Somewhat Positive Press Coverage Likely to Impact Foot Locker (FL) Stock Price
Press coverage about Foot Locker (NYSE:FL) has been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded 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 0.18 on Accern’s scale. Accern also gave news coverage about the athletic footwear retailer an impact score of 77 out of 100, meaning that recent media coverage is likely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Foot Locker, Inc. (FL) Trades at New 52-Week High – Highlight Press (highlightpress.com)
- Foot Locker (FL) Down 26.1% Since Earnings Report: Can It Rebound? – Nasdaq (nasdaq.com)
- Foot Locker, Inc. (FL) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Foot Locker, Inc. (FL) Given Positive Rating at Susquehanna Bancshares Inc (americanbankingnews.com)
Shares of Foot Locker (FL) traded down 4.93% on Wednesday, hitting $47.85. 6,287,583 shares of the stock were exchanged. Foot Locker has a one year low of $44.87 and a one year high of $79.43. The firm has a market capitalization of $6.28 billion, a PE ratio of 9.82 and a beta of 0.63. The company has a 50-day moving average price of $63.30 and a 200-day moving average price of $70.57.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Wednesday, July 12th. Foot Locker’s dividend payout ratio is currently 25.36%.
Several research analysts have commented on FL shares. B. Riley reissued a “buy” rating and issued a $79.00 price objective on shares of Foot Locker in a research report on Tuesday, February 21st. Brean Capital reaffirmed a “buy” rating and set a $78.00 target price (up from $77.00) on shares of Foot Locker in a research report on Wednesday, February 22nd. Deutsche Bank AG reaffirmed a “buy” rating and set a $81.00 target price (up from $76.00) on shares of Foot Locker in a research report on Wednesday, February 22nd. Canaccord Genuity lifted their target price on Foot Locker from $83.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. Finally, Piper Jaffray Companies set a $76.00 price objective on Foot Locker and gave the company a “hold” rating in a report on Friday, February 24th. Eight investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $74.62.
In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 8,964 shares in the company, valued at approximately $532,461.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paulette Alviti sold 8,000 shares of the business’s stock in a transaction that occurred 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 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. Insiders own 1.73% 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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