Headlines about Foot Locker (NYSE:FL) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of 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 0.03 on Accern’s scale. Accern also assigned headlines about the athletic footwear retailer an impact score of 84 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Shares Trading Near the 52-Week Low Foot Locker, Inc. (NYSE:FL) – Sparta Review (spartareview.com)
- Why Should Investors Reconsider Knight Transportation, Inc. (KNX) And Foot Locker, Inc. (FL)? – AllStockNews (allstocknews.com)
- Foot Locker Inc (FL) AO Signal Intensifying Over Past 5 Bars – Evergreen Caller (evergreencaller.com)
- The Technical Condition Changes For Foot Locker, Inc. (FL), Best Buy Co., Inc. (BBY) – AllStockNews (allstocknews.com)
- Why Foot Locker, Inc. Stock Has Lost 35% This Year – Motley Fool (fool.com)
Shares of Foot Locker (FL) opened at 46.02 on Friday. Foot Locker has a 1-year low of $44.59 and a 1-year high of $79.43. The company has a 50-day moving average of $49.33 and a 200-day moving average of $65.57. The company has a market cap of $6.04 billion, a PE ratio of 9.44 and a beta of 0.70.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Wednesday, July 12th. Foot Locker’s dividend payout ratio is presently 25.36%.
FL has been the subject of several analyst reports. Zacks Investment Research lowered shares of Foot Locker from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Cowen and Company reduced their price objective on shares of Foot Locker from $77.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, May 22nd. Deutsche Bank AG reduced their price objective on shares of Foot Locker from $88.00 to $74.00 and set a “buy” rating for the company in a research note on Monday, May 22nd. Piper Jaffray Companies set a $60.00 price objective on shares of Foot Locker and gave the company a “hold” rating in a research note on Saturday, May 20th. Finally, ValuEngine lowered shares of Foot Locker from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $74.36.
In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $59.40, for a total transaction of $332,640.00. Following the sale, 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 SEC, which is available at this link. Corporate insiders own 2.90% of the company’s stock.
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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