Foot Locker Reaches New 52-Week High (FL)

NEW YORK ( TheStreet) -- Foot Locker (NYSE: FL) hit a new 52-week high Tuesday as it is currently trading at $30.50, above its previous 52-week high of $30.47 with 994,479 shares traded as of 3:30 p.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Foot Locker has a market cap of $3.94 billion and is part of the services sector and retail industry. Shares are up 26.1% year to date as of the close of trading on Monday.

Foot Locker, Inc., together with its subsidiaries, operates as a retailer of athletic footwear and apparel. The company operates in two segments, Athletic Stores and Direct-to-Customers. The company has a P/E ratio of 27.8, above the average retail industry P/E ratio of 16 and above the S&P 500 P/E ratio of 17.7.

TheStreet 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Foot Locker Ratings Report.

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