Foot Locker Inc Stock Research

Market Summary

USD38.63-0.45

Market Closed

-1.15%

FL Stock Price

FL RSI Chart

FL Valuation

Market Cap

3.6B

Price/Earnings (Trailing)

8.47

Price/Sales (Trailing)

0.41

EV/EBITDA

4.33

Price/Free Cashflow

26.53

FL Price/Sales (Trailing)

FL Profitability

EBT Margin

7.12%

Return on Equity

13.07%

Return on Assets

5.49%

Free Cashflow Yield

3.77%

FL Fundamentals

FL Revenue

Revenue (TTM)

8.8B

Revenue Y/Y

-0.73%

Revenue Q/Q

5.23%

FL Earnings

Earnings (TTM)

426.0M

Earnings Y/Y

-39.24%

Earnings Q/Q

2.13%

Price Action

52 Week Range

23.4247.22

(Low)(High)

Last 7 days

-9.5%

Last 30 days

-9.8%

Last 90 days

9.1%

Trailing 12 Months

30.1%

FL Financial Health

Current Ratio

1.54

Debt/Equity

0.14

Debt/Cashflow

0.3

FL Investor Care

Dividend Yield

3.88%

Dividend/Share (TTM)

1.5

Buy Backs (1Y)

9.50%

Diluted EPS (TTM)

4.39

Peers (Alternatives to Foot Locker)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TJX	86.8B	49.3B	-4.78%	27.97%	25.52	1.76	7.96%	27.42%
ORLY	50.1B	14.4B	-6.65%	16.66%	23.04	3.47	8.12%	0.37%
AZO	44.3B	16.6B	-9.51%	18.05%	18.34	2.67	9.40%	5.72%
ROST	35.1B	18.5B	-9.75%	13.98%	24.54	1.9	1.97%	-10.16%
MID-CAP
FL	3.6B	8.8B	-9.83%	30.08%	8.47	0.41	-0.59%	-53.34%
GPS	3.3B	15.6B	-31.83%	-33.54%	-16.18	0.21	-6.32%	-178.91%
AEO	2.5B	5.0B	-12.51%	-26.15%	19.84	0.5	-0.42%	-70.18%
URBN	2.4B	4.7B	-3.28%	2.69%	13.96	0.5	10.17%	-43.27%
BOOT	2.2B	1.6B	-1.60%	-24.10%	13.23	1.38	18.44%	-1.99%
SMALL-CAP
BKE	1.7B	1.3B	-14.99%	-1.97%	6.91	1.31	7.45%	6.00%
ANF	1.2B	3.7B	-14.46%	-19.61%	33.02	0.33	-0.39%	-86.76%
SCVL	669.6M	-	-9.36%	-18.19%	6.14	0.51	9.28%	-23.06%
DBI	545.4M	3.4B	-12.29%	-36.87%	4.13	0.16	13.21%	2075.68%
PLCE	469.5M	1.8B	-8.49%	-23.01%	5.31	0.27	-6.40%	-43.31%
GCO	425.8M	2.4B	-21.13%	-48.33%	4.48	0.18	2.42%	-33.32%

Financials for Foot Locker

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-0.2%	8,754	8,770	8,980	8,958	8,806
S&GA Expenses	0.5%	1,907	1,898	1,896	1,851	1,786
EBITDA	-7.4%	856	924	1,370	-	-
EBITDA Margin	-7.2%	0.10*	0.11*	0.15*	-	-
Earnings Before Taxes	-11.3%	623	702	1,146	1,240	1,253
EBT Margin	-11.1%	0.07*	0.08*	0.13*	-	-
Interest Expenses	61.5%	21.00	13.00	18.00	11.00	13.00
Net Income	-12.7%	426	488	824	893	913
Net Income Margin	-12.5%	0.05*	0.06*	0.09*	-	-
Free Cahsflow	-16.0%	136	162	247	-	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-1.3%	7,762	7,868	7,878	8,135	8,211
Current Assets	1.0%	2,338	2,315	2,233	2,363	2,893
Cash Equivalents	-9.1%	351	386	551	804	1,339
Inventory	2.5%	1,685	1,644	1,401	1,266	1,301
Net PPE	-0.2%	897	899	899	917	860
Goodwill	-1.2%	764	773	783	797	651
Liabilities	-3.2%	4,503	4,651	4,663	4,892	4,869
Current Liabilities	-4.0%	1,522	1,585	1,556	1,735	1,757
Long Term Debt	-0.2%	448	449	450	451	456
Shareholder's Equity	1.3%	3,259	3,217	3,215	3,243	3,342
Retained Earnings	1.9%	3,110	3,051	2,995	2,900	3,044
Shares Outstanding	-0.7%	93.00	94.00	96.00	103	-
Minority Interest	0%	7.00	7.00	3.00	4.00	5.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-16.0%	136	162	247	666	888
Share Based Compensation	6.9%	31.00	29.00	28.00	29.00	29.00
Cashflow From Investing	56.8%	-575	-1,330	-1,427	-1,376	-1,027
Cashflow From Financing	-99.6%	-543	-272	-219	-152	93.00
Dividend Payments	5.2%	142	135	118	101	87.00
Buy Backs	-29.6%	307	436	403	348	197

