We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Boot Barn (BOOT) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Boot Barn (BOOT - Free Report) closed at $33.81 in the latest trading session, marking a -0.24% move from the prior day. This change lagged the S&P 500's daily gain of 0.97%. Meanwhile, the Dow gained 1.35%, and the Nasdaq, a tech-heavy index, added 1.39%.
Prior to today's trading, shares of the Western apparel and footwear retailer had gained 18.37% over the past month. This has outpaced the Retail-Wholesale sector's gain of 1.48% and the S&P 500's gain of 0.64% in that time.
BOOT will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.21, up 40% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $179.48 million, up 10.8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.51 per share and revenue of $863.10 million. These totals would mark changes of +11.85% and +11.1%, respectively, from last year.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.68% higher. BOOT is currently a Zacks Rank #3 (Hold).
Digging into valuation, BOOT currently has a Forward P/E ratio of 22.47. Its industry sports an average Forward P/E of 11.86, so we one might conclude that BOOT is trading at a premium comparatively.
Also, we should mention that BOOT has a PEG ratio of 1.32. 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. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.05 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 82, which puts it in the top 33% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Boot Barn (BOOT) Stock Sinks As Market Gains: What You Should Know
Boot Barn (BOOT - Free Report) closed at $33.81 in the latest trading session, marking a -0.24% move from the prior day. This change lagged the S&P 500's daily gain of 0.97%. Meanwhile, the Dow gained 1.35%, and the Nasdaq, a tech-heavy index, added 1.39%.
Prior to today's trading, shares of the Western apparel and footwear retailer had gained 18.37% over the past month. This has outpaced the Retail-Wholesale sector's gain of 1.48% and the S&P 500's gain of 0.64% in that time.
BOOT will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.21, up 40% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $179.48 million, up 10.8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.51 per share and revenue of $863.10 million. These totals would mark changes of +11.85% and +11.1%, respectively, from last year.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.68% higher. BOOT is currently a Zacks Rank #3 (Hold).
Digging into valuation, BOOT currently has a Forward P/E ratio of 22.47. Its industry sports an average Forward P/E of 11.86, so we one might conclude that BOOT is trading at a premium comparatively.
Also, we should mention that BOOT has a PEG ratio of 1.32. 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. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.05 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 82, which puts it in the top 33% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.