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Is Boot Barn (BOOT) a Great Value Stock Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Boot Barn (BOOT - Free Report) is a stock many investors are watching right now. BOOT is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
BOOT is also sporting a PEG ratio of 0.67. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. BOOT's industry currently sports an average PEG of 1.28. Over the last 12 months, BOOT's PEG has been as high as 1.68 and as low as 0.67, with a median of 1.02.
Another notable valuation metric for BOOT is its P/B ratio of 2.55. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 3.97. Over the past 12 months, BOOT's P/B has been as high as 3.88 and as low as 1.84, with a median of 2.67.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Boot Barn is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, BOOT feels like a great value stock at the moment.
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Is Boot Barn (BOOT) a Great Value Stock Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Boot Barn (BOOT - Free Report) is a stock many investors are watching right now. BOOT is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
BOOT is also sporting a PEG ratio of 0.67. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. BOOT's industry currently sports an average PEG of 1.28. Over the last 12 months, BOOT's PEG has been as high as 1.68 and as low as 0.67, with a median of 1.02.
Another notable valuation metric for BOOT is its P/B ratio of 2.55. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 3.97. Over the past 12 months, BOOT's P/B has been as high as 3.88 and as low as 1.84, with a median of 2.67.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Boot Barn is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, BOOT feels like a great value stock at the moment.