Is Boot Barn Stock a Good Investment?
Boot Barn Investment Advice | BOOT |
- Examine Boot Barn's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Boot Barn's leadership team and their track record. Good management can help Boot Barn navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Specialty Retail space and any emerging trends that could impact Boot Barn's business and its evolving consumer preferences.
- Compare Boot Barn's performance and market position to its competitors. Analyze how Boot Barn is positioned in terms of product offerings, innovation, and market share.
- Check if Boot Barn pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Boot Barn's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Boot Barn Holdings stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Boot Barn Holdings is a good investment.
Sell | Buy |
Sell
Market Performance | Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Boot Barn Stock
Researching Boot Barn's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are held by institutions such as insurance companies. The book value of Boot Barn was currently reported as 33.31. The company has Price/Earnings To Growth (PEG) ratio of 1.72. Boot Barn Holdings last dividend was issued on the May 18, 2012. The entity had 25:1 split on the 29th of October 2014.
To determine if Boot Barn is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Boot Barn's research are outlined below:
| Boot Barn Holdings had very high historical volatility over the last 90 days | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from businesswire.com: Aqualectra Signs 20-Year Water-as-a-Service BOOT Agreement with Seven Seas Water Group |
Boot Barn uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Boot Barn Holdings. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Boot Barn's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 15th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of May 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of March 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Boot Barn's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Boot Barn's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2017-08-01 | 2017-06-30 | 0.02 | 0.03 | 0.01 | 50 | ||
2017-11-02 | 2017-09-30 | 0.02 | 0.04 | 0.02 | 100 | ||
2016-05-18 | 2016-03-31 | 0.12 | 0.09 | -0.03 | 25 | ||
2014-12-02 | 2014-09-30 | 0.06 | 0.09 | 0.03 | 50 | ||
2020-05-20 | 2020-03-31 | 0.27 | 0.23 | -0.04 | 14 | ||
2019-05-16 | 2019-03-31 | 0.27 | 0.32 | 0.05 | 18 | ||
2015-05-28 | 2015-03-31 | 0.12 | 0.17 | 0.05 | 41 | ||
2015-02-04 | 2014-12-31 | 0.35 | 0.4 | 0.05 | 14 |
Know Boot Barn's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Boot Barn is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Boot Barn Holdings backward and forwards among themselves. Boot Barn's institutional investor refers to the entity that pools money to purchase Boot Barn's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Ameriprise Financial Inc | 2024-06-30 | 586.4 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 577.9 K | Thrivent Financial For Lutherans | 2024-09-30 | 495.5 K | Allspring Global Investments Holdings, Llc | 2024-06-30 | 480 K | Congress Asset Management Company, Llp | 2024-09-30 | 479 K | Loomis, Sayles & Company Lp | 2024-06-30 | 478.3 K | Gilder Gagnon Howe & Co Llc | 2024-09-30 | 478 K | Franklin Resources Inc | 2024-09-30 | 420.7 K | American Century Companies Inc | 2024-09-30 | 402.3 K | Blackrock Inc | 2024-06-30 | 4.6 M | Vanguard Group Inc | 2024-09-30 | 3.3 M |
Boot Barn's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.24 B.Market Cap |
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Boot Barn's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.10 | 0.09 | |
| Return On Capital Employed | 0.14 | 0.11 | |
| Return On Assets | 0.09 | 0.05 | |
| Return On Equity | 0.16 | 0.13 |
Determining Boot Barn's profitability involves analyzing its financial statements and using various financial metrics to determine if Boot Barn is a good buy. For example, gross profit margin measures Boot Barn's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Boot Barn's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Boot Barn's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Boot Barn Holdings. Check Boot Barn's Beneish M Score to see the likelihood of Boot Barn's management manipulating its earnings.
Evaluate Boot Barn's management efficiency
Boot Barn Holdings has return on total asset (ROA) of 0.0746 % which means that it generated a profit of $0.0746 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1642 %, meaning that it created $0.1642 on every $100 dollars invested by stockholders. Boot Barn's management efficiency ratios could be used to measure how well Boot Barn manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.09 in 2024. Return On Capital Employed is likely to drop to 0.11 in 2024. Total Current Liabilities is likely to drop to about 219.3 M in 2024. Liabilities And Stockholders Equity is likely to drop to about 866.5 M in 2024| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 31.28 | 8.02 | |
| Tangible Book Value Per Share | 22.79 | (1.57) | |
| Enterprise Value Over EBITDA | 13.09 | 10.68 | |
| Price Book Value Ratio | 3.04 | 2.21 | |
| Enterprise Value Multiple | 13.09 | 10.68 | |
| Price Fair Value | 3.04 | 2.21 | |
| Enterprise Value | 505.9 M | 433.8 M |
The management team at Boot Barn has a track record of steering the company towards sustained growth. Evaluating their strategies helps in understanding the stock's long-term potential.
