How to Buy Boot Barn Holdings Stock
Boot Barn Holdings Inc
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 $153.42, up 9.94% from the previous day, and has increased 78.56% in one year. It has overperformed other stocks in the Apparel Retail industry by 0.67 percentage points. Boot Barn Holdings stock is currently +129.91% from its 52-week low of $66.73, and -5.39% from its 52-week high of $162.16.
As of Sep 10, 2024, there are 30.5M shares of BOOT outstanding. The market capitalization of BOOT is $4.68B. In the last 24 hours, 1.99M BOOT shares were traded.
How to Buy Boot Barn Holdings Stock
Wondering how to invest in Boot Barn Holdings stock? Here's how.
- Decide where to buy Boot Barn Holdings stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Boot Barn Holdings stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your method of payment and add your info.
- Evaluate Boot Barn Holdings stock: The Boot Barn Holdings ticker symbol is BOOT. Is Boot Barn Holdings stock a good investment? Should you buy shares of BOOT? How do BOOT's underlying business fundamentals look? Do top analysts think Boot Barn Holdings is a good buy? Why has BOOT's stock price moved recently? (Hint: Our stock research website can help you figure out if BOOT is a good stock to buy).
- Execute your BOOT trade: Decide if you will purchase BOOT shares at the current market price or use a limit order to buy BOOT stock at a specific price.
- Keep an eye on your BOOT investment: Create a watchlist to track your position in Boot Barn Holdings stock.
Step 1: Decide where to buy Boot Barn Holdings stock
You need an online brokerage account in order to access the NYSE market and buy BOOT stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal information so you can buy BOOT stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new trading account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've opened your account on our top ranked stock market app, you can securely and quickly fund your account:
Check out the walkthrough below if you need help transferring money into your new investment account.
Step 4: Evaluate Boot Barn Holdings stock
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.
Boot Barn Holdings shares quick numbers
Boot Barn Holdings Overview
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.
Is BOOT stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge BOOT's intrinsic value.
Using relative valuations measures:
- BOOT could be overvalued based on its P/E ratio of 30.62x, relative to Apparel Retail industry P/E ratio of 24.93x
- BOOT may be undervalued based on its P/B ratio of 4.77x, relative to Apparel Retail industry P/B ratio of 7.68x
- BOOT may be overvalued based on its PEG ratio of 2.38x
You can do additional valuation analysis on BOOT's stock here.
A look at BOOT Cashflows and Balance Sheet
Pros:
- BOOT earnings of $203.96M is not enough to cover its interest payments.
- Total BOOT debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the BOOT balance sheet.
- There are more short-term assets than long-term liabilities on the BOOT balance sheet.
- BOOT's operating cash flow of $206.59M allows it to safely service it's debt of $491.14M.
Cons:
- BOOT profit margin has gone down from 9.9% to 8.9% in the past year.
- BOOT has a relatively high debt to equity ratio of 0.81.
Is BOOT stock a Buy, Hold, or Sell, according to analysts?
Out of 9 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.
Most Recent BOOT Analyst Forecasts
John Lawrence, a top 6% analyst from Benchmark reiterates BOOT with a strong buy rating and maintains their BOOT price target from $140.00 to $140.00, on Aug 6, 2024.
Steven Zaccone, a top 23% analyst from Citigroup maintains BOOT with a strong buy rating and raises their BOOT price target from $122.00 to $154.00, on Jul 19, 2024.
Max Rakhlenko, a top 26% analyst from TD Cowen maintains BOOT with a strong buy rating and raises their BOOT price target from $120.00 to $145.00, on Jun 5, 2024.
TD Cowen's Max Rakhlenko raised their price target on Boot Barn Holdings (NYSE: BOOT) by 20.8% from $120 to $145 on 2024/06/05. The analyst maintained their Strong Buy rating on the stock.
Rakhlenko told readers they hiked their price target on Boot Barn Holdings because "the ongoing acceleration as comps inflected positive to +1.4% QTD, implying strong improvement over the past three weeks."
Jeremy Hamblin, a top 16% analyst from Craig-Hallum maintains BOOT with a buy rating and raises their BOOT price target from $120.00 to $150.00, on Jun 5, 2024.
You can dig deeper into what analysts are projecting on the Boot Barn Holdings stock forecast page.
BOOT Trading Indicators
BOOT Revenue
Last year, BOOT earnings were $151.65M. Over the last 5 year, BOOT's earnings have increased by 27.62% per year. This was faster than the Apparel Retail industry average of 10.94%.
Last year, BOOT revenue was $1.71B. In the last five year, BOOT's revenue has grown by 16.34% per year. This was faster than the Apparel Retail industry average of 7.69%.
Find out more about BOOT's earnings and revenue performance here.
Are BOOT executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at BOOT have sold more shares than they have bought.
Anne MacDonald, Director of BOOT, was the latest BOOT insider to sell. They sold $229,569.60 worth of BOOT stock on Aug 30, 2024.
Research more about who owns BOOT shares here.
Does BOOT stock generate passive income?
No, Boot Barn Holdings doesn't provide an income stream by paying out dividends.
BOOT Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your BOOT trade
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.
Press the Open button and eToro will execute your order.
If you want more assistance buying stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your BOOT investment
Now that you own some BOOT shares, you'll want to keep up with your new investment.
Put BOOT on a watchlist to get the latest updates about your BOOT stock.
BOOT Feed
How to Buy Stock in Boot Barn Holdings
To summarize, here are the 6 steps to buy stock in Boot Barn Holdings:
- Decide where to buy Boot Barn Holdings stock
- Create a brokerage account
- Put funds into your brokerage account
- Evaluate Boot Barn Holdings stock
- Execute your BOOT trade
- Keep an eye on your BOOT investment
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Boot Barn Holdings, click below.
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