Boot Barn Holdings Inc (NYSE: BOOT) has reported earnings for its fourth fiscal quarter (ending March 31) of $0.97 versus $1.55 for the same period a year ago — a decline of -37%. However, this performance was $0.05 better than the consensus estimate of $0.92. For the latest four quarters through March 31, E.P.S. were $4.87 compared to $5.72 a year ago — a decline of -15%.
Recent Price Action
Boot Barn Holdings Inc (NYSE: BOOT) stock rose slightly by 0.2% on 5/14/24. The stock closed at $107.03. Moreover, this advance was accompanied by exceptionally high trading volume at 237% of normal. The stock has been strong relative to the market over the last nine months and has risen 2.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, BOOT is expected to continue to be a Value Builder.
Boot Barn Holdings has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Boot Barn Holdings has a neutral Appreciation Score of 46 but a good Power Rating of 74, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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