Foot Locker To $39? These Analysts Boost Price Targets On The Specialty Athletic Retailer Following Upbeat Q3 Earnings

Foot Locker, Inc. FL reported better-than-expected Q3 results and raised FY22 guidance.

Foot Locker reported a third-quarter FY22 sales decline of 0.73% year-on-year to $2.17 billion, beating the consensus of $2.09 billion. Adjusted EPS of $1.27 beat the analyst consensus of $1.11.

Foot Locker shares gained 8.8% to close at $35.88 on Friday.

These analysts made changes to their price targets on Foot Locker following the release of quarterly results.

• Telsey Advisory Group boosted the price target on the stock from $37 to $39. Telsey Advisory Group analyst Cristina Fernandez maintained a Market Perform rating on the stock.
• Citigroup raised Foot Locker price target from $33 to $38. Citigroup analyst Paul Lejuez maintained a Neutral rating on the stock.