Q2 EPS Estimates for Foot Locker Lowered by Zacks Research

Foot Locker, Inc. (NYSE:FL) – Stock analysts at Zacks Research dropped their Q2 2026 earnings estimates for shares of Foot Locker in a note issued to investors on Wednesday, March 19th. Zacks Research analyst R. Department now anticipates that the athletic footwear retailer will post earnings per share of $0.15 for the quarter, down from their previous forecast of $0.21. The consensus estimate for Foot Locker’s current full-year earnings is $1.23 per share. Zacks Research also issued estimates for Foot Locker’s Q3 2026 earnings at $0.40 EPS, FY2026 earnings at $1.42 EPS, Q3 2027 earnings at $0.48 EPS, FY2027 earnings at $1.62 EPS and FY2028 earnings at $1.90 EPS.

Foot Locker (NYSE:FL) last posted its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s revenue was down 5.7% compared to the same quarter last year.

Several other research firms also recently commented on FL. UBS Group reduced their price target on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Barclays set a $24.00 target price on shares of Foot Locker in a report on Wednesday, March 5th. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 price target on shares of Foot Locker in a report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Williams Trading upgraded Foot Locker from a “sell” rating to a “hold” rating and lifted their target price for the company from $17.00 to $21.00 in a research note on Wednesday, November 27th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.81.

Foot Locker Price Performance

Shares of NYSE FL opened at $16.13 on Friday. The stock has a market cap of $1.53 billion, a P/E ratio of -3.58, a P/E/G ratio of 0.53 and a beta of 1.55. Foot Locker has a twelve month low of $14.98 and a twelve month high of $33.94. The stock has a 50 day moving average of $18.70 and a two-hundred day moving average of $22.06. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its holdings 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 worth $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 boosted its position in Foot Locker by 17.5% during the fourth 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 worth $5,733,000 after purchasing an additional 39,232 shares in the last quarter. Voloridge Investment Management LLC grew its holdings 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 last quarter. Vision One Management Partners LP purchased a new position in shares of Foot Locker in the fourth quarter valued at $1,205,000. Finally, Twinbeech Capital LP acquired a new position in shares of Foot Locker during the 4th quarter worth $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.