Williams Trading Maintains Foot Locker (FL) at Hold

Foot Locker (FL) PT Lowered to $22 at UBS

UBS analyst Jay Sole lowered the price target on Foot Locker (NYSE: FL) to $22.00 (from $26.00) while maintaining a Neutral rating.... More

Foot Locker (FL) PT Lowered to $28 at Guggenheim

(Updated - December 5, 2024 7:08 AM EST)

Guggenheim analyst Robert Drbul lowered the price target on Foot Locker (NYSE: FL) to $28.00 (from $34.00) while maintaining a Buy rating.

The analyst commented: "FL reported 3Q24 adjusted diluted EPS of $0.33, 7 cents below our estimate. Total comps of +2.4% (second quarter of positive comp growth in a row) came in below our +2.8% estimate, as solid back-to-school/August comp trends (up HSD%) were followed by softer demand in... More

Foot Locker (FL) PT Lowered to $24 at Baird

(Updated - December 5, 2024 6:55 AM EST)

Baird analyst Jonathan R. Komp lowered the price target on Foot Locker (NYSE: FL) to $24.00 (from $27.00) while maintaining a Neutral rating.

The analyst commented: "Maintaining Neutral rating, lowering estimates, price target to $24 (~10.5X NTM... More

Foot Locker (FL) PT Lowered to $22 at Goldman Sachs

Goldman Sachs analyst Kate McShane lowered the price target on Foot Locker (NYSE: FL) to $22.00 (from $25.00) while maintaining a Sell rating.... More

Foot Locker (FL) PT Lowered to $24 at Gordon Haskett

Gordon Haskett analyst Eric Cohen lowered the price target on Foot Locker (NYSE: FL) to $24.00 (from $27.00) while maintaining a Accumulate (2) rating.... More

Foot Locker (FL) PT Lowered to $22 at Jefferies

Jefferies analyst Corey Tarlowe lowered the price target on Foot Locker (NYSE: FL) to $22.00 (from $27.00) while maintaining a Hold rating.

The analyst comments "FL's 3Q results underperformed Street expectations across the board. Mgmt noted strong BTS and Holiday seasons, controlled inventories, and... More

Foot Locker to emphasize newer Nike styles at stores amid soft demand for its shoes

By Ananya Mariam Rajesh and Nicholas P. Brown

(Reuters) - Foot Locker executives said on Wednesday they are working closely with Nike to emphasize its newer styles, including Vomero and Air DT Max shoe models, amid "softness" in demand for the sneaker giant's products as the holiday shopping season begins.

"We'll work through some of this short-term turbulence and play the long game for sure," said Foot Locker Chief Commercial Officer Frank Bracken on a call with investors.

In both 2022 and 2023, Foot Locker purchased 65% of its athletic merchandise from one major supplier: Nike. But in recent... More

Foot Locker (FL) PT Lowered to $23 at JPMorgan

JPMorgan analyst Matthew R. Boss lowered the price target on Foot Locker (NYSE: FL) to $23.00 (from $27.00) while maintaining a Underweight rating.

The analyst comments "FL reported 3Q24 adj. EPS of $0.33 (20% below the Street at $0.41) driven by a 500bps gross-profit dollar growth miss (7%... More

Nike (NKE) Trades Lower in Sympathy with Foot Locker (FL)

Nike (NYSE: NKE) Trades Lower in Sympathy with Foot Locker (NYSE: FL)

Foot Locker shares tumble on guidance cut, disappointing Q3 results

Foot Locker (NYSE: FL) saw its shares tumble more than 9% in premarket trading Wednesday after the company cut its annual earnings and sales forecast.

For the fiscal third quarter, the footwear retailer posted earnings per share (EPS) of $0.33, missing analyst expectations of $0.42.

Revenue... More

Foot Locker (FL) Misses Q3 EPS by 9c; cuts guidance

Foot Locker (NYSE: FL) reported Q3 EPS of $0.33, $0.09 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $1.96 billion versus the consensus estimate of $2.02 billion.

GUIDANCE:

Foot Locker sees Q4 2024 EPS of $0.70-$0.80, versus the consensus of... More

Foot Locker is about to report earnings. Here’s what to know

Foot Locker is preparing to release its third-quarter 2024 earnings on Wednesday, with analysts and investors watching closely to gauge the companys performance in a shifting retail environment.

Analysts at Telsey Advisory Group expect the report to showcase a mix of encouraging developments and ongoing challenges, reflecting both internal strategic shifts and external market pressures.

As per TAG, Foot Locker is projected to post a 3.5% growth in same-store sales, slightly ahead of the FactSet consensus of 3.2%.

This would mark the second consecutive quarter of positive... More

Foot Locker (FL) option IV into quarter results

Foot Locker (NYSE: FL) December 6 weekly call option implied volatility is at 227, December is at 110; compared to its 52-week range of 39 to 98 into the expected release of quarter results before the bell on December 4.