Foot Locker (FL) Given News Sentiment Rating of 0.21
Media coverage about Foot Locker (NYSE:FL) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative 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 one, with scores closest to one being the most favorable. Foot Locker earned a news impact score of 0.21 on Accern’s scale. Accern also gave media headlines about the athletic footwear retailer an impact score of 45.5907608836649 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Stick With The Foot Locker Rally – Seeking Alpha (seekingalpha.com)
- Brokers Issue Forecasts for Foot Locker, Inc.’s Q3 2018 Earnings (FL) (americanbankingnews.com)
- Stock Traders Buy High Volume of Put Options on Foot Locker (NYSE:FL) (americanbankingnews.com)
- Wedbush latest to back Foot Locker – Seeking Alpha (seekingalpha.com)
- Foot Locker: Alive And Kicking – Seeking Alpha (seekingalpha.com)
Several brokerages recently weighed in on FL. Jefferies Group LLC reaffirmed a “buy” rating and issued a $88.00 price target on shares of Foot Locker in a research note on Friday, April 21st. B. Riley reaffirmed a “buy” rating and issued a $79.00 price target on shares of Foot Locker in a research note on Thursday, April 20th. Canaccord Genuity set a $75.00 price target on Foot Locker and gave the stock a “buy” rating in a research note on Saturday, May 20th. Piper Jaffray Companies set a $60.00 price target on Foot Locker and gave the stock a “hold” rating in a research note on Saturday, May 20th. Finally, Citigroup Inc. reduced their price target on Foot Locker from $92.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, May 22nd. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $72.92.
Foot Locker (FL) traded up 0.43% during midday trading on Friday, hitting $49.30. The company had a trading volume of 2,545,323 shares. The stock has a 50 day moving average price of $48.35 and a 200-day moving average price of $64.09. Foot Locker has a 52 week low of $44.59 and a 52 week high of $79.43. The stock has a market capitalization of $6.47 billion, a PE ratio of 10.11 and a beta of 0.68. Foot Locker also was the recipient of unusually large options trading on Tuesday. Investors acquired 11,770 put options on the stock. This represents an increase of 447% compared to the average volume of 2,150 put options.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were paid a dividend of $0.31 per share. The ex-dividend date was Wednesday, July 12th. This represents a $1.24 annualized dividend and a yield of 2.52%. Foot Locker’s dividend payout ratio (DPR) is 25.36%.
In related news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $59.40, for a total transaction of $332,640.00. Following the transaction, the director now directly owns 8,964 shares in the company, valued at approximately $532,461.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.90% of the stock is owned by 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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