Foot Locker (FL)

• Market cap: $1.73B
• 1 day: -3.65%
• 5 days: -9.23%
• 1 month: -11.48%
• 3 months: -18.93%
• 6 months: -44.15%
• Year to date: -16.01%
• 1 year: -45.39%
• 5 years: -53.14%
• 10 years: -67.49%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]

21% more first-time investments, than exits

New positions opened: 64 | Existing positions closed: 53

2.63% more ownership

Funds ownership: 100.1% [Q3] → 102.73% (+2.63%) [Q4]

0% more funds holding

Funds holding: 286 [Q3] → 287 (+1) [Q4]

13% less capital invested

Capital invested by funds: $2.45B [Q3] → $2.12B (-$331M) [Q4]

15% less repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 97

52% less call options, than puts

Call options by funds: $117M | Put options by funds: $244M

Research analyst outlook

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

• Low target: $16 12% downside
• Avg. target: $24 32% upside
• High target: $32 76% upside

13 analyst ratings

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

Needham Tom Nikic 42% 1-year accuracy 21 / 50 met price target	32% upside $24	Buy Maintained	24 Jan 2025
JP Morgan Matthew Boss 52% 1-year accuracy 40 / 77 met price target	10% upside $20	Underweight Maintained	24 Jan 2025
Morgan Stanley Alex Straton 63% 1-year accuracy 20 / 32 met price target	12% downside $16	Underweight Maintained	6 Dec 2024
Barclays Adrienne Yih 41% 1-year accuracy 42 / 103 met price target	59% upside $29	Overweight Maintained	6 Dec 2024
Goldman Sachs Kate McShane 61% 1-year accuracy 22 / 36 met price target	21% upside $22	Sell Maintained	5 Dec 2024