Foot Locker Stock Gaps Up On Today's Open (FL)

NEW YORK ( TheStreet) -- Shares of Foot Locker (NYSE: FL) were gapping up Friday morning with an open price 13% higher than Thursday's closing price. The stock closed at $28.01 Thursday and opened today's trading at $31.64.

The average volume for Foot Locker has been 2.1 million shares per day over the past 30 days. Foot Locker has a market cap of $4.39 billion and is part of the services sector and retail industry. Shares are up 17.5% year to date as of the close of trading on Thursday.

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 16.1, equal to the average retail industry P/E ratio and below 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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