Headlines about Foot Locker (NYSE:FL) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Foot Locker earned a coverage optimism score of 0.03 on Accern’s scale. Accern also gave news articles about the athletic footwear retailer an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- The Foot Locker, Inc. (NYSE:FL) Position Cut by Colony Group LLC (cote-ivoire.com)
- Highbridge Capital Management LLC Takes Position in Foot Locker, Inc. (NYSE:FL) (campdesrecrues.com)
- TimesSquare Capital Management LLC Lowers Stake in Foot Locker, Inc. (NYSE:FL) (fumbleboard.com)
- Foot Locker (FL) Earns Daily News Impact Score of 0.15 (ibusinesslines.com)
- Downtrend Call Working As Foot Locker Inc Stock Falls 30.3% (FL) (mysmartrend.com)
Shares of Foot Locker (NYSE:FL) traded down 3.131% during trading on Monday, hitting $48.415. The stock had a trading volume of 3,609,062 shares. Foot Locker has a 12-month low of $44.87 and a 12-month high of $79.43. The stock has a market capitalization of $6.36 billion, a P/E ratio of 9.933 and a beta of 0.70. The stock’s 50-day moving average is $57.60 and its 200-day moving average is $69.18.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $1.24 annualized dividend and a dividend yield of 2.48%. Foot Locker’s dividend payout ratio (DPR) is presently 25.36%.
FL has been the topic of a number of recent analyst reports. Zacks Investment Research raised Foot Locker from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Monday, March 20th. Deutsche Bank AG reaffirmed a “buy” rating and set a $88.00 target price (down from $89.00) on shares of Foot Locker in a research report on Sunday, April 23rd. B. Riley reissued a “buy” rating and set a $79.00 price target on shares of Foot Locker in a research report on Friday, May 12th. Jefferies Group LLC reissued a “buy” rating and set a $88.00 price target on shares of Foot Locker in a research report on Friday, April 21st. Finally, Buckingham Research raised Foot Locker from a “neutral” rating to a “buy” rating and upped their price target for the company from $77.00 to $89.00 in a research report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Foot Locker presently has an average rating of “Buy” and an average target price of $74.83.
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In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total transaction of $332,640.00. Following the completion of the transaction, the director now directly owns 8,964 shares in the company, valued at $532,461.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paulette Alviti sold 8,000 shares of the company’s stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $74.50, for a total transaction of $596,000.00. Following the transaction, the senior vice president now owns 36,641 shares of the company’s stock, valued at $2,729,754.50. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.
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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