Foot Locker (FL)

• Market cap: $1.94B
• 1 day: 0.74%
• 5 days: 0.25%
• 1 month: -8.13%
• 3 months: -17.17%
• 6 months: -22.68%
• Year to date: -5.63%
• 1 year: -25.72%
• 5 years: -48.36%
• 10 years: -60.55%
• 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 Q3 regulatory filings by fund managers ($100M+ AUM)

16% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 38

4% more capital invested

Capital invested by funds: $2.37B [Q2] → $2.45B (+$83.5M) [Q3]

0% more funds holding

Funds holding: 284 [Q2] → 285 (+1) [Q3]

0.25% less ownership

Funds ownership: 100.34% [Q2] → 100.09% (-0.25%) [Q3]

3% less repeat investments, than reductions

Existing positions increased: 95 | Existing positions reduced: 98

45% less call options, than puts

Call options by funds: $126M | Put options by funds: $228M

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]

Research analyst outlook

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

• Low target: $16 22% downside
• Avg. target: $24 19% upside
• High target: $32 56% upside

13 analyst ratings

• positive: 4 31%
• neutral: 6 46%
• negative: 3 23%

Needham Tom Nikic 55% 1-year accuracy 26 / 47 met price target	22% upside $25	Buy Reiterated	18 Dec 2024
Morgan Stanley Alex Straton 79% 1-year accuracy 23 / 29 met price target	22% downside $16	Underweight Maintained	6 Dec 2024
Barclays Adrienne Yih 51% 1-year accuracy 48 / 95 met price target	42% upside $29	Overweight Maintained	6 Dec 2024
Goldman Sachs Kate McShane 64% 1-year accuracy 25 / 39 met price target	8% upside $22	Sell Maintained	5 Dec 2024
UBS Jay Sole 67% 1-year accuracy 32 / 48 met price target	8% upside $22	Neutral Maintained	5 Dec 2024