Q2 2024 EPS Estimates for Foot Locker, Inc. (NYSE:FL) Decreased by Analyst

Foot Locker, Inc. (NYSE:FL – Get Rating) – Stock analysts at Telsey Advisory Group reduced their Q2 2024 EPS estimates for Foot Locker in a research note issued on Monday, May 22nd. Telsey Advisory Group analyst C. Fernandez now forecasts that the athletic footwear retailer will earn $0.03 per share for the quarter, down from their prior forecast of $0.56. Telsey Advisory Group has a “Outperform” rating and a $50.00 price objective on the stock. The consensus estimate for Foot Locker’s current full-year earnings is $2.10 per share. Telsey Advisory Group also issued estimates for Foot Locker’s Q3 2024 earnings at $0.75 EPS, Q4 2024 earnings at $0.64 EPS, FY2024 earnings at $2.12 EPS, Q2 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.78 EPS and FY2025 earnings at $3.35 EPS.

FL has been the topic of several other research reports. Seaport Res Ptn reissued a “neutral” rating on shares of Foot Locker in a report on Tuesday, March 14th. Wedbush restated a “neutral” rating on shares of Foot Locker in a report on Tuesday, March 21st. Morgan Stanley reduced their target price on shares of Foot Locker from $33.00 to $30.00 in a report on Monday. Citigroup lowered shares of Foot Locker from a “buy” rating to a “neutral” rating and reduced their target price for the company from $48.00 to $30.00 in a report on Monday. Finally, Guggenheim dropped their target price on Foot Locker from $60.00 to $50.00 in a report on Monday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Foot Locker currently has a consensus rating of “Hold” and an average target price of $38.80.

Foot Locker Trading Down 1.3 %

Shares of Foot Locker stock opened at $25.82 on Wednesday. Foot Locker has a 12-month low of $23.85 and a 12-month high of $47.22. The company has a current ratio of 1.62, a quick ratio of 0.46 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 10.01 and a beta of 1.23. The company has a fifty day simple moving average of $39.14 and a 200-day simple moving average of $39.39.

Foot Locker (NYSE:FL – Get Rating) last posted its quarterly earnings results on Friday, May 19th. The athletic footwear retailer reported $0.70 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.08). The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. Foot Locker had a return on equity of 11.77% and a net margin of 2.88%. The business’s revenue was down 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 EPS.

Foot Locker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.20%. The ex-dividend date is Thursday, July 13th. Foot Locker’s dividend payout ratio is 62.02%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. bought a new position in Foot Locker during the 1st quarter worth $611,000. HighTower Advisors LLC boosted its stake in shares of Foot Locker by 4.9% in the 1st quarter. HighTower Advisors LLC now owns 14,934 shares of the athletic footwear retailer’s stock valued at $443,000 after purchasing an additional 704 shares during the last quarter. AlphaCrest Capital Management LLC grew its stake in Foot Locker by 19.4% during the first quarter. AlphaCrest Capital Management LLC now owns 13,103 shares of the athletic footwear retailer’s stock worth $389,000 after purchasing an additional 2,125 shares during the period. MetLife Investment Management LLC boosted its stake in Foot Locker by 29.0% during the first quarter. MetLife Investment Management LLC now owns 56,469 shares of the athletic footwear retailer’s stock worth $1,675,000 after acquiring an additional 12,703 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Foot Locker by 6.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,002 shares of the athletic footwear retailer’s stock worth $949,000 after acquiring an additional 2,059 shares in the last quarter. 95.06% of the stock is currently owned by institutional investors and hedge funds.

Foot Locker Company Profile

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Foot Locker, Inc engages in the retail of athletic shoes and apparel. The firm uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates through following segments: North America, EMEA (Europe, Middle East, and Africa, and Asia Pacific.