EPS and FY2028 earnings at $1.90 EPS.

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, beating analysts' consensus estimates of $0.73 by $0.13. The firm had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share.

Several other brokerages also recently issued reports on FL. Guggenheim lowered 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, December 5th. Robert W. Baird lowered their target price 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. Jefferies Financial Group cut their price target 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. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Finally, Barclays set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $22.81.

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Foot Locker Trading Down 2.2 %

Shares of FL traded down $0.35 during trading hours on Friday, reaching $15.68. The stock had a trading volume of 2,961,019 shares, compared to its average volume of 3,258,698. The firm has a 50-day moving average of $18.49 and a 200 day moving average of $21.86. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.49 billion, a P/E ratio of -3.48, a P/E/G ratio of 0.53 and a beta of 1.55. Foot Locker has a 52 week low of $14.98 and a 52 week high of $33.94.

Hedge Funds Weigh In On Foot Locker

Institutional investors have recently modified their holdings of the business. Harbour Investments Inc. lifted its stake in Foot Locker by 81.6% in the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock valued at $31,000 after purchasing an additional 648 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Foot Locker in the 4th quarter valued at $32,000. R Squared Ltd acquired a new stake in shares of Foot Locker during the 4th quarter valued at $50,000. Sterling Capital Management LLC grew its position in Foot Locker by 819.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer's stock worth $57,000 after acquiring an additional 2,343 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Foot Locker in the 3rd quarter worth about $58,000.

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.