Foot Locker FY2026 EPS Estimate Lowered by Seaport Res Ptn

Foot Locker, Inc. (NYSE:FL) – Equities research analysts at Seaport Res Ptn cut their FY2026 earnings estimates for shares of Foot Locker in a research report issued to clients and investors 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 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 issued its earnings results 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). The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.01 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. Foot Locker’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 EPS.

A number of other equities analysts have also commented on the company. JPMorgan Chase & Co. dropped their price target on Foot Locker from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Piper Sandler lowered their target price on Foot Locker from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Barclays cut their target price on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Robert W. Baird decreased their price target on shares of Foot Locker from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Finally, Evercore ISI lowered their price objective on shares of Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $24.94.

Foot Locker Stock Down 0.5 %

FL opened at $17.34 on Friday. Foot Locker has a 52 week low of $17.24 and a 52 week high of $34.89. 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 firm has a 50-day simple moving average of $20.24 and a two-hundred day simple moving average of $23.79. The company has a market capitalization 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.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Harbour Investments Inc. raised its holdings in shares of Foot Locker by 81.6% in the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock worth $31,000 after buying an additional 648 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Foot Locker in the fourth quarter worth $32,000. R Squared Ltd purchased a new stake in Foot Locker in the fourth quarter worth $50,000. Sterling Capital Management LLC boosted its stake in shares of Foot Locker by 819.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock valued at $57,000 after purchasing an additional 2,343 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Foot Locker in the third quarter worth about $58,000.

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.