Foot Locker, Inc. (NYSE:FL – Free Report) – Analysts at Zacks Research cut their Q1 2027 earnings estimates for shares of Foot Locker in a research report issued on Thursday, June 12th. Zacks Research analyst R. Department now expects that the athletic footwear retailer will post earnings of $0.04 per share for the quarter, down from their prior forecast of $0.07. 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 2027 earnings at $0.41 EPS, Q4 2027 earnings at $0.89 EPS, FY2027 earnings at $1.43 EPS and Q1 2028 earnings at $0.05 EPS.
A number of other research firms also recently issued reports on FL. Barclays downgraded shares of Foot Locker from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 29th. Gordon Haskett downgraded shares of Foot Locker from a “moderate buy” rating to a “hold” rating in a report on Thursday, May 15th. Morgan Stanley lowered their price objective on shares of Foot Locker from $16.00 to $14.00 and set an “underweight” rating on the stock in a report on Tuesday, May 6th. UBS Group lowered their price objective on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Finally, Robert W. Baird set a $24.00 price objective on shares of Foot Locker in a report on Thursday, May 29th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.20.
Foot Locker Stock Up 0.3%
Foot Locker stock opened at $24.10 on Monday. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. Foot Locker has a 12-month low of $11.00 and a 12-month high of $33.94. The firm’s fifty day moving average is $17.61 and its 200 day moving average is $18.56. The company has a market capitalization of $2.29 billion, a PE ratio of -5.34, a PEG ratio of 0.53 and a beta of 1.74.
Foot Locker (NYSE:FL – Get Free Report) last released its earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company earned $0.22 EPS. Foot Locker’s quarterly revenue was down 4.6% compared to the same quarter last year.
Hedge Funds Weigh In On Foot Locker
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its holdings in shares of Foot Locker by 66.5% in the fourth quarter. Ameriprise Financial Inc. now owns 541,659 shares of the athletic footwear retailer’s stock worth $11,786,000 after buying an additional 216,352 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Foot Locker in the fourth quarter worth about $5,473,000. Smartleaf Asset Management LLC lifted its holdings in shares of Foot Locker by 198.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,876 shares of the athletic footwear retailer’s stock worth $63,000 after buying an additional 1,911 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Foot Locker by 140.8% in the fourth quarter. Sei Investments Co. now owns 412,988 shares of the athletic footwear retailer’s stock worth $8,987,000 after buying an additional 241,504 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Foot Locker by 171.3% in the fourth quarter. Vontobel Holding Ltd. now owns 30,229 shares of the athletic footwear retailer’s stock worth $658,000 after buying an additional 19,085 shares in the last quarter.
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.
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