Stock in Focus: Boot Barn Holdings, Inc. (BOOT)

Company Profile:

Boot Barn Holdings, Inc., a lifestyle retail chain, operates specialty retail stores in the United States. The company’s specialty retail stores offer western and work-related footwear, apparel, and accessories for men, ladies, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing. As of November 2, 2017, it operated approximately 223 stores in 31 states. The company was formerly known as WW Top Investment Corporation and changed its name to Boot Barn Holdings, Inc. in June 2014. The company was founded in 1978 and is based in Irvine, California.

Recent News:

For the third fiscal quarter ended December 30, 2017, the company reported net income per diluted share was $0.73 based on 27.6 million weighted average diluted shares outstanding. Net sales increased 12.7% to $224.7 million from $199.4 million in the prior-year period.

On Jan. 17, 2018, the company announced the pricing of a public offering of 6,000,000 shares of its common stock held by certain of its stockholders at a public offering price of $17.25 per share.

On Jan.16, 2018, the company announced the launch of a public offering of 5,500,000 shares of its common stock held by certain of its stockholders.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

BOOT’s strengths can be seen in its strong growth, better profitability and robust efficiency compared with its peers. Its revenue has increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator and RSI stands at 66.10 with positive bias. We rate Boot Barn Holdings, Inc. (BOOT) a STRONG BUY.

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