Seaport Res Ptn Lowers Earnings Estimates for Foot Locker

Foot Locker, Inc. (NYSE:FL) – Stock analysts at Seaport Res Ptn lowered their FY2026 EPS estimates for shares of Foot Locker in a report issued on Wednesday, February 26th. Seaport Res Ptn analyst M. Kummetz now anticipates that the athletic footwear retailer will post earnings per share of $1.72 for the year, down from their previous estimate 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.

FL has been the subject of a number of other research reports. Needham & Company LLC dropped their price objective on Foot Locker from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, January 24th. The Goldman Sachs Group lowered their price target on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 price objective on shares of Foot Locker in a research note on Tuesday. Piper Sandler lowered their target price on shares of Foot Locker from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, December 2nd. Finally, UBS Group reduced their price target on Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Four equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $24.94.

Foot Locker Stock Performance

NYSE FL opened at $17.27 on Friday. 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 fifty-two week low of $17.13 and a fifty-two week high of $34.89. The business has a fifty day moving average of $20.14 and a 200-day moving average of $23.69. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -3.83, a price-to-earnings-growth ratio of 0.53 and a beta of 1.48.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its stake in shares of Foot Locker by 173.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 112,028 shares of the athletic footwear retailer’s stock valued at $2,438,000 after acquiring an additional 71,083 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Foot Locker by 17.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,466 shares of the athletic footwear retailer’s stock valued at $5,733,000 after purchasing an additional 39,232 shares in the last quarter. Voloridge Investment Management LLC raised its position in Foot Locker by 66.8% in the fourth quarter. Voloridge Investment Management LLC now owns 737,299 shares of the athletic footwear retailer’s stock valued at $16,044,000 after purchasing an additional 295,243 shares during the period. Vision One Management Partners LP acquired a new position in shares of Foot Locker during the fourth quarter worth about $1,205,000. Finally, Twinbeech Capital LP purchased a new stake in shares of Foot Locker in the fourth quarter worth about $5,715,000.

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.