Foot Locker (FL) Receiving Positive News Coverage, Study Finds

Media headlines about Foot Locker (NYSE:FL) have trended positive recently, according to Alpha One. The research group, a unit of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Alpha One 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 0.27 on Alpha One’s scale. Alpha One also gave media stories about the athletic footwear retailer an impact score of 72 out of 100, meaning that recent press coverage is likely to have an effect on the company’s share price in the near term.

These are some of the news headlines that may have effected AlphaOne’s scoring:

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

Foot Locker (NYSE FL) traded down 1.50% on Friday, hitting $52.04. 6,714,121 shares of the company were exchanged. Foot Locker has a 52 week low of $50.59 and a 52 week high of $79.43. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 10.68 and a beta of 0.63. The stock has a 50 day moving average of $64.78 and a 200 day moving average of $70.92.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Wednesday, July 12th. Foot Locker’s dividend payout ratio (DPR) is currently 25.36%.

Several brokerages have weighed in on FL. B. Riley reiterated a “buy” rating and issued a $79.00 price objective on shares of Foot Locker in a research note on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $88.00 price objective on shares of Foot Locker in a research note on Friday, April 21st. FBR & Co set a $76.00 price objective on shares of Foot Locker and gave the stock a “hold” rating in a research note on Monday, February 27th. Zacks Investment Research lowered shares of Foot Locker from a “buy” rating to a “hold” rating in a report on Thursday, March 2nd. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and issued a $86.00 target price on shares of Foot Locker in a report on Friday, April 21st. Eight research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Foot Locker has an average rating of “Buy” and an average target price of $74.62.

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In related news, Director Jarobin Gilbert, Jr. sold 5,600 shares of Foot Locker stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total value of $332,640.00. Following the sale, the director now owns 8,964 shares in the company, valued at $532,461.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Paulette Alviti sold 8,000 shares of Foot Locker stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $74.50, for a total transaction of $596,000.00. Following the completion of the sale, the senior vice president now owns 36,641 shares in the company, valued at approximately $2,729,754.50. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

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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