Media coverage about Foot Locker (NYSE:FL) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public 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 0.19 on Accern’s scale. Accern also assigned media stories about the athletic footwear retailer an impact score of 45.5567618413897 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Nike Stock Could Enter New Bull Market (finance.yahoo.com)
- Analysts Offer Predictions for Foot Locker, Inc.’s Q1 2019 Earnings (FL) (americanbankingnews.com)
- FY2018 EPS Estimates for Foot Locker, Inc. Decreased by Wedbush (FL) (americanbankingnews.com)
- Coming Out Of Shadows? Foot Locker, Inc. (FL), Ekso Bionics Holdings, Inc. (EKSO) – Market Movers (financialqz.com)
- Foot Locker, Inc., (NYSE: FL), TechnipFMC plc, (NYSE: FTI), Magellan Midstream Partners, LP, (NYSE: MMP), Twenty … – Stocks In The News (press release) (tradingnewsnow.com)
Shares of Foot Locker (NYSE FL) traded down $0.15 on Thursday, reaching $40.54. 3,007,600 shares of the company traded hands, compared to its average volume of 3,473,425. Foot Locker has a 12 month low of $28.42 and a 12 month high of $79.43. The company has a market capitalization of $5,010.00, a PE ratio of 9.64, a PEG ratio of 2.76 and a beta of 0.66. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.39 and a quick ratio of 2.08.
Foot Locker (NYSE:FL) last announced its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business posted $1.13 earnings per share. Foot Locker’s quarterly revenue was down .8% on a year-over-year basis. analysts anticipate that Foot Locker will post 4.04 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s dividend payout ratio (DPR) is 31.23%.
A number of brokerages recently issued reports on FL. Morgan Stanley raised shares of Foot Locker from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $70.00 to $65.00 in a research report on Tuesday, August 8th. Canaccord Genuity lowered shares of Foot Locker from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. B. Riley restated a “neutral” rating on shares of Foot Locker in a research note on Wednesday, November 1st. FBR & Co reiterated a “hold” rating on shares of Foot Locker in a research note on Monday, August 21st. Finally, Zacks Investment Research upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $53.26.
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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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