Beta 2.161 |
Basic technical analysis of Boot Stock
As of the 28th of November, Boot Barn shows the Risk Adjusted Performance of 0.0139, mean deviation of 1.92, and Downside Deviation of 4.04. Boot Barn Holdings technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Boot Barn's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Boot Barn insiders, such as employees or executives, is commonly permitted as long as it does not rely on Boot Barn's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Boot Barn insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Boot Barn's Outstanding Corporate Bonds
Boot Barn issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Boot Barn Holdings uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Boot bonds can be classified according to their maturity, which is the date when Boot Barn Holdings has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View |
Understand Boot Barn's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Boot Barn's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0139 | |||
| Market Risk Adjusted Performance | 0.0359 | |||
| Mean Deviation | 1.92 | |||
| Semi Deviation | 3.91 | |||
| Downside Deviation | 4.04 | |||
| Coefficient Of Variation | 12408.82 | |||
| Standard Deviation | 3.38 | |||
| Variance | 11.41 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0259 | |||
| Maximum Drawdown | 29.69 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.67 | |||
| Downside Variance | 16.33 | |||
| Semi Variance | 15.28 | |||
| Expected Short fall | (1.89) | |||
| Skewness | (2.66) | |||
| Kurtosis | 18.45 |
| Risk Adjusted Performance | 0.0139 | |||
| Market Risk Adjusted Performance | 0.0359 | |||
| Mean Deviation | 1.92 | |||
| Semi Deviation | 3.91 | |||
| Downside Deviation | 4.04 | |||
| Coefficient Of Variation | 12408.82 | |||
| Standard Deviation | 3.38 | |||
| Variance | 11.41 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0259 | |||
| Maximum Drawdown | 29.69 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.67 | |||
| Downside Variance | 16.33 | |||
| Semi Variance | 15.28 | |||
| Expected Short fall | (1.89) | |||
| Skewness | (2.66) | |||
| Kurtosis | 18.45 |
Consider Boot Barn's intraday indicators
Boot Barn intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Boot Barn stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 24884.31 | |||
| Daily Balance Of Power | (0.48) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 138.3 | |||
| Day Typical Price | 137.61 | |||
| Price Action Indicator | (3.37) | |||
| Period Momentum Indicator | (2.60) |
Boot Barn Corporate Filings
F4 | 25th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 15th of November 2024 An amendment to a previously filed Form 8-K | ViewVerify |
13A | 13th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 30th of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
Boot Stock media impact
Far too much social signal, news, headlines, and media speculation about Boot Barn that are available to investors today. That information is available publicly through Boot media outlets and privately through word of mouth or via Boot internal channels. However, regardless of the origin, that massive amount of Boot data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Boot Barn news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Boot Barn relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Boot Barn's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Boot Barn alpha.
Boot Barn Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Boot Barn can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Boot Barn Holdings Historical Investor Sentiment
Investor biases related to Boot Barn's public news can be used to forecast risks associated with an investment in Boot. The trend in average sentiment can be used to explain how an investor holding Boot can time the market purely based on public headlines and social activities around Boot Barn Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Boot Barn's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Boot Barn and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Boot Barn news discussions. The higher the estimate score, the more favorable the investor's outlook on Boot Barn.
Boot Barn Corporate Directors
| Christopher Bruzzo | Independent Director | Profile | |
| Anne MacDonald | Independent Director | Profile | |
| Brenda Morris | Independent Director | Profile | |
| Lisa Laube | Independent Director | Profile |
Additional Tools for Boot Stock Analysis
When running Boot Barn's price analysis, check to measure Boot Barn's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boot Barn is operating at the current time. Most of Boot Barn's value examination focuses on studying past and present price action to predict the probability of Boot Barn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boot Barn's price. Additionally, you may evaluate how the addition of Boot Barn to your portfolios can decrease your overall portfolio volatility.