Foot Locker (FL) Stock Forecast, Price Target & Predictions
FL Stock Forecast
Foot Locker stock forecast is as follows: an average price target of $29.63 (represents a 13.26% upside from FL’s last price of $26.16) and a rating consensus of 'Hold', based on 20 wall street analysts offering a 1-year stock forecast.
FL Price Target
The average price target for Foot Locker (FL) is $29.63 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $15.00. This represents a potential 13.26% upside from FL's last price of $26.16.
FL Analyst Ratings
According to 20 Wall Street analysts, Foot Locker's rating consensus is 'Hold'. The analyst rating breakdown for FL stock is 0 'Strong Buy' (0.00%), 6 'Buy' (30.00%), 10 'Hold' (50.00%), 4 'Sell' (20.00%), and 0 'Strong Sell' (0.00%).
Foot Locker Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 29, 2024 | Adrienne Yih | Barclays | $34.00 | $29.45 | 15.45% | 29.97% |
| Aug 28, 2024 | Tom Nikic | Wedbush | $25.00 | $32.81 | -23.80% | -4.43% |
| May 31, 2024 | Corey Tarlowe | Jefferies | $26.00 | $26.23 | -0.88% | -0.61% |
| May 31, 2024 | Adrienne Yih | Barclays | $27.00 | $25.89 | 4.29% | 3.21% |
| May 30, 2024 | Cristina Fernandez | Telsey Advisory | $27.00 | $25.89 | 4.29% | 3.21% |
| May 30, 2024 | Michael Binetti | Evercore ISI | $34.00 | $26.62 | 27.72% | 29.97% |
| May 23, 2024 | Cristina Fernandez | Telsey Advisory | $26.00 | $22.82 | 13.94% | -0.61% |
| May 06, 2024 | Alex Straton | Morgan Stanley | $20.00 | $21.81 | -8.30% | -23.55% |
| Mar 25, 2024 | Michael Binetti | Evercore ISI | $32.00 | $26.03 | 22.94% | 22.32% |
| Mar 11, 2024 | Jay Sole | UBS | $23.00 | $24.15 | -4.76% | -12.08% |
The latest Foot Locker stock forecast, released on Aug 29, 2024 by Adrienne Yih from Barclays, set a price target of $34.00, which represents a 15.45% increase from the stock price at the time of the forecast ($29.45), and a 29.97% increase from FL last price ($26.16).
Foot Locker Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 16 |
| Avg Price Target | $29.50 | $29.50 | $24.50 |
| Last Closing Price | $26.16 | $26.16 | $26.16 |
| Upside/Downside | 12.77% | 12.77% | -6.35% |
In the current month, the average price target of Foot Locker stock is $29.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 12.77% increase as opposed to Foot Locker's last price of $26.16. This month's average price target is down 0.00% compared to last quarter, and up 20.41% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 29, 2024 | Barclays | Equal-Weight | Overweight | Upgrade |
| Aug 26, 2024 | Needham | Neutral | Neutral | Hold |
| Aug 26, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Aug 20, 2024 | Telsey Advisory | Underperform | Underperform | Hold |
| Aug 20, 2024 | Wedbush | Market Perform | Market Perform | Hold |
| Aug 20, 2024 | Citigroup | Neutral | Neutral | Hold |
| Aug 09, 2024 | OTR Global | Mixed | Positive | Upgrade |
| Jul 18, 2024 | Telsey Advisory | Underperform | Underperform | Hold |
| Jul 18, 2024 | Wedbush | Market Perform | Market Perform | Hold |
| Jul 18, 2024 | Morgan Stanley | Equal-Weight | Underweight | Downgrade |
Foot Locker's last stock rating was published by Barclays on Aug 29, 2024. The company Upgrade its FL rating from "Equal-Weight" to "Overweight".
