Q1 2027 EPS Estimates for Foot Locker, Inc. Reduced by Zacks Research (NYSE:FL)

Foot Locker, Inc. (NYSE:FL) – Stock analysts at Zacks Research decreased their Q1 2027 earnings per share (EPS) estimates for shares of Foot Locker in a research note issued on Thursday, September 12th. Zacks Research analyst V. Bagree now anticipates that the athletic footwear retailer will post earnings per share of $0.46 for the quarter, down from their prior forecast 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.

Other equities research analysts also recently issued reports about the stock. Citigroup boosted their target price on shares of Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Robert W. Baird increased their price objective on Foot Locker from $26.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Morgan Stanley lowered Foot Locker from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $24.00 to $18.00 in a report on Thursday, July 18th. Telsey Advisory Group reiterated a “market perform” rating and set a $27.00 price target on shares of Foot Locker in a report on Wednesday, August 28th. Finally, Piper Sandler restated a “neutral” rating and set a $30.00 price objective on shares of Foot Locker in a research note on Friday, August 23rd. Four equities research 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 presently has a consensus rating of “Hold” and an average target price of $26.40.

Foot Locker Stock Performance

FL opened at $27.34 on Monday. Foot Locker has a 1-year low of $16.68 and a 1-year high of $35.60. The company has a market cap of $2.59 billion, a price-to-earnings ratio of -7.21, a PEG ratio of 0.61 and a beta of 1.44. The company’s fifty day moving average price is $28.24 and its two-hundred day moving average price is $25.67. The company has a current ratio of 1.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15.

Insider Transactions at Foot Locker

In other news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $33.22, for a total transaction of $17,911,559.60. Following the completion of the sale, the insider now owns 10,393,592 shares in the company, valued at approximately $345,275,126.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 787,566 shares of company stock worth $26,090,866 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP bought a new position in Foot Locker in the 2nd quarter worth approximately $31,000. Fifth Third Bancorp lifted its position in shares of Foot Locker by 116.0% during the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock worth $34,000 after acquiring an additional 733 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Foot Locker by 156.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock worth $40,000 after acquiring an additional 985 shares during the period. Headlands Technologies LLC purchased a new position in shares of Foot Locker in the second quarter valued at $43,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Foot Locker by 3,004.4% during the 4th 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 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.