Piper Sandler has revised its outlook on Foot Locker (FL, Financial), decreasing its price target from $19 to $12 while maintaining a Neutral rating on the stock. The adjustment stems from the imposition of 145% tariffs on imports from China, in addition to 10% tariffs from other countries, which are expected to impact the company's financials significantly.
In response to these tariff pressures, Piper Sandler has also reduced its earnings per share (EPS) estimates for Foot Locker by 14% for the fiscal years 2025 and 2026. This reflects the firm's strategy to incorporate 25% of the cost challenges into the profit and loss statements.
Furthermore, the firm anticipates that a potential economic downturn could further strain consumer demand, leading to a decline in sales forecasts for the company. The combination of these factors underscores the cautious stance on Foot Locker's stock performance in the coming years.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Foot Locker Inc (FL, Financial) is $19.60 with a high estimate of $24.00 and a low estimate of $14.00. The average target implies an upside of 58.32% from the current price of $12.38. More detailed estimate data can be found on the Foot Locker Inc (FL) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Foot Locker Inc's (FL, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Foot Locker Inc (FL, Financial) in one year is $25.87, suggesting a upside of 108.97% from the current price of $12.38. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Foot Locker Inc (FL) Summary page.
