Foot Locker (NYSE:FL) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Foot Locker (NYSE:FL) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $24.00 price target on the athletic footwear retailer’s stock. Telsey Advisory Group also issued estimates for Foot Locker’s Q3 2026 earnings at $0.39 EPS, Q4 2026 earnings at $0.93 EPS, Q1 2027 earnings at $0.17 EPS, Q3 2027 earnings at $0.47 EPS and FY2027 earnings at $1.75 EPS.

A number of other equities research analysts have also issued reports on the stock. Evercore ISI reduced their target price on shares of Foot Locker from $30.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Morgan Stanley decreased their target price on Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Friday, December 6th. Barclays decreased their target price on Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Jefferies Financial Group decreased their target price on Foot Locker from $27.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group decreased their target price on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $23.13.

Foot Locker Price Performance

Foot Locker stock opened at $18.70 on Wednesday. The company’s 50 day simple moving average is $19.81 and its 200-day simple moving average is $23.30. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -4.15, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. Foot Locker has a 1 year low of $16.92 and a 1 year high of $33.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business’s revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. As a group, equities research analysts expect that Foot Locker will post 1.23 earnings per share for the current year.

Institutional Trading of Foot Locker

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted 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 valued at $2,438,000 after purchasing an additional 71,083 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Foot Locker by 17.5% in the 4th 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 valued at $5,733,000 after acquiring an additional 39,232 shares during the period. Voloridge Investment Management LLC increased its position in Foot Locker by 66.8% during the 4th quarter. Voloridge Investment Management LLC now owns 737,299 shares of the athletic footwear retailer’s stock worth $16,044,000 after purchasing an additional 295,243 shares during the period. Vision One Management Partners LP acquired a new position in Foot Locker during the 4th quarter worth approximately $1,205,000. Finally, Twinbeech Capital LP acquired a new position in Foot Locker during the 4th quarter worth approximately $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.