This Day On The Street
Continue to site
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

8 Footwear Stocks With Upside

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 - Get Report) 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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DECK $58.66 1.50%
CROX $8.42 0.84%
NKE $59.63 1.20%
SHOO $35.14 0.37%
UA $43.73 -0.48%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,082.49 +17.19 0.83%
NASDAQ 4,819.3120 +43.9540 0.92%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs