Foot Locker Stock Hits New 52-Week High (FL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Foot Locker (NYSE: FL) hit a new 52-week high Friday as it is currently trading at $35.86, above its previous 52-week high of $34.92 with 707,073 shares traded as of 9:35 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Foot Locker has a market cap of $5.25 billion and is part of the services sector and retail industry. Shares are up 43.8% 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 17, 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Foot Locker Ratings Report.

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