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

Foot Locker, Inc. (NYSE:FL) – Analysts at Zacks Research lowered their Q1 2027 earnings estimates for shares of Foot Locker in a note issued to investors 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 previous 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.

FL has been the subject of several other research reports. StockNews.com raised Foot Locker from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Wedbush reiterated a “neutral” rating and issued a $25.00 price target on shares of Foot Locker in a research note on Wednesday, June 12th. Barclays raised shares of Foot Locker from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $27.00 to $34.00 in a report on Thursday, August 29th. Evercore ISI boosted their price objective on Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, August 26th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.00 target price on shares of Foot Locker in a research report on Wednesday, August 28th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Foot Locker currently has a consensus rating of “Hold” and a consensus target price of $26.40.

Foot Locker Trading Up 2.5 %

Shares of Foot Locker stock opened at $27.34 on Monday. The stock has a market cap of $2.59 billion, a P/E ratio of -7.21, a P/E/G ratio of 0.61 and a beta of 1.44. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. Foot Locker has a 12-month low of $16.68 and a 12-month high of $35.60. The business’s 50 day moving average is $28.24 and its 200-day moving average is $25.67.

Institutional Trading of Foot Locker

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Foot Locker during the 2nd quarter worth approximately $61,000. Dana Investment Advisors Inc. grew its holdings in Foot Locker by 34.3% in the second quarter. Dana Investment Advisors Inc. now owns 115,480 shares of the athletic footwear retailer’s stock worth $2,878,000 after purchasing an additional 29,522 shares during the period. Point72 Asset Management L.P. acquired a new stake in Foot Locker in the second quarter worth $10,005,000. Quarry LP bought a new stake in Foot Locker in the second quarter valued at $31,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Foot Locker by 156.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock valued at $40,000 after purchasing an additional 985 shares during the period.

Insider Transactions at Foot Locker

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 246,886 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $32.93, for a total value of $8,129,955.98. Following the completion of the transaction, the insider now directly owns 11,146,292 shares in the company, valued at approximately $367,047,395.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 787,566 shares of company stock worth $26,090,866. Insiders own 1.20% of the company’s stock.

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.