Media headlines about Foot Locker (NYSE:FL) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Foot Locker earned a media sentiment score of 0.00 on Accern’s scale. Accern also assigned press coverage about the athletic footwear retailer an impact score of 44.1089370957086 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- FL EQUITY ALERT: The Law Offices of Vincent Wong Reminds Investors of Commencement of a Class Action Involving Foot Locker, Inc. and a Lead Plaintiff Deadline of May 8, 2018 (finance.yahoo.com)
- Could Footwear Retailers’ Margins Improve in 2018? (finance.yahoo.com)
- Comparing Dick’s Sporting Goods’ Valuation and Dividend Yield (finance.yahoo.com)
- Analysts Upbeat about Footwear Retailers’ Earnings Growth in 2018 (finance.yahoo.com)
- Retail Analyst: Foot Locker, Skechers And Steve Madden Poised To Run Higher (benzinga.com)
FL has been the subject of a number of analyst reports. Pivotal Research started coverage on shares of Foot Locker in a report on Thursday, January 25th. They set a “buy” rating and a $65.00 price objective for the company. Zacks Investment Research upgraded shares of Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Tuesday, December 26th. Canaccord Genuity set a $67.00 price target on shares of Foot Locker and gave the company a “buy” rating in a report on Sunday, January 7th. Buckingham Research upgraded shares of Foot Locker from a “neutral” rating to a “buy” rating and set a $57.00 price target for the company in a report on Friday, January 5th. Finally, Guggenheim reiterated a “buy” rating and issued a $51.00 price target on shares of Foot Locker in a report on Friday, March 2nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $54.79.
NYSE FL traded down $0.43 on Thursday, hitting $41.64. 3,084,922 shares of the stock were exchanged, compared to its average volume of 3,573,600. The company has a current ratio of 4.14, a quick ratio of 2.07 and a debt-to-equity ratio of 0.05. Foot Locker has a 52 week low of $28.42 and a 52 week high of $77.86. The firm has a market capitalization of $5,135.46, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 1.49 and a beta of 0.85.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.01. Foot Locker had a net margin of 3.65% and a return on equity of 19.32%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. research analysts anticipate that Foot Locker will post 4.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 4th. Shareholders of record on Friday, April 20th will be given a dividend of $0.345 per share. This is a positive change from Foot Locker’s previous quarterly dividend of $0.31. This represents a $1.38 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, April 19th. Foot Locker’s dividend payout ratio is 30.17%.
In other news, SVP Giovanna Cipriano sold 21,000 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $50.05, for a total value of $1,051,050.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard A. Johnson sold 25,000 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $50.05, for a total transaction of $1,251,250.00. The disclosure for this sale can be found here. Insiders have sold 58,543 shares of company stock worth $2,839,107 over the last ninety days. Insiders own 2.90% of the company’s stock.
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Foot Locker Company Profile
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.
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