Foot Locker Financial Forecast
Foot Locker Revenue Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $1.99B | $1.86B | - | $2.34B | $2.17B | - | - | - | - | - | $2.15B | - | - | $2.08B | $1.18B | $2.22B | $1.93B | $1.77B | $2.08B | $2.27B | $2.02B |
| Avg Forecast | $2.44B | $2.08B | $1.95B | $1.93B | $2.35B | $2.02B | $1.89B | $1.88B | $2.28B | $1.96B | $1.88B | $1.99B | $2.15B | $2.09B | $2.06B | $2.20B | $2.32B | $2.14B | $2.10B | $1.90B | $2.29B | $1.95B | $2.08B | $1.36B | $2.24B | $1.94B | $1.82B | $2.11B | $2.18B | $2.19B |
| High Forecast | $2.50B | $2.12B | $1.99B | $1.98B | $2.40B | $2.04B | $1.93B | $1.93B | $2.33B | $1.99B | $1.92B | $2.03B | $2.19B | $2.14B | $2.11B | $2.24B | $2.36B | $2.18B | $2.13B | $1.93B | $2.33B | $1.98B | $2.11B | $1.38B | $2.28B | $1.97B | $1.85B | $2.15B | $2.22B | $2.63B |
| Low Forecast | $2.38B | $2.02B | $1.90B | $1.88B | $2.26B | $2.00B | $1.84B | $1.83B | $2.22B | $1.93B | $1.83B | $1.94B | $2.09B | $2.04B | $2.02B | $2.18B | $2.29B | $2.12B | $2.07B | $1.88B | $2.26B | $1.93B | $2.05B | $1.34B | $2.21B | $1.91B | $1.80B | $2.09B | $2.16B | $1.75B |
| # Analysts | 5 | 7 | 4 | 4 | 11 | 11 | 5 | 5 | 6 | 12 | 6 | 6 | 6 | 9 | 10 | 9 | 9 | 6 | 6 | 6 | 6 | 17 | 9 | 9 | 10 | 10 | 14 | 8 | 8 | 19 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.02% | 0.99% | - | 1.09% | 1.04% | - | - | - | - | - | 1.13% | - | - | 1.00% | 0.86% | 0.99% | 1.00% | 0.97% | 0.98% | 1.04% | 0.92% |
Foot Locker's average Quarter revenue forecast for Jan 24 based on 6 analysts is $2.28B, with a low forecast of $2.22B, and a high forecast of $2.33B. FL's average Quarter revenue forecast represents a 14.65% increase compared to the company's last Quarter revenue of $1.99B (Oct 23).
Foot Locker EBITDA Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 7 | 4 | 4 | 11 | 11 | 5 | 5 | 6 | 12 | 6 | 6 | 6 | 9 | 10 | 9 | 9 | 6 | 6 | 6 | 6 | 17 | 9 | 9 | 10 | 10 | 14 | 8 | 8 | 19 |
| EBITDA | - | - | - | - | - | - | - | - | - | $102.00M | $65.00M | - | $175.00M | $218.00M | - | - | - | - | - | $332.00M | - | - | $118.00M | $-58.00M | $229.00M | $218.00M | $132.00M | $280.00M | $274.00M | $277.00M |
| Avg Forecast | $265.69M | $225.77M | $212.01M | $210.31M | $256.01M | $219.98M | $205.39M | $213.51M | $247.96M | $213.08M | $204.33M | $194.10M | $233.37M | $597.04M | $224.50M | $239.19M | $178.85M | $542.77M | $228.09M | $176.33M | $413.67M | $212.17M | $226.06M | $147.86M | $243.71M | $210.70M | $198.28M | $242.69M | $237.44M | $29.76M |
| High Forecast | $271.44M | $230.65M | $216.60M | $214.86M | $261.41M | $222.16M | $209.83M | $256.22M | $253.32M | $216.34M | $208.75M | $232.93M | $238.41M | $716.45M | $229.35M | $243.06M | $214.62M | $651.32M | $231.63M | $211.60M | $496.40M | $215.46M | $229.56M | $150.16M | $247.49M | $213.97M | $201.36M | $291.22M | $241.12M | $35.71M |
| Low Forecast | $258.46M | $219.62M | $206.24M | $204.58M | $245.21M | $217.80M | $199.80M | $170.81M | $241.21M | $209.82M | $198.77M | $155.28M | $227.01M | $477.63M | $220.05M | $237.12M | $143.08M | $434.21M | $225.27M | $141.07M | $330.93M | $209.55M | $223.27M | $146.04M | $240.70M | $208.10M | $195.83M | $194.15M | $234.51M | $23.81M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.48% | 0.32% | - | 0.75% | 0.37% | - | - | - | - | - | 1.88% | - | - | 0.52% | -0.39% | 0.94% | 1.03% | 0.67% | 1.15% | 1.15% | 9.31% |
6 analysts predict FL's average Quarter EBITDA for Jan 24 to be $247.96M, with a high of $253.32M and a low of $241.21M. This is 143.10% upper than Foot Locker's previous annual EBITDA (Oct 23) of $102.00M.
