Boot Barn Holdings is a apparel company located in California, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker BOOT on the NYSE exchange.
Boot Barn Holdings stock last closed at $72.02, up 1.58% from the previous day, and has increased 14.74% in one year. It has overperformed other stocks in the Apparel Retail industry by 0.24 percentage points. Boot Barn Holdings stock is currently +27.2% from its 52-week low of $56.62, and -31.35% from its 52-week high of $104.91.
As of Nov 28, 2023, there are 30.28M shares of BOOT outstanding. The market capitalization of BOOT is $2.18B. In the last 24 hours, 614,558 BOOT shares were traded.
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After you have identified the best place to buy Boot Barn Holdings stock, it's very important to evaluate their stock prior to buying, so you actually understand the risk and upside.
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on BOOT's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge BOOT's intrinsic value.
Using relative valuations measures:
You can do additional valuation analysis on BOOT's stock here.
Out of 8 Equities analysts who give ratings on BOOT, the consensus analyst rating on BOOT is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Jason Haas, a top 22% analyst from Bank of America maintains BOOT with a strong buy rating and raises their BOOT price target from $80.00 to $113.00, on Aug 3, 2023.
Bank of America's Jason Haas raised their price target on Boot Barn Holdings (NYSE: BOOT) by 41.3% from $80 to $113 on 2023/08/03. The analyst maintained their Strong Buy rating on the stock.
Leaving Boot Barn's 2023/08/02 Q1 2024 earnings call, the analyst termed the company "an underappreciated unit grower."
Hass added that management's revised guidance "will likely prove conservative again" given Q1's EPS beat.
For Q1 2024, Boot Barn reported:
For Q2 2024:
For FY 2024:
CEO Jim Conroy, commented “I am quite pleased with the results of the quarter as we exceeded our quarterly guidance across nearly every measure.
“Total revenue continued to grow, driven by the performance of new stores.
“From a same store sales growth perspective, we saw a modest 2.9% decline despite cycling outsized comp sales growth in the first quarter for each of the past two years.
“Once again, we were able to expand our merchandise margin through a significant increase in the penetration of our margin enhancing exclusive brands which reached 38% of sales for the quarter.
“Earnings also surpassed our expectations, driven by a steadily improving retail store same store sales trend which turned positive in June and remained positive in 2023/07.
“While uncertainty in the macro environment persists, we are pleased with the positive momentum we have seen in the business.”
John Lawrence, a top 15% analyst from Benchmark reiterates BOOT with a strong buy rating and maintains their BOOT price target from $90.00 to $90.00, on Jul 31, 2023.
Janine Stichter, a bottom 15% analyst from BTIG maintains BOOT with a strong buy rating and raises their BOOT price target from $90.00 to $98.00, on Jul 5, 2023.
You can dig deeper into what analysts are projecting on the Boot Barn Holdings stock forecast page.
Last year, BOOT earnings were $161.11M. Over the last 5 year, BOOT's earnings have increased by 30.71% per year. This was faster than the Apparel Retail industry average of 8.75%.
Last year, BOOT revenue was $1.70B. In the last five year, BOOT's revenue has grown by 18.54% per year. This was faster than the Apparel Retail industry average of 9.49%.
Find out more about BOOT's earnings and revenue performance here.
In the past 12 months, insiders at BOOT have sold more shares than they have bought.
James M. Watkins, CFO SECRETARY of BOOT, was the latest BOOT insider to sell. They sold $1,135,293.81 worth of BOOT stock on Nov 7, 2023.
Research more about who owns BOOT shares here.
No, Boot Barn Holdings doesn't provide an income stream by paying out dividends.
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