News headlines about Foot Locker (NYSE:FL) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Foot Locker earned a news sentiment score of 0.01 on Accern’s scale. Accern also assigned press coverage about the athletic footwear retailer an impact score of 47.6005199669621 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Lawsuit for Investors in Shares of Foot Locker, Inc. (NYSE: FL) Announced by Shareholders Foundation (finance.yahoo.com)
- The Klein Law Firm Notifies Investors of an Investigation Concerning Possible Violations of Federal Securities Laws by Foot Locker, Inc. (FL) (finance.yahoo.com)
- Retailers Closing Stores in 2018 (finance.yahoo.com)
- FL INVESTOR ALERT: The Law Offices of Vincent Wong Reminds … – Business Wire (press release) (businesswire.com)
- Glancy Prongay & Murray LLP Announces Investigation on Behalf of Foot Locker, Inc. Investors (FL) – Business Wire (press release) (businesswire.com)
Several brokerages recently commented on FL. Pivotal Research restated a “buy” rating and set a $57.00 target price (down previously from $65.00) on shares of Foot Locker in a report on Monday, March 5th. Buckingham Research cut their price target on shares of Foot Locker from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Monday, March 5th. Citigroup cut their price target on shares of Foot Locker from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Monday, March 5th. Zacks Investment Research cut shares of Foot Locker from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Finally, Guggenheim reiterated a “buy” rating and issued a $51.00 price target on shares of Foot Locker in a research note on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.23.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01. Foot Locker had a net margin of 3.65% and a return on equity of 19.32%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the firm earned $1.37 earnings per share. Foot Locker’s revenue for the quarter was up 4.6% compared to the same quarter last year. research analysts forecast that Foot Locker will post 4.4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 4th. Investors of record on Friday, April 20th will be given a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 3.15%. This is a positive change from Foot Locker’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, April 19th. Foot Locker’s dividend payout ratio (DPR) is currently 57.41%.
In related news, Director Jarobin Gilbert, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $43.44, for a total transaction of $65,160.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Giovanna Cipriano sold 21,000 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $50.05, for a total transaction of $1,051,050.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,442 shares of company stock worth $3,338,499. 1.73% of the stock is owned by insiders.
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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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