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 $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.
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.
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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.
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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 undervalued based on its P/E ratio of 13.39x, relative to Apparel Retail industry P/E ratio of 35.19x
- BOOT may be undervalued based on its P/B ratio of 2.56x, relative to Apparel Retail industry P/B ratio of 7.44x
- BOOT may be undervalued based on its PEG ratio of 0.71x
You can do additional valuation analysis on BOOT's stock here.
A look at BOOT Cashflows and Balance Sheet
Pros:
- BOOT earnings of $220.45M 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 $296.48M allows it to safely service it's debt of $413.69M.
Cons:
- BOOT profit margin has gone down from 11.7% to 9.5% in the past year.
- BOOT has a relatively high debt to equity ratio of 0.85.
Is BOOT stock a Buy, Hold, or Sell, according to analysts?
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.
Most Recent BOOT Analyst Forecasts
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.
Earnings Report
For Q1 2024, Boot Barn reported:
- EPS of $1.13, which beat the Zacks Consensus Estimate of $0.84 but missed Q1 2023’s $1.29 by 12.4%.
- Revenue of $383.7M, which beat the Zacks Consensus Estimate of $362.49M and, by 4.9%, Q1 2023’s $365.86M.
Management guided:
For Q2 2024:
- EPS of $0.84 to $0.90.
- Revenue of $372M to $379M.
For FY 2024:
- EPS of $5.05 to $5.35.
- Revenue of $1.715B to $1.748B.
- To open 52 new stores.
- Capex of $90M to $95M.
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.
BOOT Trading Indicators
BOOT Revenue
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.
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.
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.
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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