Zacks Research Has Negative View of Foot Locker Q2 Earnings

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Foot Locker, Inc. (NYSE:FL - Free Report) - Stock analysts at Zacks Research reduced their Q2 2026 earnings per share estimates for shares of Foot Locker in a research note issued on Wednesday, March 19th. Zacks Research analyst R. Department now forecasts that the athletic footwear retailer will post earnings of $0.15 per share for the quarter, down from their previous estimate of $0.21. 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 Q3 2026 earnings at $0.40 EPS, FY2026 earnings at $1.42 EPS, Q3 2027 earnings at $0.48 EPS, FY2027 earnings at $1.62 EPS and FY2028 earnings at $1.90 EPS.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The firm's quarterly revenue was down 5.7% on a year-over-year basis.

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Other research analysts have also issued research reports about the stock. The Goldman Sachs Group dropped their price objective on shares of Foot Locker from $25.00 to $22.00 and set a "sell" rating on the stock in a research note on Thursday, December 5th. Morgan Stanley reduced their price objective on Foot Locker from $17.00 to $16.00 and set an "underweight" rating for the company in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $24.00 target price on shares of Foot Locker in a research report on Wednesday, March 5th. Evercore ISI cut their price target on Foot Locker from $30.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Finally, Guggenheim lowered their price target on Foot Locker from $34.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $22.81.

View Our Latest Research Report on FL

Foot Locker Stock Down 2.8 %

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Shares of Foot Locker stock opened at $16.07 on Friday. The company has a market cap of $1.53 billion, a P/E ratio of -3.56, a P/E/G ratio of 0.53 and a beta of 1.55. Foot Locker has a 1 year low of $14.98 and a 1 year high of $33.94. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $18.79 and a 200 day moving average price of $22.21.

Hedge Funds Weigh In On Foot Locker

Large investors have recently made changes to their positions in the business. Natixis Advisors LLC increased its position in Foot Locker by 8.9% in the 3rd quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer's stock worth $332,000 after buying an additional 1,054 shares during the period. Quest Partners LLC bought a new stake in Foot Locker in the 3rd quarter valued at $358,000. Intech Investment Management LLC acquired a new stake in Foot Locker in the 3rd quarter worth $829,000. Landscape Capital Management L.L.C. increased its holdings in shares of Foot Locker by 3.2% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 115,570 shares of the athletic footwear retailer's stock worth $2,986,000 after purchasing an additional 3,593 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Foot Locker by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer's stock valued at $28,775,000 after buying an additional 38,318 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.

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