Zacks Research Predicts Reduced Earnings for Foot Locker

Foot Locker, Inc. (NYSE:FL) – Equities research analysts at Zacks Research lowered their Q2 2026 earnings per share estimates for Foot Locker in a report released on Wednesday, March 19th. Zacks Research analyst R. Department now anticipates that the athletic footwear retailer will post earnings per share of $0.15 for the quarter, down from their prior 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.

Several other equities analysts have also issued reports on the company. Piper Sandler decreased their price target on Foot Locker from $23.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 target price on shares of Foot Locker in a research report on Wednesday, March 5th. Williams Trading raised shares of Foot Locker from a “sell” rating to a “hold” rating and increased their target price for the stock from $17.00 to $21.00 in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 price target on shares of Foot Locker in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Foot Locker from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $22.81.

Foot Locker Stock Performance

Shares of NYSE:FL opened at $16.13 on Friday. Foot Locker has a 1 year low of $14.98 and a 1 year high of $33.94. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -3.58, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The company’s 50 day simple moving average is $18.70 and its 200 day simple moving average is $22.10.

Foot Locker (NYSE:FL) last released its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating the consensus estimate of $0.73 by $0.13. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the firm earned $0.38 EPS. The business’s quarterly revenue was down 5.7% compared to the same quarter last year.

Institutional Investors Weigh In On Foot Locker

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Natixis Advisors LLC grew its stake in Foot Locker by 8.9% during the third quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer’s stock worth $332,000 after purchasing an additional 1,054 shares during the period. Quest Partners LLC acquired a new stake in shares of Foot Locker during the 3rd quarter worth approximately $358,000. Intech Investment Management LLC bought a new stake in shares of Foot Locker in the 3rd quarter valued at $829,000. Landscape Capital Management L.L.C. lifted its position in shares of Foot Locker by 3.2% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 115,570 shares of the athletic footwear retailer’s stock valued at $2,986,000 after acquiring an additional 3,593 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Foot Locker by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock worth $28,775,000 after acquiring an additional 38,318 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.