Q3 EPS Estimates for Foot Locker Reduced by Analyst

Foot Locker, Inc. (NYSE:FL) – Research analysts at Telsey Advisory Group cut their Q3 2026 earnings per share estimates for Foot Locker in a research report issued to clients and investors on Wednesday, August 27th. Telsey Advisory Group analyst C. Fernandez now expects that the athletic footwear retailer will earn $0.27 per share for the quarter, down from their prior forecast of $0.32. Telsey Advisory Group currently has a “Market Perform” rating and a $24.00 target price 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 $0.77 EPS, Q1 2027 earnings at $0.04 EPS, Q3 2027 earnings at $0.32 EPS and Q4 2027 earnings at $0.79 EPS.

Foot Locker (NYSE:FL) last issued its earnings results on Wednesday, August 27th. The athletic footwear retailer reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.32). Foot Locker had a positive return on equity of 2.92% and a negative net margin of 4.90%.The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company earned ($0.05) earnings per share. Foot Locker’s revenue for the quarter was down 2.3% compared to the same quarter last year.

A number of other research analysts also recently issued reports on the company. Morgan Stanley reduced their price objective on Foot Locker from $16.00 to $14.00 and set an “underweight” rating for the company in a research note on Tuesday, May 6th. Barclays downgraded Foot Locker from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. upgraded Foot Locker from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $16.00 to $24.00 in a research note on Thursday, May 15th. Robert W. Baird upped their price target on Foot Locker from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Citigroup upped their price target on Foot Locker from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.33.

Foot Locker Trading Down 1.4%

Shares of Foot Locker stock opened at $24.72 on Friday. The stock has a fifty day simple moving average of $25.18 and a 200 day simple moving average of $20.07. Foot Locker has a 12-month low of $11.00 and a 12-month high of $31.43. The company has a market capitalization of $2.36 billion, a P/E ratio of -6.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.75. The company has a current ratio of 1.59, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17.

Insider Activity at Foot Locker

In other news, CAO Giovanna Cipriano sold 22,383 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total value of $557,336.70. Following the completion of the transaction, the chief accounting officer owned 93,895 shares in the company, valued at $2,337,985.50. This trade represents a 19.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FL. Norges Bank bought a new stake in Foot Locker during the second quarter valued at about $37,975,000. Alliancebernstein L.P. grew its holdings in Foot Locker by 1,249.5% during the second quarter. Alliancebernstein L.P. now owns 1,510,886 shares of the athletic footwear retailer’s stock valued at $37,017,000 after purchasing an additional 1,398,924 shares during the period. AQR Arbitrage LLC bought a new stake in Foot Locker during the second quarter valued at about $29,349,000. Man Group plc grew its holdings in Foot Locker by 890.3% during the second quarter. Man Group plc now owns 1,047,369 shares of the athletic footwear retailer’s stock valued at $25,661,000 after purchasing an additional 941,601 shares during the period. Finally, P Schoenfeld Asset Management LP bought a new stake in Foot Locker during the second quarter valued at about $19,562,000.

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.