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Foot Locker ( (FL) ) just unveiled an update.
On May 15, 2025, Foot Locker and DICK’S Sporting Goods announced a definitive merger agreement under which DICK’S will acquire Foot Locker for approximately $2.4 billion in equity value. This transaction, subject to shareholder and regulatory approval, is expected to close in the second half of 2025. Additionally, Foot Locker reported preliminary financial results for the first quarter of 2025, showing a net loss of $363 million compared to a net income of $8 million in the previous year. The company experienced a 2.6% decrease in comparable sales, with North America sales down by 0.5%, and attributed these results to softer global traffic trends and an uncertain macroeconomic environment.
The most recent analyst rating on (FL) stock is a Hold with a $30.00 price target. To see the full list of analyst forecasts on Foot Locker stock, see the FL Stock Forecast page.
Spark’s Take on FL Stock
According to Spark, TipRanks’ AI Analyst, FL is a Neutral.
Foot Locker’s overall score reflects a balance of moderate financial stability and bearish technical indicators. While the earnings call highlighted positive sales and margin improvements, the financial performance reveals significant profitability challenges. The stock’s valuation appears stretched, with a high P/E ratio and no dividend yield. Technical analysis shows bearish trends, though new leadership offers potential strategic gains. Overall, the stock faces notable risks but also opportunities for improvement.
To see Spark’s full report on FL stock, click here.
More about Foot Locker
Foot Locker, Inc. is a leading retailer specializing in footwear and apparel, with a significant presence in the sneaker culture market. The company operates approximately 2,400 retail stores across North America, Europe, Asia, Australia, and New Zealand, and maintains a licensed store presence in Europe, the Middle East, and Asia. Foot Locker’s brand portfolio includes Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos.
Average Trading Volume: 4,686,629
Technical Sentiment Signal: Sell
Current Market Cap: $1.26B
Find detailed analytics on FL stock on TipRanks’ Stock Analysis page.