Zacks Research Has Negative View of Foot Locker Q1 Earnings

Foot Locker, Inc. (NYSE:FL) – Investment analysts at Zacks Research decreased their Q1 2026 earnings per share (EPS) estimates for shares of Foot Locker in a report issued on Wednesday, March 19th. Zacks Research analyst R. Department now expects that the athletic footwear retailer will post earnings per share of ($0.01) for the quarter, down from their previous forecast of $0.36. The consensus estimate for Foot Locker’s current full-year earnings is $1.23 per share. Zacks Research also issued estimates for Foot Locker’s Q4 2026 earnings at $0.88 EPS, Q1 2027 earnings at $0.07 EPS, Q2 2027 earnings at $0.20 EPS and Q4 2027 earnings at $0.87 EPS.

FL has been the topic of a number of other research reports. UBS Group reduced their price target on Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. The Goldman Sachs Group decreased their price target on Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $24.00 price target on shares of Foot Locker in a research note on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective on shares of Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Finally, Barclays set a $24.00 target price on shares of Foot Locker in a research report on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $22.81.

Foot Locker Stock Down 2.2 %

Shares of FL opened at $15.68 on Monday. 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 has a 12 month low of $14.98 and a 12 month high of $33.94. The firm’s 50 day moving average is $18.49 and its 200-day moving average is $21.86. The stock has a market capitalization of $1.49 billion, a PE ratio of -3.48, a P/E/G ratio of 0.53 and a beta of 1.55.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the firm earned $0.38 earnings per share. Foot Locker’s revenue for the quarter was down 5.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FL. Allspring Global Investments Holdings LLC lifted its holdings in shares of Foot Locker by 88.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock worth $115,365,000 after purchasing an additional 2,500,396 shares during the period. Cramer Rosenthal Mcglynn LLC bought a new position in Foot Locker during the 4th quarter worth $34,835,000. Cooper Creek Partners Management LLC bought a new position in Foot Locker during the 4th quarter worth $30,416,000. Segall Bryant & Hamill LLC acquired a new position in Foot Locker during the 4th quarter worth about $18,640,000. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Foot Locker by 67.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer’s stock valued at $41,483,000 after buying an additional 770,932 shares during 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.