Boot Barn (BOOT - Free Report) closed at $28.87 in the latest trading session, marking a +1.69% move from the prior day. This change outpaced the S&P 500's 0.46% loss on the day. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq lost 0.63%.
Prior to today's trading, shares of the Western apparel and footwear retailer had lost 1.56% over the past month. This has lagged the Retail-Wholesale sector's gain of 1.99% and the S&P 500's gain of 1.08% in that time.
Investors will be hoping for strength from BOOT as it approaches its next earnings release. In that report, analysts expect BOOT to post earnings of $0.27 per share. This would mark year-over-year growth of 58.82%. Meanwhile, our latest consensus estimate is calling for revenue of $188.89 million, up 10.61% from the prior-year quarter.
BOOT's full-year Zacks Consensus Estimates are calling for earnings of $1.33 per share and revenue of $772.97 million. These results would represent year-over-year changes of +90% and +14.02%, respectively.
It is also important to note the recent changes to analyst estimates for BOOT. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. BOOT currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, BOOT is holding a Forward P/E ratio of 21.4. This valuation marks a premium compared to its industry's average Forward P/E of 12.69.
We can also see that BOOT currently has a PEG ratio of 1.04. 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 had an average PEG ratio of 1.31 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BOOT in the coming trading sessions, be sure to utilize Zacks.com.