Seaport Res Ptn Decreases Earnings Estimates for Foot Locker

Foot Locker, Inc. (NYSE:FL) – Investment analysts at Seaport Res Ptn dropped their FY2025 earnings per share (EPS) estimates for shares of Foot Locker in a report issued on Wednesday, December 4th. Seaport Res Ptn analyst M. Kummetz now expects that the athletic footwear retailer will earn $1.25 per share for the year, down from their previous 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.

FL has been the subject of a number of other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 target price on shares of Foot Locker in a report on Wednesday, December 4th. JPMorgan Chase & Co. reduced their price objective on Foot Locker from $27.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, December 4th. Citigroup raised their target price on Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. StockNews.com lowered Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, September 20th. Finally, The Goldman Sachs Group decreased their price objective on Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a research note on Thursday. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.29.

Foot Locker Price Performance

Shares of NYSE:FL opened at $22.00 on Monday. The company has a quick ratio of 0.49, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.09 billion, a PE ratio of -4.88, a price-to-earnings-growth ratio of 0.77 and a beta of 1.46. The firm’s 50 day moving average price is $23.87 and its 200-day moving average price is $25.85. Foot Locker has a twelve month low of $19.33 and a twelve month high of $35.60.

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

Hedge Funds Weigh In On Foot Locker

Several hedge funds have recently modified their holdings of the stock. Quarry LP bought a new stake in Foot Locker in the 2nd quarter valued at $31,000. Fifth Third Bancorp increased its holdings in shares of Foot Locker by 116.0% in the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock worth $34,000 after purchasing an additional 733 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Foot Locker by 156.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock worth $40,000 after buying an additional 985 shares in the last quarter. Headlands Technologies LLC bought a new position in Foot Locker during the second quarter valued at approximately $43,000. Finally, nVerses Capital LLC purchased a new position in Foot Locker during the 3rd quarter valued at approximately $47,000.

Foot Locker Company Profile

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.