Foot Locker, Inc. (NYSE:FL) Expected to Earn FY2025 Earnings of $1.66 Per Share

Foot Locker, Inc. (NYSE:FL) – Wedbush increased their FY2025 EPS estimates for Foot Locker in a research note issued to investors on Monday, August 26th. Wedbush analyst T. Nikic now expects that the athletic footwear retailer will post earnings of $1.66 per share for the year, up from their previous forecast of $1.58. Wedbush has a “Neutral” rating and a $25.00 price objective on the stock. The consensus estimate for Foot Locker’s current full-year earnings is $1.53 per share. Wedbush also issued estimates for Foot Locker’s FY2026 earnings at $2.29 EPS.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Thursday, May 30th. The athletic footwear retailer reported $0.22 EPS for the quarter, topping the consensus estimate of $0.12 by $0.10. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. Foot Locker had a negative net margin of 4.41% and a positive return on equity of 2.91%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 earnings per share.

Other equities research analysts have also recently issued research reports about the company. Barclays boosted their target price on Foot Locker from $22.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, May 31st. Evercore ISI boosted their price objective on Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday. Citigroup raised their target price on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Robert W. Baird boosted their price target on shares of Foot Locker from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Morgan Stanley downgraded shares of Foot Locker from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $24.00 to $18.00 in a report on Thursday, July 18th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $25.93.

Foot Locker Trading Up 0.2 %

NYSE:FL opened at $32.79 on Tuesday. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of -8.65, a PEG ratio of 0.79 and a beta of 1.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.50 and a current ratio of 1.68. Foot Locker has a 1 year low of $16.68 and a 1 year high of $35.60. The business has a fifty day moving average of $27.24 and a 200-day moving average of $26.14.

Insider Activity at Foot Locker

In related news, major shareholder Vesa Equity Investment S.A R.L sold 246,886 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $32.93, for a total value of $8,129,955.98. Following the transaction, the insider now directly owns 11,146,292 shares in the company, valued at approximately $367,047,395.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by company insiders.

Institutional Trading of Foot Locker

Several hedge funds and other institutional investors have recently bought and sold shares of FL. Susquehanna Fundamental Investments LLC bought a new stake in Foot Locker in the 1st quarter valued at $3,488,000. Public Employees Retirement System of Ohio acquired a new position in Foot Locker in the first quarter worth about $2,194,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Foot Locker during the first quarter worth about $2,670,000. Quadrant Capital Group LLC boosted its holdings in Foot Locker by 3,004.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock valued at $44,000 after purchasing an additional 1,352 shares in the last quarter. Finally, Verition Fund Management LLC grew its stake in shares of Foot Locker by 106.0% in the 4th quarter. Verition Fund Management LLC now owns 300,696 shares of the athletic footwear retailer’s stock valued at $9,367,000 after purchasing an additional 154,708 shares during the period.

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.