Foot Locker (FL) Stock Price, News & Analysis

Company Overview

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. The company also provides its products under the WSS brand, an athletic-inspired retailer; and atmos brand, a digitally led culturally connected brand featuring sneakers and apparel. It offers its products through physical stores, various e-commerce sites, and mobile apps. The company was formerly known as Venator Group, Inc. and changed its name to Foot Locker, Inc. in November 2001. The company was founded in 1879 and is headquartered in New York, New York.

Key Stats

• Today's Range: $28.21 to $29.24
• 50-Day Range: $23.92 to $32.96
• 52-Week Range: $16.68 to $35.60
• Volume: 2.80 million shs
• Average Volume: 3.34 million shs
• Market Capitalization: $2.74 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $26.40
• Consensus Rating: Reduce

Foot Locker Stock Analysis - MarketRank™

Foot Locker scored higher than 85% of companies evaluated by MarketBeat, and ranked 60th out of 205 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Reduce

Consensus Rating

Foot Locker has received a consensus rating of Reduce. The company's average rating score is 1.94, and is based on 3 buy ratings, 9 hold ratings, and 4 sell ratings.

Amount of Analyst Coverage

Foot Locker has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 32.45%

Earnings Growth

Earnings for Foot Locker are expected to grow by 32.45% in the coming year, from $1.51 to $2.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Foot Locker is -7.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Foot Locker is -7.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Foot Locker has a PEG Ratio of 0.65. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Foot Locker has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

11.63% of the float of Foot Locker has been sold short.

Short Interest Ratio / Days to Cover

Foot Locker has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Foot Locker has recently decreased by 18.18%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Foot Locker does not currently pay a dividend.

Dividend Growth

Foot Locker does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, Foot Locker will have a dividend payout ratio of 80.00% in the coming year. This indicates that Foot Locker may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 2.0 / 5
• Environmental Score: -2.22

Percentage of Shares Shorted

11.63% of the float of Foot Locker has been sold short.

Short Interest Ratio / Days to Cover

Foot Locker has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Foot Locker has recently decreased by 18.18%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.40

News Sentiment

Foot Locker has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 22 news articles for Foot Locker this week, compared to 10 articles on an average week.

Search Interest

18 people have searched for FL on MarketBeat in the last 30 days. This is an increase of 80% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Foot Locker to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Foot Locker insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $26,090,866.00 in company stock.

Percentage Held by Insiders

Only 1.20% of the stock of Foot Locker is held by insiders.

FL Stock Analysis - Frequently Asked Questions

How have FL shares performed this year?

Foot Locker's stock was trading at $31.15 at the beginning of the year. Since then, FL stock has decreased by 7.2% and is now trading at $28.91.
View the best growth stocks for 2024 here.

How were Foot Locker's earnings last quarter?

Foot Locker, Inc. (NYSE:FL) posted its quarterly earnings results on Thursday, May, 30th. The athletic footwear retailer reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.10. Foot Locker's revenue for the quarter was down 2.8% compared to the same quarter last year.

Does Foot Locker have any subsidiaries?

Foot Locker subsidiaries include FLE Holdings Coöperatief U.A., FLE Logistics B.V., FL Finance (Europe) Limited , Foot Locker Artigos Desportivos e de Tempos Livres Lda. , Foot Locker Asia Pte. Ltd., Foot Locker Australia Inc. , Foot Locker Austria GmbH , and others.

Who are Foot Locker's major shareholders?

Foot Locker's top institutional investors include Dimensional Fund Advisors LP (4.96%), Allspring Global Investments Holdings LLC (3.06%), LSV Asset Management (0.78%) and Bank of New York Mellon Corp (0.73%). Insiders that own company stock include Vesa Equity Investment SA RL, Mary N Dillon, John A Maurer, Todd Greener and Matthew M Mckenna.
View institutional ownership trends.

How do I buy shares of Foot Locker?

Shares of FL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Foot Locker own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Foot Locker investors own include Intel (INTC), Walt Disney (DIS), Home Depot (HD), Micron Technology (MU), CVS Health (CVS), Cisco Systems (CSCO) and QUALCOMM (QCOM).

Company Calendar

• Last Earnings: 5/30/2024
• Today: 9/19/2024
• Next Earnings (Estimated): 12/04/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Shoe stores
• Sub-Industry: Apparel Retail
• Current Symbol: NYSE:FL
• CUSIP: 34484910
• CIK: 850209
• Web: www.footlocker-inc.com
• Phone: (212) 720-3700
• Fax: 212-553-7026
• Employees: 46,846
• Year Founded: 1974

Price Target and Rating

• Average Stock Price Target: $26.40
• High Stock Price Target: $38.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: -7.0%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.94
• Research Coverage: 16 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($3.79)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 18.80
• P/E Growth: 0.65
• Net Income: $-330,000,000.00
• Net Margins: -4.48%
• Pretax Margin: -5.86%
• Return on Equity: 2.73%
• Return on Assets: 1.15%

Debt

• Debt-to-Equity Ratio: 0.15
• Current Ratio: 1.66
• Quick Ratio: 0.49

Sales & Book Value

• Annual Sales: $8.15 billion
• Price / Sales: 0.33
• Cash Flow: $3.77 per share
• Price / Cash Flow: 7.54
• Book Value: $30.54 per share
• Price / Book: 0.93

Miscellaneous

• Outstanding Shares: 94,718,000
• Free Float: 93,581,000
• Market Cap: $2.69 billion
• Optionable: Optionable
• Beta: 1.44