Seaport Res Ptn Forecasts Reduced Earnings for Foot Locker

Foot Locker, Inc. (NYSE:FL) – Investment analysts at Seaport Res Ptn decreased their FY2026 earnings per share (EPS) estimates for shares of Foot Locker in a research report issued on Wednesday, February 26th. Seaport Res Ptn analyst M. Kummetz now anticipates that the athletic footwear retailer will post earnings of $1.72 per share for the year, down from their prior forecast of $1.85. 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 FY2027 earnings at $2.09 EPS and FY2028 earnings at $2.44 EPS.

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

Several other equities research analysts have also recently weighed in on FL. Evercore ISI dropped their price objective on Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a report on Tuesday, November 26th. Jefferies Financial Group dropped their price target on Foot Locker from $27.00 to $22.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Piper Sandler cut their price target on shares of Foot Locker from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, December 2nd. Telsey Advisory Group restated a “market perform” rating and issued a $24.00 price objective on shares of Foot Locker in a report on Tuesday, February 25th. Finally, Needham & Company LLC cut their target price on shares of Foot Locker from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $24.94.

Foot Locker Stock Performance

Foot Locker stock opened at $17.27 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.64 billion, a P/E ratio of -3.83, a P/E/G ratio of 0.53 and a beta of 1.48. Foot Locker has a 1-year low of $17.13 and a 1-year high of $34.89. The firm has a 50-day moving average of $20.14 and a 200-day moving average of $23.63.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Moody National Bank Trust Division bought a new stake in shares of Foot Locker during the fourth quarter valued at approximately $610,000. Geode Capital Management LLC increased its holdings in shares of Foot Locker by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock worth $49,319,000 after purchasing an additional 25,394 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Foot Locker in the 3rd quarter worth $829,000. Allspring Global Investments Holdings LLC raised its stake in shares of Foot Locker by 88.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock worth $115,365,000 after purchasing an additional 2,500,396 shares during the last quarter. Finally, Versor Investments LP bought a new position in shares of Foot Locker during the third quarter valued at $793,000.

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.