News articles about Foot Locker (NYSE:FL) have been trending somewhat positive on Thursday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog 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 media sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the athletic footwear retailer an impact score of 46.4861410884458 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
Several research analysts recently weighed in on the company. TheStreet upgraded Foot Locker from a “c+” rating to a “b-” rating in a research report on Monday. Wedbush lifted their price target on Foot Locker from $61.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, June 8th. ValuEngine cut Foot Locker from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. JPMorgan Chase & Co. lifted their price target on Foot Locker from $42.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, May 29th. Finally, Buckingham Research lifted their price target on Foot Locker from $54.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, May 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.13.
Shares of NYSE:FL opened at $56.71 on Thursday. The company has a current ratio of 3.89, a quick ratio of 2.04 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $6.55 billion, a PE ratio of 13.80, a PEG ratio of 1.88 and a beta of 0.93. Foot Locker has a 1 year low of $28.42 and a 1 year high of $59.40.
Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, May 25th. The athletic footwear retailer reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.20. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.96 billion. Foot Locker had a return on equity of 19.60% and a net margin of 3.45%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 earnings per share. research analysts anticipate that Foot Locker will post 4.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 3rd. Stockholders of record on Friday, July 20th will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, July 19th. Foot Locker’s dividend payout ratio is presently 33.58%.
In other news, CFO Lauren B. Peters sold 25,000 shares of Foot Locker stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $51.85, for a total value of $1,296,250.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.90% of the company’s stock.
About Foot Locker
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
Receive News & Ratings for Foot Locker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker and related companies with MarketBeat.com's FREE daily email newsletter.