Foot Locker (FL)

• Market cap: $2.34B
• Sector: Consumer Discretionary
• Industry: Shoe Stores

About: Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Asia, Australia, and New Zealand. It also has a presence in the Middle East. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Its portfolio of brands, includes Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. The company has omnichannel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It has three operating segments, North America, EMEA, and Asia Pacific.

Employees: 46,846

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

1% less repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 91

2% less funds holding

Funds holding: 289 [Q1] → 283 (-6) [Q2]

5.46% less ownership

Funds ownership: 103.69% [Q1] → 98.22% (-5.46%) [Q2]

12% less first-time investments, than exits

New positions opened: 46 | Existing positions closed: 52

17% less capital invested

Capital invested by funds: $2.78B [Q1] → $2.32B (-$464M) [Q2]

20% less call options, than puts

Call options by funds: $128M | Put options by funds: $160M

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $18 27% downside
• Avg. target: $30 20% upside
• High target: $38 54% upside

11 analyst ratings

• positive: 3 27%
• neutral: 7 64%
• negative: 1 9%

Gordon Haskett Eric Cohen 0 / 0 met price target	9% upside $27	Accumulate Initiated	7 Oct 2024
Baird Jonathan Komp 100% 1-year accuracy 5 / 5 met price target	9% upside $27	Neutral Maintained	25 Sept 2024
Telsey Advisory Group Cristina Fernandez 53% 1-year accuracy 10 / 19 met price target	22% upside $30	Market Perform Maintained	29 Aug 2024
Barclays Adrienne Yih 43% 1-year accuracy 23 / 53 met price target	38% upside $34	Overweight Upgraded	29 Aug 2024
Telsey Advisory Group Cristina Fernandez 53% 1-year accuracy 10 / 19 met price target	9% upside $27	Market Perform Maintained	28 Aug 2024