Seaport Res Ptn Lowers Earnings Estimates for Foot Locker

Foot Locker, Inc. (NYSE:FL) – Equities researchers at Seaport Res Ptn decreased their FY2026 earnings per share estimates for shares of Foot Locker in a research note issued to investors on Wednesday, December 4th. Seaport Res Ptn analyst M. Kummetz now forecasts that the athletic footwear retailer will post earnings per share of $1.85 for the year, down from their prior estimate of $2.11. The consensus estimate for Foot Locker’s current full-year earnings is $1.52 per share. Seaport Res Ptn also issued estimates for Foot Locker’s FY2027 earnings at $2.23 EPS.

A number of other analysts have also commented on the company. UBS Group decreased their price objective on Foot Locker from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday. Needham & Company LLC restated a “buy” rating and set a $27.00 price target on shares of Foot Locker in a report on Wednesday. JPMorgan Chase & Co. cut their target price on Foot Locker from $27.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday. Guggenheim decreased their price target on Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group cut their price objective on Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a research report on Thursday. 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.71.

Foot Locker Price Performance

Shares of NYSE FL opened at $21.42 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $23.96 and its 200-day moving average price is $25.81. The firm has a market capitalization of $2.03 billion, a P/E ratio of -4.69, a P/E/G ratio of 0.64 and a beta of 1.46. Foot Locker has a 1-year low of $19.33 and a 1-year high of $35.60.

Foot Locker (NYSE:FL) last released its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $2.01 billion. During the same period in the prior year, the business earned $0.30 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in Foot Locker in the 2nd quarter valued at $31,000. Fifth Third Bancorp raised its position in shares of Foot Locker by 116.0% in the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock worth $34,000 after buying an additional 733 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Foot Locker by 156.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock valued at $40,000 after buying an additional 985 shares during the period. Headlands Technologies LLC purchased a new position in Foot Locker during the second quarter worth about $43,000. Finally, nVerses Capital LLC purchased a new position in Foot Locker during the third quarter worth about $47,000.

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.