Foot Locker Net Income Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 7 | 4 | 4 | 11 | 11 | 5 | 5 | 6 | 12 | 6 | 6 | 6 | 9 | 10 | 9 | 9 | 6 | 6 | 6 | 6 | 17 | 9 | 9 | 10 | 10 | 14 | 8 | 8 | 19 |
| Net Income | - | - | - | - | - | - | - | - | - | $28.00M | $-5.00M | - | $19.00M | $96.00M | - | - | - | - | - | $202.00M | - | - | $45.00M | $-110.00M | $134.00M | $125.00M | $60.00M | $172.00M | $158.00M | $165.00M |
| Avg Forecast | $93.44M | $56.97M | $17.29M | $44.34M | $85.87M | $44.12M | $-7.09M | $104.72M | $30.24M | $21.57M | $4.03M | $95.20M | $48.59M | $402.40M | $75.79M | $145.34M | $102.76M | $365.81M | $95.38M | $104.78M | $263.51M | $59.31M | $65.04M | $-13.35M | $148.57M | $101.25M | $62.73M | $139.94M | $131.86M | $-48.61M |
| High Forecast | $96.07M | $58.58M | $17.78M | $45.59M | $102.65M | $62.89M | $-6.84M | $125.67M | $31.09M | $30.94M | $4.14M | $114.24M | $49.96M | $482.87M | $77.91M | $148.41M | $123.31M | $438.98M | $97.30M | $125.73M | $316.22M | $60.51M | $66.36M | $-13.14M | $151.56M | $103.29M | $64.00M | $167.93M | $134.52M | $-38.89M |
| Low Forecast | $90.13M | $54.96M | $16.68M | $42.77M | $72.05M | $35.67M | $-7.29M | $83.78M | $29.17M | $9.38M | $3.89M | $76.16M | $46.87M | $321.92M | $73.83M | $143.71M | $82.21M | $292.65M | $93.85M | $83.82M | $210.81M | $58.36M | $64.00M | $-13.62M | $146.18M | $99.63M | $61.73M | $111.95M | $129.74M | $-58.33M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.30% | -1.24% | - | 0.39% | 0.24% | - | - | - | - | - | 1.93% | - | - | 0.69% | 8.24% | 0.90% | 1.23% | 0.96% | 1.23% | 1.20% | -3.39% |
Foot Locker's average Quarter net income forecast for Jan 24 is $30.24M, with a range of $29.17M to $31.09M. FL's average Quarter net income forecast represents a 8.00% increase compared to the company's last Quarter net income of $28.00M (Oct 23).
Foot Locker SG&A Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 7 | 4 | 4 | 11 | 11 | 5 | 5 | 6 | 12 | 6 | 6 | 6 | 9 | 10 | 9 | 9 | 6 | 6 | 6 | 6 | 17 | 9 | 9 | 10 | 10 | 14 | 8 | 8 | 19 |
| SG&A | - | - | - | - | - | - | - | - | - | $446.00M | $442.00M | - | $521.00M | $467.00M | - | - | - | - | - | $418.00M | - | - | $469.00M | $376.00M | $524.00M | $456.00M | $453.00M | $461.00M | $516.00M | $442.00M |
| Avg Forecast | $521.44M | $443.09M | $416.09M | $412.74M | $502.44M | $431.73M | $403.08M | $533.79M | $486.63M | $418.18M | $401.00M | $485.26M | $457.99M | $421.11M | $440.60M | $469.42M | $297.87M | $382.83M | $447.64M | $393.56M | $465.37M | $416.40M | $443.65M | $290.19M | $478.30M | $413.51M | $389.14M | $457.03M | $465.99M | $612.06M |
| High Forecast | $532.72M | $452.67M | $425.09M | $421.67M | $513.03M | $436.00M | $411.80M | $640.54M | $497.16M | $424.58M | $409.68M | $582.31M | $467.90M | $505.33M | $450.11M | $477.03M | $357.44M | $459.39M | $454.58M | $472.27M | $558.45M | $422.86M | $450.53M | $294.69M | $485.72M | $419.92M | $395.18M | $548.43M | $473.22M | $734.48M |
| Low Forecast | $507.24M | $431.03M | $404.77M | $401.51M | $481.24M | $427.45M | $392.11M | $427.03M | $473.39M | $411.78M | $390.09M | $388.21M | $445.53M | $336.89M | $431.87M | $465.35M | $238.29M | $306.26M | $442.12M | $314.84M | $372.30M | $411.26M | $438.17M | $286.61M | $472.40M | $408.40M | $384.34M | $365.62M | $460.24M | $489.65M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.07% | 1.10% | - | 1.14% | 1.11% | - | - | - | - | - | 1.06% | - | - | 1.06% | 1.30% | 1.10% | 1.10% | 1.16% | 1.01% | 1.11% | 0.72% |
Foot Locker's average Quarter SG&A projection for Jan 24 is $486.63M, based on 6 Wall Street analysts, with a range of $473.39M to $497.16M. The forecast indicates a 9.11% rise compared to FL last annual SG&A of $446.00M (Oct 23).
