Boot Barn (BOOT - Free Report) closed the most recent trading day at $29.59, moving +0.65% from the previous trading session. This change outpaced the S&P 500's 0.21% gain on the day. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Prior to today's trading, shares of the Western apparel and footwear retailer had gained 6.64% over the past month. This has outpaced the Retail-Wholesale sector's gain of 2.34% and the S&P 500's gain of 2.57% in that time.
Wall Street will be looking for positivity from BOOT as it approaches its next earnings report date. On that day, BOOT is projected to report earnings of $0.27 per share, which would represent 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.
Any recent changes to analyst estimates for BOOT should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.28% higher. BOOT is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that BOOT has a Forward P/E ratio of 19.45 right now. For comparison, its industry has an average Forward P/E of 13.05, which means BOOT is trading at a premium to the group.
It is also worth noting that BOOT currently has a PEG ratio of 0.94. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.23 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.