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

Foot Locker, Inc. (NYSE:FL) – Zacks Research lowered their Q1 2027 EPS estimates for shares of Foot Locker in a note issued to investors on Thursday, September 12th. Zacks Research analyst V. Bagree now expects that the athletic footwear retailer will post earnings of $0.46 per share 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.

A number of other equities analysts have also weighed in on FL. Barclays raised Foot Locker from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $27.00 to $34.00 in a research report on Thursday, August 29th. Robert W. Baird boosted their target price on Foot Locker from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Evercore ISI boosted their target price on Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, August 26th. StockNews.com raised Foot Locker from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Finally, Morgan Stanley lowered shares of Foot Locker from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $24.00 to $18.00 in a research report on Thursday, July 18th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.40.

Foot Locker Price Performance

Shares of NYSE:FL opened at $26.65 on Monday. Foot Locker has a fifty-two week low of $16.68 and a fifty-two week high of $35.60. The business has a 50-day simple moving average of $28.24 and a two-hundred day simple moving average of $25.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.66. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of -7.03, a price-to-earnings-growth ratio of 0.61 and a beta of 1.44.

Insiders Place Their Bets

In other Foot Locker 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 sale, the insider now owns 10,393,592 shares in the company, valued at approximately $345,275,126.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 787,566 shares of company stock worth $26,090,866. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Foot Locker

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

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.