News stories about Foot Locker (NYSE:FL) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. 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 news impact score of 0.21 on Accern’s scale. Accern also gave media headlines about the athletic footwear retailer an impact score of 46.2059075866515 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Should You Be Concerned About Foot Locker Inc’s (NYSE:FL) -17.42% Earnings Decline? (finance.yahoo.com)
- Comparing Stein Mart (SMRT) and Foot Locker (FL) (americanbankingnews.com)
- Foot Locker, Inc. To Report Fourth Quarter And Full Year Financial Results On Friday, March 2, 2018 (finance.yahoo.com)
- Foot Locker (FL) to Release Quarterly Earnings on Thursday (americanbankingnews.com)
- Foot Locker, Avis Budget Group, Chipotle and Yum Brands highlighted as Zacks Bull and Bear of the Day (finance.yahoo.com)
Several equities research analysts have issued reports on the company. Pivotal Research assumed coverage on Foot Locker in a report on Thursday, January 25th. They set a “buy” rating and a $65.00 price objective on the stock. Wedbush restated an “outperform” rating and set a $59.00 price objective (up from $52.00) on shares of Foot Locker in a report on Thursday, January 25th. Barclays lifted their price objective on Foot Locker from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Oppenheimer upgraded Foot Locker from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a report on Wednesday, January 31st. Finally, ValuEngine downgraded Foot Locker from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $56.15.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. sell-side analysts forecast that Foot Locker will post 4.1 EPS for the current year.
In related news, SVP Giovanna Cipriano sold 21,000 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $50.05, for a total transaction of $1,051,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard A. Johnson sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $50.05, for a total value of $1,251,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 56,899 shares of company stock valued at $2,801,692 in the last 90 days. 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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