Trade-Ideas LLC identified

Foot Locker

(

FL

) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Foot Locker as such a stock due to the following factors:

  • FL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $193.5 million.
  • FL traded 11,288 shares today in the pre-market hours as of 8:00 AM.
  • FL is up 3.5% today from yesterday's close.

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More details on FL:

Foot Locker, Inc. operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The stock currently has a dividend yield of 1.7%. FL has a PE ratio of 18. Currently there are 13 analysts that rate Foot Locker a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for Foot Locker has been 2.4 million shares per day over the past 30 days. Foot Locker has a market cap of $9.1 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 0.54 and a short float of 15.4% with 7.78 days to cover. Shares are up 2.6% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Foot Locker as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • Despite its growing revenue, the company underperformed as compared with the industry average of 8.0%. Since the same quarter one year prior, revenues slightly increased by 3.6%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • FL's debt-to-equity ratio is very low at 0.05 and is currently below that of the industry average, implying that there has been very successful management of debt levels.
  • Net operating cash flow has slightly increased to $80.00 million or 3.89% when compared to the same quarter last year. Despite an increase in cash flow, FOOT LOCKER INC's average is still marginally south of the industry average growth rate of 10.35%.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Specialty Retail industry and the overall market on the basis of return on equity, FOOT LOCKER INC has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.

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