Tue Sep 17 06:15:00 UTC 2024: ## Foot Locker’s Earnings Outlook Lowered by Zacks Research

**New York, NY -** Foot Locker, Inc. (NYSE: FL) saw its Q1 2027 earnings per share (EPS) estimates revised downward by Zacks Research, according to a research note released on Thursday, September 12th. Analyst V. Bagree now forecasts EPS of $0.46 for the quarter, down from the previous estimate of $0.47.

The consensus estimate for Foot Locker’s full-year earnings remains at $1.51 per share. Zacks Research also predicted Q2 2027 earnings at $0.41 EPS.

This adjustment comes amidst mixed signals from other analysts. Telsey Advisory Group maintained a “market perform” rating with a $27.00 price target, while Citigroup raised its target to $33.00 with a “neutral” rating. Evercore ISI showed optimism with an “outperform” rating and a $38.00 price target. Wedbush stuck with a “neutral” rating and a $25.00 target, while StockNews.com upgraded Foot Locker from “sell” to “hold.”

Overall, MarketBeat.com data indicates an average “Hold” rating for FL stock, with a consensus target price of $26.40.

Foot Locker’s stock opened at $26.65 on Monday, with a 50-day moving average of $28.24 and a 200-day 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. Its market cap stands at $2.53 billion.

Several institutional investors and hedge funds adjusted their positions in Foot Locker during recent quarters, with some increasing their holdings while others reduced them. Notably, a major shareholder, Vesa Equity Investment S.A R.L, sold 539,180 shares on August 26th at an average price of $33.22, for a total value of $17,911,559.60.

Foot Locker, through its subsidiaries, operates as a footwear and apparel retailer in various global markets, including North America, Europe, Australia, and Asia. The company’s brand portfolio includes Foot Locker, Kids Foot Locker, and Champs Sports.

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