Foot Locker (NYSE:FL) Issues Quarterly Earnings Results

Foot Locker (NYSE:FL) announced its quarterly earnings data on Wednesday. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.13, Zacks reports. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. Foot Locker updated its FY 2025 guidance to 1.350-1.650 EPS and its FY26 guidance to $1.35-1.65 EPS.

Foot Locker Price Performance

Shares of FL opened at $18.25 on Thursday. The firm has a market capitalization of $1.73 billion, a PE ratio of -4.05, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. Foot Locker has a 1-year low of $16.92 and a 1-year high of $33.94. The company’s fifty day moving average price is $19.91 and its 200-day moving average price is $23.33.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 price target on shares of Foot Locker in a research note on Wednesday. Piper Sandler decreased their price target on shares of Foot Locker from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, December 2nd. Evercore ISI reduced their price objective on shares of Foot Locker from $30.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday. Barclays reduced their price objective on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Finally, The Goldman Sachs Group reduced their price objective on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $24.18.

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.