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Are Investors Undervaluing Boot Barn (BOOT) Right Now?
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Boot Barn (BOOT - Free Report) . BOOT is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Investors will also notice that BOOT has a PEG ratio of 0.70. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BOOT's industry currently sports an average PEG of 1.20. BOOT's PEG has been as high as 1.32 and as low as 0.49, with a median of 0.93, all within the past year.
We should also highlight that BOOT has a P/B ratio of 2.81. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 3.73. Within the past 52 weeks, BOOT's P/B has been as high as 3.88 and as low as 1.87, with a median of 2.73.
These are only a few of the key metrics included in Boot Barn's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, BOOT looks like an impressive value stock at the moment.
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Are Investors Undervaluing Boot Barn (BOOT) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Boot Barn (BOOT - Free Report) . BOOT is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Investors will also notice that BOOT has a PEG ratio of 0.70. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BOOT's industry currently sports an average PEG of 1.20. BOOT's PEG has been as high as 1.32 and as low as 0.49, with a median of 0.93, all within the past year.
We should also highlight that BOOT has a P/B ratio of 2.81. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 3.73. Within the past 52 weeks, BOOT's P/B has been as high as 3.88 and as low as 1.87, with a median of 2.73.
These are only a few of the key metrics included in Boot Barn's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, BOOT looks like an impressive value stock at the moment.