Somewhat Positive Media Coverage Somewhat Unlikely to Affect Foot Locker (FL) Share Price
News headlines about Foot Locker (NYSE:FL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Foot Locker earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the athletic footwear retailer an impact score of 47 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern’s rankings:
- Foot Locker, Inc. To Report Third Quarter Financial Results On Friday, November 17, 2017 (finance.yahoo.com)
- Investor’s Alert (Technicals Data Analysis): Foot Locker Inc (NYSE: FL) – Alpha Beta Stock (alphabetastock.com)
- Foot Locker Inc (NYSE: FL) – Stock to Watch – Alpha Beta Stock (alphabetastock.com)
- Stocks Analysis – Mondelez International, Inc. (NASDAQ:MDLZ), Foot Locker, Inc. (NYSE:FL) – The Stock Street (press release) (thestreetpoint.com)
- Foot Locker and TechnipFMC Rose on October 26 (finance.yahoo.com)
Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.28). The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.80 billion. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.94 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were issued a $0.31 dividend. The ex-dividend date was Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a yield of 4.12%. Foot Locker’s dividend payout ratio is presently 28.57%.
A number of research firms have issued reports on FL. Robert W. Baird reiterated a “hold” rating and issued a $37.00 target price on shares of Foot Locker in a research note on Sunday. Cowen and Company set a $37.00 target price on Foot Locker and gave the company a “hold” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded Foot Locker from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Buckingham Research cut Foot Locker from a “buy” rating to a “neutral” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $39.00 target price on shares of Foot Locker in a research note on Friday, October 20th. Two equities 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. The company has a consensus rating of “Hold” and a consensus target price of $61.22.
TRADEMARK VIOLATION NOTICE: “Somewhat Positive Media Coverage Somewhat Unlikely to Affect Foot Locker (FL) Share Price” was first published by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-foot-locker-fl-share-price/1672961.html.
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.
Receive News & Ratings for Foot Locker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.