Foot Locker EPS Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 7 | 4 | 4 | 11 | 11 | 5 | 5 | 6 | 12 | 6 | 6 | 6 | 9 | 10 | 9 | 9 | 6 | 6 | 6 | 6 | 17 | 9 | 9 | 10 | 10 | 14 | 8 | 8 | 19 |
| EPS | - | - | - | - | - | - | - | - | - | $0.30 | $-0.05 | - | $0.20 | $1.02 | - | - | - | - | - | $1.96 | - | - | $0.43 | $-1.06 | $1.35 | $1.17 | $0.55 | $1.53 | $1.40 | $1.40 |
| Avg Forecast | $0.98 | $0.60 | $0.18 | $0.47 | $0.90 | $0.46 | $-0.07 | $0.12 | $0.32 | $0.23 | $0.04 | $0.76 | $0.51 | $1.11 | $0.80 | $1.54 | $1.44 | $1.37 | $1.01 | $1.21 | $1.37 | $0.63 | $0.69 | $-0.14 | $1.58 | $1.08 | $0.67 | $1.61 | $1.40 | $1.24 |
| High Forecast | $1.01 | $0.62 | $0.19 | $0.48 | $1.08 | $0.66 | $-0.07 | $0.12 | $0.33 | $0.33 | $0.04 | $0.78 | $0.53 | $1.14 | $0.82 | $1.58 | $1.47 | $1.40 | $1.03 | $1.24 | $1.40 | $0.64 | $0.70 | $-0.14 | $1.61 | $1.10 | $0.68 | $1.64 | $1.43 | $1.49 |
| Low Forecast | $0.95 | $0.58 | $0.18 | $0.45 | $0.76 | $0.38 | $-0.08 | $0.11 | $0.31 | $0.10 | $0.04 | $0.73 | $0.49 | $1.07 | $0.77 | $1.53 | $1.42 | $1.35 | $1.00 | $1.19 | $1.35 | $0.62 | $0.68 | $-0.14 | $1.55 | $1.06 | $0.66 | $1.58 | $1.38 | $0.99 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.32% | -1.25% | - | 0.39% | 0.92% | - | - | - | - | - | 1.61% | - | - | 0.63% | 7.48% | 0.85% | 1.09% | 0.82% | 0.95% | 1.00% | 1.13% |
According to 6 Wall Street analysts, Foot Locker's projected average Quarter EPS for Jan 24 is $0.32, with a low estimate of $0.31 and a high estimate of $0.33. This represents a 6.11% increase compared to FL previous annual EPS of $0.30 (Oct 23).
Foot Locker Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PLCE | Children's Place | $5.08 | $19.00 | 274.02% | Hold |
| AEO | American Eagle Outfitters | $18.88 | $27.62 | 46.29% | Hold |
| ANF | Abercrombie & Fitch | $130.93 | $151.89 | 16.01% | Buy |
| URBN | Urban Outfitters | $35.43 | $41.08 | 15.95% | Hold |
| FL | Foot Locker | $26.16 | $29.63 | 13.26% | Hold |
| GPS | Gap | $24.55 | $20.87 | -14.99% | Buy |
FL Forecast FAQ
Is Foot Locker a good buy?
No, according to 20 Wall Street analysts, Foot Locker (FL) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 30.00% of FL's total ratings.
What is FL's price target?
Foot Locker (FL) average price target is $29.63 with a range of $15 to $55, implying a 13.26% from its last price of $26.16. The data is based on 20 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Foot Locker stock go up soon?
According to Wall Street analysts' prediction for FL stock, the company can go up by 13.26% (from the last price of $26.16 to the average price target of $29.63), up by 110.24% based on the highest stock price target, and down by -42.66% based on the lowest stock price target.
Can Foot Locker stock reach $40?
FL's highest twelve months analyst stock price target of $55 supports the claim that Foot Locker can reach $40 in the near future.
What is Foot Locker's current price target trend?
2 Wall Street analysts forecast a $29.5 price target for Foot Locker (FL) this month, up 12.77% from its last price of $26.16. Compared to the last 3 and 12 months, the average price target increased by 12.77% and decreased by -6.35%, respectively.
Did the FL's actual financial results beat the analysts' financial forecasts?
Based on Foot Locker's last annual report (Feb 2022), the company's revenue was $8.96B, beating the average analysts forecast of $8.46B by 5.83%. Apple's EBITDA was $1.62B, beating the average prediction of $1.13B by 44.13%. The company's net income was $893M, beating the average estimation of $668.73M by 33.54%. Apple's SG&A was $1.85B, beating the average forecast of $1.52B by 21.62%. Lastly, the company's EPS was $8.72, beating the average prediction of $5.04 by 73.07%. In terms of the last quarterly report (Oct 2023), Foot Locker's revenue was $1.99B, beating the average analysts' forecast of $1.96B by 1.50%. The company's EBITDA was $102M, missing the average prediction of $213.08M by -52.13%. Foot Locker's net income was $28M, beating the average estimation of $21.57M by 29.83%. The company's SG&A was $446M, beating the average forecast of $418.18M by 6.65%. Lastly, the company's EPS was $0.3, beating the average prediction of $0.227 by 32.15%