---
title: "Zacks Research Has Negative View of Foot Locker Q2 Earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/232824963.md"
description: "Zacks Research has downgraded its Q2 2026 earnings per share estimate for Foot Locker, Inc. (NYSE:FL) from $0.21 to $0.15. The consensus estimate for the full year is $1.23 per share. Other analysts have also lowered their price targets, with Goldman Sachs setting a target of $22.00 and Morgan Stanley at $16.00. Foot Locker reported $0.86 EPS for the last quarter, exceeding estimates, but revenue fell 5.7% year-over-year. The stock is currently trading at $16.07, with an average rating of \"Hold\" and a consensus target price of $22.81."
datetime: "2025-03-22T11:20:28.000Z"
locales:
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  - [en](https://longbridge.com/en/news/232824963.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/232824963.md)
---

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# 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

(Get Free Report)

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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_This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com._

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