Foot Locker Q3 EPS Forecast Boosted by Telsey Advisory Group

Foot Locker, Inc. (NYSE:FL) – Investment analysts at Telsey Advisory Group lifted their Q3 2026 earnings per share estimates for shares of Foot Locker in a report issued on Thursday, March 6th. Telsey Advisory Group analyst C. Fernandez now forecasts that the athletic footwear retailer will post earnings of $0.39 per share for the quarter, up from their prior estimate of $0.38. Telsey Advisory Group has a “Market Perform” rating and a $24.00 price objective on the stock. The consensus estimate for Foot Locker’s current full-year earnings is $1.23 per share. Telsey Advisory Group also issued estimates for Foot Locker’s 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 brokerages have also weighed in on FL. Evercore ISI lowered their price objective on Foot Locker from $30.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Guggenheim decreased their price target on Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. JPMorgan Chase & Co. decreased their price target on Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. UBS Group decreased their price target on Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Piper Sandler decreased their price target on Foot Locker from $23.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday. Four research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $23.13.

Foot Locker Price Performance

Shares of FL opened at $18.70 on Friday. Foot Locker has a twelve month low of $16.92 and a twelve month high of $33.94. The stock’s 50 day moving average is $19.72 and its two-hundred day moving average is $23.13. The firm has a market capitalization of $1.77 billion, a PE ratio of -4.15, a P/E/G ratio of 0.53 and a beta of 1.55. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, beating 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 company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the company earned $0.38 EPS. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year.

Institutional Investors Weigh In On Foot Locker

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its stake in 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 buying an additional 71,083 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 buying an additional 39,232 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in Foot Locker by 66.8% in the 4th quarter. Voloridge Investment Management LLC now owns 737,299 shares of the athletic footwear retailer’s stock valued at $16,044,000 after acquiring an additional 295,243 shares during the last quarter. Vision One Management Partners LP acquired a new position in Foot Locker in the 4th quarter valued at $1,205,000. Finally, Twinbeech Capital LP acquired a new position in Foot Locker in the 4th quarter valued at $5,715,000.

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.