Foot Locker (NYSE:FL) Given “Neutral” Rating at Wedbush

Wedbush reaffirmed their neutral rating on shares of Foot Locker (NYSE:FL) in a report published on Wednesday, Benzinga reports. They currently have a $25.00 target price on the athletic footwear retailer’s stock. Wedbush also issued estimates for Foot Locker’s Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at $0.65 EPS and Q4 2025 earnings at $0.81 EPS.

A number of other equities research analysts also recently issued reports on the stock. Telsey Advisory Group reissued a market perform rating and issued a $26.00 price target on shares of Foot Locker in a research note on Thursday, May 30th. Barclays raised their price objective on shares of Foot Locker from $22.00 to $27.00 and gave the company an equal weight rating in a report on Friday, May 31st. Piper Sandler reduced their price objective on shares of Foot Locker from $37.00 to $31.00 and set an overweight rating on the stock in a report on Thursday, March 7th. Morgan Stanley boosted their price target on shares of Foot Locker from $20.00 to $24.00 and gave the company an equal weight rating in a research report on Friday, May 31st. Finally, Jefferies Financial Group reduced their price target on shares of Foot Locker from $25.00 to $24.00 and set a hold rating for the company in a research report on Wednesday, March 6th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $24.81.

Foot Locker Stock Performance

FL opened at $24.11 on Wednesday. The firm has a market capitalization of $2.28 billion, a PE ratio of -6.36, a PEG ratio of 0.59 and a beta of 1.47. Foot Locker has a twelve month low of $14.84 and a twelve month high of $35.60. The firm’s 50-day moving average price is $23.26 and its 200 day moving average price is $26.89. The company has a current ratio of 1.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Thursday, May 30th. The athletic footwear retailer reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.10. Foot Locker had a negative net margin of 4.41% and a positive return on equity of 2.91%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business posted $0.70 earnings per share. Foot Locker’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts expect that Foot Locker will post 1.55 EPS for the current fiscal year.

Institutional Trading of Foot Locker

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Foot Locker by 9.6% in the third quarter. Vanguard Group Inc. now owns 10,292,817 shares of the athletic footwear retailer’s stock valued at $178,580,000 after purchasing an additional 902,610 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Foot Locker by 9.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 954,663 shares of the athletic footwear retailer’s stock valued at $29,738,000 after purchasing an additional 81,684 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Foot Locker by 326.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 921,273 shares of the athletic footwear retailer’s stock valued at $26,256,000 after purchasing an additional 705,237 shares during the period. Invenomic Capital Management LP lifted its stake in shares of Foot Locker by 54.3% in the first quarter. Invenomic Capital Management LP now owns 752,320 shares of the athletic footwear retailer’s stock valued at $21,441,000 after purchasing an additional 264,598 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Foot Locker by 110.4% in the third quarter. AQR Capital Management LLC now owns 731,256 shares of the athletic footwear retailer’s stock valued at $12,687,000 after purchasing an additional 383,724 shares during the period.

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.