Risks for FL

What is the probability of a big loss on FL?

89.6%

Probability that Foot Locker stock will be more than 20% underwater in next one year

66.2%

Probability that Foot Locker stock will be more than 30% underwater in next one year.

53.1%

Probability that Foot Locker stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Foot Locker was unfortunately bought at previous high price.

Drawdowns

Returns for FL

Cumulative Returns on FL

4.1%

10-Year Cumulative Returns

-4.2%

7-Year Cumulative Returns

0.5%

5-Year Cumulative Returns

32.3%

3-Year Cumulative Returns

What are the long-term rolling returns for FL?

FIve years rolling returns for Foot Locker.

Annualized Returns

Which funds bought or sold FL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	new	-	203,764	203,764	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	33.76	14,469,400	37,667,400	0.04%
2023-03-06	Rockefeller Capital Management L.P.	added	133,884	13,814,000	13,822,000	0.07%
2023-02-28	Voya Investment Management LLC	reduced	-6.37	352,109	2,933,110	-%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-99.9	-2,260,200	2,796	-%
2023-02-24	NATIXIS	sold off	-100	-1,913,000	-	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	reduced	-12.91	26,000	484,000	-%
2023-02-21	DGS Capital Management, LLC	reduced	-19.34	-5,766	270,917	0.18%
2023-02-21	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	reduced	-36.74	-83,659	277,341	0.01%
2023-02-21	MACQUARIE GROUP LTD	reduced	-2.21	258,000	1,844,000	-%

Latest Funds Activity

Are funds buying FL calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own FL

No. of Funds

Foot Locker News

Schedule 13G FIlings of Foot Locker

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	boston partners	0.77%	722,050	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vesa equity investment s.a r.l.	12.3%	11,468,571	SC 13G/A
Feb 09, 2023	vanguard group inc	10.06%	9,386,043	SC 13G/A
Jan 26, 2023	blackrock inc.	11.3%	10,574,637	SC 13G/A
Jan 20, 2023	blackrock inc.	11.3%	10,574,637	SC 13G/A
Jul 08, 2022	vesa equity investment s.a r.l.	13.3%	12,750,317	SC 13G/A
Jul 08, 2022	blackrock inc.	10.4%	9,813,209	SC 13G
Apr 11, 2022	fmr llc	-	0	SC 13G/A
Feb 11, 2022	boston partners	5.45%	5,474,042	SC 13G/A

FL Fair Value

Foot Locker fair value in different scenarios

The table shows the Fair Value estimates for Foot Locker for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	53.11 37.48%	62.66 62.21%	70.74 83.12%	100.88 161.14%	115.01 197.72%
Current Inflation	50.15 29.82%	58.55 51.57%	65.48 69.51%	91.19 136.06%	103.21 167.18%
Very High Inflation	46.40 20.11%	53.41 38.26%	59.02 52.78%	79.63 106.14%	89.27 131.09%

Historical Foot Locker Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Foot Locker

View All Filings

Date Filed	Form Type	Document
Mar 20, 2023	8-K	Current Report
Mar 10, 2023	8-K	Current Report
Mar 01, 2023	3	Insider Trading
Mar 01, 2023	4	Insider Trading
Feb 21, 2023	8-K	Current Report
Feb 13, 2023	SC 13G/A	Major Ownership Report
Feb 10, 2023	SC 13G	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report

