News headlines about Foot Locker (NYSE:FL) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Foot Locker earned a news impact score of 0.22 on Accern’s scale. Accern also gave press coverage about the athletic footwear retailer an impact score of 46.9536440154753 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s analysis:
FL has been the topic of several recent research reports. Cowen set a $40.00 target price on shares of Foot Locker and gave the company a “hold” rating in a report on Saturday, November 18th. Zacks Investment Research upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Deutsche Bank upgraded shares of 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 report on Friday, November 17th. Wells Fargo & Co set a $42.00 price target on shares of Foot Locker and gave the stock a “hold” rating in a research note on Monday, November 20th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $39.00 price target on shares of Foot Locker in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $53.82.
Foot Locker (NYSE FL) traded up $1.15 on Friday, hitting $47.45. 3,281,041 shares of the stock traded hands, compared to its average volume of 4,180,000. The company has a market cap of $5,750.00, a P/E ratio of 11.95, a P/E/G ratio of 2.32 and a beta of 0.82. Foot Locker has a one year low of $28.42 and a one year high of $77.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.41 and a quick ratio of 2.09.
Foot Locker (NYSE:FL) last released its earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 EPS. sell-side analysts expect that Foot Locker will post 4.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s payout ratio is currently 31.23%.
In other news, Director Matthew M. Mckenna sold 10,899 shares of Foot Locker stock in a transaction dated 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 approximately $1,603,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.90% of the company’s stock.
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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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