Foot Locker (FL) Getting Somewhat Positive Media Coverage, Study Shows
Media headlines about Foot Locker (NYSE:FL) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Foot Locker earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the athletic footwear retailer an impact score of 45.29545579441 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Foot Locker, Inc. (FL) Downgraded by BidaskClub (americanbankingnews.com)
- Shares of Foot Locker, Nike down amid Finish Line profit warning (finance.yahoo.com)
- $0.83 EPS Expected for Foot Locker, Inc. (FL) This Quarter (americanbankingnews.com)
- Foot Locker – Is It A Buy At These Levels? – Seeking Alpha (seekingalpha.com)
- Foot Locker’s (FL) Buy Rating Reiterated at Barclays PLC (currenthollywood.com)
Several equities research analysts recently commented on FL shares. Jefferies Group LLC set a $80.00 price objective on Foot Locker and gave the company a “buy” rating in a research report on Saturday, May 20th. Canaccord Genuity set a $75.00 price objective on Foot Locker and gave the company a “buy” rating in a research report on Saturday, May 20th. B. Riley reaffirmed a “buy” rating and set a $79.00 price objective on shares of Foot Locker in a research report on Wednesday, May 17th. Citigroup Inc. dropped their price objective on Foot Locker from $92.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, May 22nd. Finally, Deutsche Bank AG dropped their price objective on Foot Locker from $88.00 to $74.00 and set a “buy” rating on the stock in a research report on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $66.41.
Foot Locker (FL) traded down 0.50% during mid-day trading on Monday, hitting $35.70. The company had a trading volume of 3,763,764 shares. The firm has a market capitalization of $4.71 billion, a P/E ratio of 8.25 and a beta of 0.68. The company has a 50-day moving average price of $45.77 and a 200 day moving average price of $62.02. Foot Locker has a 12 month low of $31.56 and a 12 month high of $79.43.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.28. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business posted $0.94 earnings per share. Foot Locker’s revenue was down 4.4% on a year-over-year basis. Equities analysts forecast that Foot Locker will post $3.96 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.47%. Foot Locker’s payout ratio is 28.57%.
Foot Locker Company Profile
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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