Last week,
Nike Free Run 2 Verde Blanco Turquesa Precio Al Por Menor,
Nike Roshe Run Red Blanco Mujeres Guardar Descuento Grande, Foot Locker,
Nike Free Run 4.0 V3 Noir Vert Hommes Outlet Worldwide, Inc. (FL) reported a great quarter,
Nike Free Run 5.0 V4 2014 donne Pink Con sconto 56% -78%, reporting record earnings of $.90 per share ($138 million total) for the three month period ended May 4th,
Nike Roshe Run azul marino Mujeres Envío Rápido, 2013. As noted by Ken Hicks,
Nike Free 3.0 Luz Bone reflectante Plata Iguana Verde Hombres Tienda Está Especializada En La Venta De Todo Tipo De Zapatos, CEO and Chairman of the Board of Directors,
Nike Roshe Run Hombres Gris Amarillo Todo De Alta Calidad,
Nike Roshe Run Hommes Gris Noir New Green Etes-Vente à Chaud Marché, this represents the second year in a row that the company has posted record quarterly EPS figures. What is even more impressive however is that these record earnings were led in large part by strong sales growth. Yes,
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Nike Free Run 2 Drench Bleu Orange Blanc Etes-Vente à Chaud Marché, the specialty athletic retailer posted sales growth of 3.8% (4.1% excluding foreign currency losses). Store traffic also increased during the quarter as suggested by a 5.2% spike in same store sales.

Strong AcquisitionOn May 8th,
Nike Free Run Powerlines Ii Negro Hombres Luna Outlet Tienda Online Venta De Separación De 2014. Obtenga 80% De Descuento,
2012 Nike Free Run Tr Fit gris azul de los hombres Desde Nuestra Tienda, Foot Locker,
Nike Free Run 2 Oro Rojo Negro Blanco Para Zapatos Baratos, Inc. finally signed a definitive agreement to purchase Runners Point Group a German based athletic retailer that operates over 200 stores throughout Germany,
2012 Nike Free Run 3 Naranja Gris Mujeres Encuentra Grandes Ofertas y Descuentos En Los Estilos Populares y Productos Online,
Nike Free Run 3.0 mujeres azules Con El Envío Libre, The Netherlands,
Nike Roshe Run PRM Mujeres Red White Sail acolchado Zapatos 2015 Venta En Línea! 40% -80% De Descuento! Envío Gratis, Switzerland and Austria,
Nike Free Run 2 Oro Rojo Negro Blanco Entrega Rápida, and that generated roughly $255 million in revenues last year. CEO Ken Hicks believes that this acquisition will enable Foot Locker to take more traction in Germany,
Mujeres Nike Free Run 3.0 Magenta Reflect platino plata pura A La Venta Con El Envío Libre. El Precio Bajo,
2012 Nike Free Run 5.0 V3 Grigio Rosso Donne Acquista ora Risparmia Off 40% -60%,
2012 Nike Free Run 3.0 Grigio Rosa Donne Vendita Men, which he feels is the "strongest economy in Europe." Runners Point Group has an extremely low level of debt,
Nike Roshe Run premium Armada Plata Metálica Rayo Hombres Amarillo 2015 Mujeres Zapatillas De Running En La Tienda Oficial, and is growing at a fast pace. Runners Point Group has a strong portfolio of brand names as well; among them,
Nike Free Run 5.0 V3 2014 Noir Blanc Hommes Enregistrer Vous Jusqu’à 79%,
Nike Roshe Run Dyn Fw Gray Lightcyan Mujeres Hombres Tienda Online Venta Liquidación 2014, Sidestep a quickly growing,
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Nike Roshe Run edad Mujeres Hombres Marina Volt Outlet Tienda Online Venta De Separación De 2014. Obtenga 80% De Descuento,
Nike Free Run 4.0 V3 2014 Grigio Nero Blu Uomini Vendita in tutto il mondo con il grande sconto e veloce Consegna gratuita, Lululemon esque (LULU) fashion oriented athletic wear brand. The CEO also feels that the company can capitalize on RPG’s technological capabilities to grow their emerging online sales base via Tredex,
Nike Free Run 10o Aniversary azul claro púrpura Mujeres Ahorra Hasta Un 65% Al Hacer Compras En Nuestro Outlet Store, an e commerce company under the RPG umbrella.

Returning Cash to ShareholdersWhile Foot Locker was unable to buy back any shares during the acquisition period,
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Nike Roshe Run premium lobo gris Christchurch Peacock Blue Men Comprar Zapatos Con Estilo y Cómodo En Nuestra Tienda, once again,
2014 Nike Free Run Gimnasio Negro Verde Hombres Usted Puede Obtener Todos Los Estilos y Todos Los Colorways De Todos, begin repurchasing in the second quarter. The company did miss a few solid opportunities to make buybacks during the quarter (that could have resulted in a 15% gain),
Nike Free Run 3.0 V4 blancas púrpuras Mujeres Envío Rápido,
Nike Free Run Powerlines Ii Green Men Atención Al Cliente Es Nuestra Principal Prioridad, however shares have recently pulled back roughly 8% from 2013 highs representing another possibly entry point. Also,
Nike Roshe Run Dyn Fw Negro Naranja Blanco Mujeres Hombres Envío Rápido, on May 15th,
Nike Roshe Run Fb Yeezy azul del leopardo azul Mujeres Usted Puede Obtener Todos Los Estilos y Todos Los Colorways De Todos, Foot Locker announced a dividend of $.20 cents per share an increase in payout rates of roughly 5%.

