Somewhat Positive Press Coverage Somewhat Unlikely to Affect Foot Locker (FL) Stock Price
Press coverage about Foot Locker (NYSE:FL) has been trending somewhat positive on Wednesday, according to Accern. The research group scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Foot Locker earned a news impact score of 0.24 on Accern’s scale. Accern also assigned news headlines about the athletic footwear retailer an impact score of 45.4498185911069 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Why Foot Locker Stock Soared 42% in November (finance.yahoo.com)
- Varying Stocks – Steel Dynamics, Inc., (NASDAQ: STLD), Foot Locker, Inc., (NYSE: FL) – Stocks In The News (press release) (tradingnewsnow.com)
- Foot Locker (FL) Stock Rating Lowered by Standpoint Research (americanbankingnews.com)
- Foot Locker (FL) Rating Increased to Buy at ValuEngine (americanbankingnews.com)
- Zacks: Brokerages Anticipate Foot Locker, Inc. (FL) Will Post Quarterly Sales of $2.19 Billion (americanbankingnews.com)
Several equities analysts recently weighed in on the company. Standpoint Research downgraded Foot Locker from a “buy” rating to a “hold” rating and set a $66.00 price objective for the company. in a research note on Monday. ValuEngine raised Foot Locker from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Canaccord Genuity set a $42.00 price objective on Foot Locker and gave the company a “hold” rating in a research report on Tuesday, November 21st. Buckingham Research lifted their price objective on Foot Locker from $29.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, November 20th. Finally, Susquehanna Bancshares lifted their target price on Foot Locker from $37.00 to $50.00 and gave the company a “positive” rating in a report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company. Foot Locker currently has an average rating of “Hold” and a consensus target price of $53.26.
Foot Locker (NYSE:FL) last released its earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the company earned $1.13 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. equities analysts forecast that Foot Locker will post 4.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s dividend payout ratio (DPR) is presently 31.16%.
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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