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An announcement from Foot Locker ( (FL) ) is now available.
On May 15, 2025, Foot Locker, Inc. entered into a merger agreement with DICK’S Sporting Goods, Inc., where Foot Locker will be acquired by DICK’S, with the merger subject to approval by shareholders and regulatory conditions. The merger will result in Foot Locker’s shares being delisted from the NYSE, and shareholders will have the option to receive cash or shares of DICK’S stock. The agreement includes provisions for the treatment of equity awards and conditions for closing, such as shareholder approval and regulatory clearances. Termination fees are outlined should the merger not proceed under specific circumstances.
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 stock score reflects moderate financial stability with significant profitability challenges. While the earnings call indicated positive strategic progress, the high P/E ratio and lack of dividend yield are concerns. The technical analysis shows bearish trends, offset by potential strategic gains from corporate events such as the merger and leadership changes. 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
Average Trading Volume: 4,686,629
Technical Sentiment Signal: Sell
Current Market Cap: $1.26B
See more insights into FL stock on TipRanks’ Stock Analysis page.