This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

8 Footwear Stocks With Upside

Stocks in this article: UA NKE WWW DECK BOOT SHOO CROX KSWS

NEW YORK ( TheStreet) -- More than 37% of shoppers and 42% of women shoppers intend to do part of their holiday shopping by Halloween, falling on Oct. 31, 2011, reports a National Retail Federation (NRF) consumer survey. Retailers are elated as they are close to the forecasted $450 billion of holiday spending.

ShopperTrak, a Chicago-based consulting firm, reports retail sales are likely to increase by 3% during Nov.- Dec. 2011. Retail sales in the U.S. sprinted 7.2% in August compared to the same month in 2010, as per the Commerce Department.

Based on latest quarterly results and analysts' buy, hold recommendations, these eight footwear stocks have potential upsides ranging from 16% to 132%. On average, these stocks have buy recommendation of 56% and hold rating of 30%, based on a Bloomberg consensus.

The stocks are listed in ascending order of upside potential.

8. Under Armour (UA) engages in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth.

Of the 27 analysts covering the stock, 33% recommend buying and 63% suggest a hold. The stock's average 12-month price target is $76.00, which is 17.7% higher than the current price, as per a Bloomberg consensus.

For the second quarter of 2011, the company reported net revenue of $291.3 million, an increase of 42% from the same quarter prior year. Diluted earnings per share rose to 12 cents from 7 cents recorded in the second quarter of 2010. Net income increased to $6.2 million in the second quarter of 2011 compared with $3.5 million in the second quarter of 2010.

The company has raised its full year revenue guidance to a range of $1.42 to $1.44 billion from the previous view of $1.37 to $1.39 billion, indicating 33% to 35% growth over 2010 levels. Meanwhile, operating income guidance range is raised to $155 to $160 million from the earlier range of $149 to $153 million, up 38% to 42% from 2010 levels.

1 of 8

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs