Foot Locker Stock Forecast & Predictions: 1Y Price Target $29.25 | Buy or Sell NYSE: FL 2024 (2024)

FAQs

Is Foot Locker a buy or sell? ›

Foot Locker has a consensus rating of Hold which is based on 2 buy ratings, 9 hold ratings and 4 sell ratings. What is Foot Locker's price target? The average price target for Foot Locker is $28.92. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

On average, Wall Street analysts predict that Foot Locker's share price could reach $28.56 by Aug 29, 2025. The average Foot Locker stock price prediction forecasts a potential upside of 14.87% from the current FL share price of $24.86.

BK Stock 12 Month Forecast

Based on 14 Wall Street analysts offering 12 month price targets for Bank of New York Mellon Corporation in the last 3 months. The average price target is $70.21 with a high forecast of $76.00 and a low forecast of $58.00.

Does Foot Locker have sufficient earnings to cover their dividend? Yes, FL's past year earnings per share was -$3.88, and their annual dividend per share is $1.60. FL's dividend payout ratio is 47.06% ($1.60/-$3.88) which is sustainable.

Although Foot Locker isn't going out of business, it has decided to eliminate its underperforming stores in select malls, which reportedly make up only 10 percent of its sales. During its March 2023 Investor Day event, Foot Locker Inc.

For the current fiscal year, Foot Locker largely maintained its guidance and continues to expect sales to be in a range of a 1% decline to 1% growth from the prior year – better than the 0.4% decline that analysts had expected, according to LSEG.

In addition, Foot Locker has franchise operations in the Middle East. FL is a Zacks Rank #3 (Hold) stock, with a Value Style Score of A and VGM Score of B. Shares are currently trading at a forward P/E of 16.2X for the current fiscal year compared to the Retail - Apparel and Shoes industry's P/E of 15.4X.

Dividend Summary

There are typically 4 dividends per year (excluding specials).

Target stock has received a consensus rating of buy. The average rating score is and is based on 62 buy ratings, 33 hold ratings, and 2 sell ratings.

Who is the target audience for Foot Locker? ›

Target Audience

While trying to understand the sales, we discovered that Foot Locker has two main customer segments. "Sneakerheads" who are after the new and limited releases, and Mall shoppers who stop by Foot Locker and may need help determining which shoes to get.

Number of shares outstanding as of September 2024 : 94,700,000.

The financial health and growth prospects of BK, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.

The consensus among 9 Wall Street analysts covering (NYSE: BK) stock is to Buy BK stock.

Foot Locker is strongest in its domestic market

The United States is by far the company's biggest market. It is where Foot Locker made approximately two thirds of its global revenue in the financial year 2023, at an impressive 5.4 billion U.S. dollars.