Foot Locker (FL) Receiving Somewhat Critical News Coverage, Analysis Finds

News headlines about Foot Locker (NYSE:FL) have been trending somewhat negative recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Foot Locker earned a daily sentiment score of -0.02 on Accern’s scale. Accern also assigned news coverage about the athletic footwear retailer an impact score of 43.2847888660124 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have effected Accern’s rankings:

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FL traded down $1.45 on Friday, reaching $46.46. The company had a trading volume of 1,954,234 shares, compared to its average volume of 3,086,363. The company has a market capitalization of $5,631.18, a P/E ratio of 11.30, a P/E/G ratio of 1.63 and a beta of 0.85. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.14 and a quick ratio of 2.07. Foot Locker has a 52-week low of $28.42 and a 52-week high of $77.86.

Foot Locker (NYSE:FL) last announced its earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.01. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.23 billion. Foot Locker had a net margin of 3.65% and a return on equity of 19.32%. Foot Locker’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $1.37 earnings per share. equities analysts anticipate that Foot Locker will post 4.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 4th. Investors of record on Friday, April 20th will be paid a $0.345 dividend. This is an increase from Foot Locker’s previous quarterly dividend of $0.31. This represents a $1.38 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, April 19th. Foot Locker’s dividend payout ratio (DPR) is currently 30.17%.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Foot Locker from a “hold” rating to a “strong-buy” rating and set a $57.00 target price for the company in a research report on Friday, February 2nd. Wedbush reiterated an “outperform” rating on shares of Foot Locker in a research report on Monday, February 5th. OTR Global upgraded shares of Foot Locker to a “positive” rating in a research report on Friday, February 9th. Buckingham Research lowered their price target on shares of Foot Locker from $57.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, March 5th. Finally, Barclays increased their price target on shares of Foot Locker from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the stock. Foot Locker currently has an average rating of “Hold” and a consensus target price of $54.75.

In other Foot Locker news, SVP Giovanna Cipriano sold 21,000 shares of Foot Locker stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $50.05, for a total transaction of $1,051,050.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew M. Mckenna sold 10,899 shares of Foot Locker stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total transaction of $499,392.18. Following the transaction, the director now directly owns 35,000 shares in the company, valued at $1,603,700. The disclosure for this sale can be found here. Insiders sold 69,442 shares of company stock worth $3,338,499 over the last ninety days. 2.90% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for Foot Locker (NYSE:FL)

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