Zacks Research Forecasts Lower Earnings for Foot Locker

Foot Locker, Inc. (NYSE:FL) – Stock analysts at Zacks Research dropped their Q1 2026 earnings per share (EPS) estimates for Foot Locker in a research report issued on Wednesday, March 19th. Zacks Research analyst R. Department now expects that the athletic footwear retailer will post earnings of ($0.01) per share for the quarter, down from their previous estimate of $0.36. 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 Q4 2026 earnings at $0.88 EPS, Q1 2027 earnings at $0.07 EPS, Q2 2027 earnings at $0.20 EPS and Q4 2027 earnings at $0.87 EPS.

Foot Locker (NYSE:FL) last announced its quarterly 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 period in the previous year, the firm earned $0.38 EPS. The business’s quarterly revenue was down 5.7% on a year-over-year basis.

Several other research analysts have also recently weighed in on the company. Williams Trading upgraded Foot Locker from a “sell” rating to a “hold” rating and boosted their price target for the stock from $17.00 to $21.00 in a research note on Wednesday, November 27th. Evercore ISI decreased their price objective on shares of Foot Locker from $30.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Robert W. Baird dropped their price objective on shares of Foot Locker from $24.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. UBS Group cut their target price on Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Foot Locker currently has a consensus rating of “Hold” and an average target price of $22.81.

Foot Locker Stock Performance

Shares of FL opened at $16.03 on Monday. The firm has a market capitalization of $1.52 billion, a PE ratio of -3.55, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. The company has a 50-day simple moving average of $18.59 and a two-hundred day simple moving average of $21.93. Foot Locker has a one year low of $14.98 and a one year high of $33.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45.

Institutional Trading of Foot Locker

Hedge funds have recently made changes to their positions in the company. Natixis Advisors LLC boosted its position in Foot Locker by 8.9% during the 3rd quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer’s stock valued at $332,000 after buying an additional 1,054 shares during the period. Quest Partners LLC purchased a new stake in shares of Foot Locker during the 3rd quarter valued at about $358,000. Intech Investment Management LLC bought a new position in Foot Locker in the 3rd quarter worth $829,000. Charles Schwab Investment Management Inc. boosted its position in shares of Foot Locker by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock worth $28,775,000 after purchasing an additional 38,318 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Foot Locker during the 3rd quarter valued at approximately $282,000.

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.