Foot Locker (FL) Getting Somewhat Favorable Press Coverage, Study Finds
News headlines about Foot Locker (NYSE:FL) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Foot Locker earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the athletic footwear retailer an impact score of 46.294588578119 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- Top Ranked Value Stocks to Buy for February 5th (zacks.com)
- Why Foot Locker Inc (NYSE:FL) Could Be A Buy (finance.yahoo.com)
- Foot Locker Added To ‘Best Ideas’ List At Wedbush (feeds.benzinga.com)
- Foot Locker (FL) Rating Reiterated by Wedbush (americanbankingnews.com)
- An Eye on Data – Foot Locker Inc (NYSE: FL) – Alpha Beta Stock (alphabetastock.com)
Several equities analysts have weighed in on FL shares. Deutsche Bank raised Foot Locker from a “hold” rating to a “buy” rating and lifted their target price for the company from $38.00 to $45.00 in a research report on Friday, November 17th. Piper Jaffray Companies set a $35.00 price objective on Foot Locker and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Tuesday, December 26th. Buckingham Research downgraded Foot Locker from a “buy” rating to a “neutral” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Finally, Cowen reissued a “hold” rating and set a $33.00 price objective on shares of Foot Locker in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $56.15.
Foot Locker (NYSE:FL) last announced its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 earnings per share. equities research analysts predict that Foot Locker will post 4.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Investors of record on Friday, January 19th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Thursday, January 18th. Foot Locker’s dividend payout ratio (DPR) is 31.23%.
In related news, CEO Richard A. Johnson sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $50.05, for a total value of $1,251,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew M. Mckenna sold 10,899 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $45.82, for a total value of $499,392.18. Following the completion of the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at $1,603,700. The disclosure for this sale can be found here. Insiders sold 56,899 shares of company stock valued at $2,801,692 over the last ninety days. 1.73% of the stock is currently owned by corporate insiders.
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About Foot Locker
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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