Latest Insider Trading transactions for FL

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-01	Higginbotham Robert	acquired	-	-	4,055	interim cfo
2023-02-01	Maurer John A	sold	-90,140	45.07	-2,000	vp, treasurer
2023-02-01	Cipriano Giovanna	sold	-1,149,930	45.00	-25,554	svp & chief accounting officer
2023-01-27	YOUNG DONA D	acquired	32,668	43.98	742	-
2023-01-27	Nicosia Darlene	acquired	2,216	43.98	50.3926	-
2023-01-27	PAYNE ULICE JR	acquired	1,889	43.98	42.9574	-
2023-01-27	OAKLAND STEVEN	acquired	3,832	43.98	87.147	-
2023-01-27	Walker Tristan	acquired	1,735	43.98	39.4587	-
2023-01-27	FELDMAN ALAN D	acquired	12,743	43.98	289	-
2023-01-26	Maurer John A	sold	-147,035	42.01	-3,500	vp, treasurer

About Foot Locker

Richard A. Johnson

www.footlocker-inc.com

49900

Foot Locker, Inc., through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names. As of January 29, 2022, it operated 2,858 retail stores in 28 countries across the United States, Canada, Europe, Australia, New Zealand, and Asia; and 142 franchised Foot Locker stores located in the Middle East and Asia. The company also offers its products through various e-commerce sites and mobile apps. Foot Locker, Inc. was founded in 1879 and is headquartered in New York, New York.

FL Income Statement

2022-10-29

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 29, 2022	Oct. 30, 2021	Oct. 29, 2022	Oct. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Sales	$ 2,173	$ 2,189	$ 6,413	$ 6,617
Cost of sales	1,477	1,429	4,323	4,310
Selling, general and administrative expenses	467	458	1,382	1,326
Depreciation and amortization	52	49	157	142
Impairment and other charges	20	57	38	97
Income from operations	157	196	513	742
Interest (expense) income, net	(3)	(4)	(13)	(8)
Other (expense) / income, net	(11)	30	(24)	359
Income before income taxes	143	222	476	1,093
Income tax expense	47	64	154	303
Net Income	96	158	322	790
Net loss attributable to noncontrolling interests			1
Net income attributable to Foot Locker, Inc.	$ 96	$ 158	$ 323	$ 790
Basic earnings per share	$ 1.02	$ 1.53	$ 3.41	$ 7.63
Weighted-average shares outstanding	93.4	103.2	94.6	103.5
Diluted earnings per share	$ 1.01	$ 1.52	$ 3.38	$ 7.54
Weighted-average shares outstanding, assuming dilution	94.7	104.4	95.7	104.9

FL Balance Sheet

2022-10-29

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions

Oct. 29, 2022

Jan. 29, 2022

^[1]

Oct. 30, 2021

Current assets:

Cash and cash equivalents

$ 351

$ 804

$ 1,339

Merchandise inventories

1,685

1,266

1,301

Other current assets

302

293

253

Assets, current, total

2,338

2,363

2,893

Property and equipment, net

897

917

860

Operating lease right-of-use assets

2,449

2,616

2,619

Deferred taxes

Goodwill

764

797

651

Other intangible assets, net

424

454

235

Minority investments

722

781

762

Other assets

103

121

Total assets

7,762

8,135

8,211

Current liabilities:

Accounts payable

522

596

578

Accrued and other liabilities

455

561

498

Current portion of obligations under finance leases

104

Operating lease liabilities classified as current

539

572

577

Liabilities, current, total

1,522

1,735

1,757

Long-term debt and obligations under finance leases

448

451

456

Long-term lease obligations

2,212

2,363

2,421

Other liabilities

321

343

235

Total liabilities

4,503

4,892

4,869

Shareholders' equity:

Common stock and paid-in capital: 99,338,704; 104,541,760; and 99,070,796 shares issued, respectively

798

770

806

Retained earnings

3,110

2,900

3,044

Accumulated other comprehensive loss

(443)

(343)

Less: Treasury stock at cost: 6,018,983; 3,473,932; and 2,050,000 shares, respectively

(213)

(88)

(170)

Noncontrolling interest

Total shareholders' equity

3,259

3,243

3,342

Liabilities and equity, total

$ 7,762

$ 8,135

$ 8,211

[1]

The balance sheet at January 29, 2022 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended January 29, 2022.