Seaport Res Ptn Forecasts Weaker Earnings for Foot Locker

Foot Locker, Inc. (NYSE:FL) – Equities research analysts at Seaport Res Ptn dropped their FY2026 EPS estimates for Foot Locker in a report issued on Wednesday, February 26th. Seaport Res Ptn analyst M. Kummetz now expects that the athletic footwear retailer will earn $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.

A number of other equities research analysts have also recently commented on the stock. Piper Sandler dropped their price objective on shares of Foot Locker from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, December 2nd. UBS Group dropped their price target on shares of Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Williams Trading upgraded Foot Locker from a “sell” rating to a “hold” rating and raised their target price for the company from $17.00 to $21.00 in a research report on Wednesday, November 27th. The Goldman Sachs Group reduced their price target on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Finally, Jefferies Financial Group lowered their price target on Foot Locker from $27.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.94.

Foot Locker Stock Performance

Shares of FL stock opened at $17.34 on Friday. The business has a 50-day simple moving average of $20.24 and a 200-day simple moving average of $23.79. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.64 billion, a PE ratio of -3.84, a price-to-earnings-growth ratio of 0.53 and a beta of 1.48. Foot Locker has a 52-week low of $17.24 and a 52-week high of $34.89.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FL. Harbour Investments Inc. increased its holdings in Foot Locker by 81.6% in the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock valued at $31,000 after buying an additional 648 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Foot Locker in the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Foot Locker in the 3rd quarter valued at $58,000. R Squared Ltd purchased a new position in shares of Foot Locker in the 4th quarter valued at $50,000. Finally, Sterling Capital Management LLC raised its stake in Foot Locker by 819.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock worth $57,000 after acquiring an additional 2,343 shares in the last quarter.

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.