Foot Locker Soars 68.22% on Dick's Acquisition Talks

On May 15, 2025, Foot Locker's stock price surged by 68.22% in pre-market trading, sparking optimism in the retail sector.

Foot Locker's stock price soared nearly 70% after reports emerged that Dick's Sporting Goods is nearing a deal to acquire the struggling retailer. The potential acquisition has been a significant driver of the stock's recent performance, with analysts and investors closely monitoring the developments.

Dick's Sporting Goods is reportedly close to finalizing a deal to acquire Foot Locker, with the transaction valued at $2.3 billion. The acquisition would see Dick's pay $24 per Foot Locker share, split into 60% cash and 40% Dick's stock. This move is seen as a bold play for retail supremacy, as it would combine two major players in the sporting goods and footwear market.

Analysts have estimated an average target price of $17.19 for Foot Locker, indicating a potential for further growth. The acquisition talks have also led to increased institutional interest, with Northern Trust Corp boosting its position in Foot Locker by 9.1% during the fourth quarter.