Barclays Downgrades Foot Locker: Analyst Forecast Indicates Potential Decline

Fintel reports that on May 16, 2025, Barclays downgraded their outlook for Foot Locker (WBAG:FOOT) from Overweight to Equal-Weight.

Analyst Price Forecast Suggests 23.13% Downside

As of May 6, 2025, the average one-year price target for Foot Locker stands at €16.46 per share. This forecast ranges from a low of €10.06 to a high of €22.82. The average target indicates a potential decrease of 23.13% from its latest reported closing price of €21.41 per share.

Company Revenue and Earnings Projections

The projected annual revenue for Foot Locker is €9,080 million, reflecting an increase of 13.67%. Furthermore, the projected annual non-GAAP EPS is €5.60, marking an 8.96% rise from the previous forecast.

Fund Sentiment Overview

Currently, there are 598 funds or institutions reporting positions in Foot Locker. This figure represents a decrease of 26 owners, or 4.17%, in the last quarter. The average portfolio weight of all funds dedicated to FOOT is 0.11%, which shows a 12.50% increase. Total shares owned by institutions rose by 2.67% over the last three months, totaling 120,667K shares.

Shareholder Activity

Vesa Equity Investment S.a r.l. holds 10,056K shares, representing a 10.56% ownership stake in the company, with no change in the last quarter.

IJR – iShares Core S&P Small-Cap ETF holds 5,352K shares, equating to a 5.62% stake. This shows an increase from the 5,256K shares reported previously, marking a 1.79% rise. However, the firm reduced its portfolio allocation in FOOT by 15.63% over the last quarter.

Allspring Global Investments Holdings now holds 5,091K shares, which corresponds to a 5.34% ownership. This is a 4.57% decrease from the 5,324K shares reported before, indicating a 37.84% reduction in their allocation over the prior quarter.

WFMDX – Wells Fargo Special Mid Cap Value Fund Administrator Class holds 3,748K shares, representing a 3.94% ownership stake. This is an increase from the previous 2,273K shares, representing a notable 39.37% rise in their allocation in FOOT over the last quarter.

Goldman Sachs Group holds 3,175K shares, amounting to a 3.33% stake. This is a slight increase from the prior figure of 3,038K shares, but the firm has decreased its allocation in FOOT by 87.05% over the last quarter.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.