Zacks Research Weighs in on Foot Locker, Inc.’s Q1 2027 Earnings (NYSE:FL)

Foot Locker, Inc. (NYSE:FL) – Zacks Research reduced their Q1 2027 EPS estimates for Foot Locker in a research note issued on Thursday, September 12th. Zacks Research analyst V. Bagree now forecasts that the athletic footwear retailer will post earnings per share of $0.46 for the quarter, down from their prior estimate of $0.47. The consensus estimate for Foot Locker’s current full-year earnings is $1.51 per share. Zacks Research also issued estimates for Foot Locker’s Q2 2027 earnings at $0.41 EPS.

A number of other analysts also recently issued reports on the company. Telsey Advisory Group restated a “market perform” rating and issued a $27.00 price target on shares of Foot Locker in a research report on Wednesday, August 28th. Citigroup raised their price target on Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Evercore ISI raised their price target on Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, August 26th. Wedbush restated a “neutral” rating and issued a $25.00 price target on shares of Foot Locker in a research report on Wednesday, June 12th. Finally, StockNews.com upgraded Foot Locker from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.40.

Foot Locker Trading Down 1.1 %

FL stock opened at $26.65 on Monday. The firm has a fifty day moving average price of $28.24 and a 200 day moving average price of $25.67. Foot Locker has a fifty-two week low of $16.68 and a fifty-two week high of $35.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.66. The firm has a market cap of $2.53 billion, a PE ratio of -7.03, a price-to-earnings-growth ratio of 0.61 and a beta of 1.44.

Hedge Funds Weigh In On Foot Locker

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Foot Locker by 3.1% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 14,235 shares of the athletic footwear retailer’s stock worth $355,000 after acquiring an additional 431 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Foot Locker by 1.2% during the second quarter. Nisa Investment Advisors LLC now owns 41,541 shares of the athletic footwear retailer’s stock worth $1,035,000 after acquiring an additional 483 shares during the last quarter. Arizona State Retirement System boosted its position in Foot Locker by 2.2% in the second quarter. Arizona State Retirement System now owns 23,808 shares of the athletic footwear retailer’s stock valued at $593,000 after buying an additional 518 shares during the last quarter. Comerica Bank boosted its position in Foot Locker by 1.5% in the fourth quarter. Comerica Bank now owns 41,010 shares of the athletic footwear retailer’s stock valued at $1,277,000 after buying an additional 610 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its position in Foot Locker by 2.5% in the second quarter. SummerHaven Investment Management LLC now owns 27,671 shares of the athletic footwear retailer’s stock valued at $690,000 after buying an additional 667 shares during the last quarter.

Insider Activity at Foot Locker

In related news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of Foot Locker stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $33.22, for a total value of $17,911,559.60. Following the completion of the sale, the insider now directly owns 10,393,592 shares in the company, valued at $345,275,126.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 787,566 shares of company stock worth $26,090,866 over the last three months. 1.20% of the stock is owned by corporate insiders.

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.