Fundamentals and ValuationFoot Locker is squeaky clean. The company operates at a margin of 10% on 3.8% sales growth over the last quarter and 7.8% over last year’s quarter one. The company also holds over $1.1 billion in cash and cash equivalents with just $130 million in debt,
Plata Nike Roshe Run Suede Mujeres Hombres Azul Amarillo Entrega Rápida y Buen Clientes Servicios Están Garantizados, meaning that it can easily cover its short term liabilities with its liquid assets (current ratio=3.81).

In terms of relative valuation,
Nike Roshe Run Azul Janué Hombres Encuentra Grandes Ofertas y Descuentos En Los Estilos Populares y Productos Online, the Foot Locker has a price to forward earnings ratio of only 11.9. This number is lower than its peer group average of 17 and is actually the lowest of all 11 of its closest competitors [in terms of market capitalization and model Michael Kors (KORS),
Nike Free Run 4.0 Mujeres Luz Azul Negro Venta Auténtico, Nordstrom (JWN),
Nike Free Run Powerlines Ii Green Men En Venta, Urban Outfitters (URBN),
Nike Free Run 5.0 V4 2012 Gris Naranja Mujeres Sale Barato,
Nike Roshe Run Hombres Iguana Negro En Venta, Carter’s (CRI),
Nike Roshe Run Nm Breeze Navy Green Men Cura del cliente è la nostra massima priorità,
Nike Free Run Trainer 3.0 Nero Giallo Uomini Si può godere il prezzo economico e ottenere migliori articoli di qualità qui, Abercrombie Fitch (ANF),
Nike Free Run 4.0 V2 Dark Grey Cool Grey Volt À Vendre, to name a few]. Footlocker also seems attractive in terms of price to earnings growth rates falling in line with the industry average of 1.1.

ConclusionFoot Locker’s management team has been vigilant in controlling debt and cash flows,
Nike Free Run 3.0 V5 Ext ciruelo mujeres rojas Desde Nuestra Tienda, and seems serious about expanding into new geographic regions. "During the first quarter,
Nike Free Run 2012 di inverno delle lane della pelle Nero Blu Uomini Factory Outlet Online Store risparmiare fino al 60%, the company opened 25 new stores,
2013 Nike Free Run 5.0 Olímpico Rosa Gris Mujeres Venta, remodeled/relocated 64 stores and closed 39 stores. As of May 4,
Nike Free Run 2 azules amarillas Mujeres Encuentra Grandes Ofertas y Descuentos En Los Estilos Populares y Productos Online,
Nike Free Run Powerlines Ii Black Rose Donne Uk online Salestore, 2013,
Nike Roshe Run Hombres Iguana Negro Venta Hombres, the Company operated 3,
Nike Roshe Run mediana Rojo deportivo Blanco Mujeres Outlet Online 2015 La Venta Del Descuento! Hasta 85% De Descuento,321 stores in 23 countries in North America,
Nike Free Run 2014 Gris Púrpura Mujeres Venta Barato, Europe,
Nike Roshe Run Suede Grano Blu Donne Uomini Uk online Salestore, Australia,
Nike Free Run 3.0 V5 Ext Todos Orange Mujeres 100% Auténticos y Seguros De Pago,
Nike Free Run 3.0 V5 Ext fuoco Donne Rosso Bianco Scarpe 2015 Vendita Online! Il 40% -80% di Sconto! Spedizione Gratuita, and New Zealand." They have also closely monitored the performance of each retail location,
Nike Roshe Run Hommes Gris Jaune Pour Vente Hommes,
Nike Free Run 2 Antracita Blanco Verde Gris Negro En Venta, and plan to close 88 more poorly performing locations to open 73 new stores over the current quarter. The company does have a strong balance sheet,
Nike Roshe Run Hombres Negro total de Orange Uk Online Salestore, and record revenues,
Mujeres Nike Free Run 3 Gimnasio Rojo Blanco Reflexionar Plata Volt Con Alta Calidad, but what is more attractive is the relative valuation. Based on the pro growth strategy that Foot Locker has recently employed,
2014 Nike Free Run Gym White Women Purple Sono vendita calda On Market,
Nike Free Run 5.0 V3 2012 Blue Orange Femmes Enregistrer Vous Jusqu’à 79%, and the recent acquisition of Runners Point Group,
Nike Free Run 3.0 V5 Ext 2015 Blue Diamond White Men Avec Un Service Professionnel,
Nike Free Run 3.0 V2 Gris Negro Mujeres Venta Auténtico, I feel that Foot locker should trade at a multiple of roughly 17 times forward earnings at least in line with its industry average. This could result in a per share price in the mid 40s.

Source: Foot Locker: Daddy Needs A New Pair Of Shoes

Disclosure: I have no positions in any stocks mentioned,
Nike Free Run 2 Black Blanc Anthracite Nous Outlet Store,
Nike Roshe Run Dark Blue White Men Son Venta Caliente En El Mercado, and no plans to initiate any positions within the next 72 hours. I wrote this article myself,
2014 Nike Free Run Gym Nero Rosso Uomini Vendita Men, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More.)

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