#4 - Boot Barn Holdings Inc. (NYSE:BOOT)
Boot Barn Holdings Inc. (NYSE: BOOT) - Another niche player that is enjoying a surge in their stock price is Boot Barn. In the last three years, the company has seen its shares rise nearly 30%. While this trails the S&P 500 over the same period, the same can’t be said for the last 12 months. In that time frame, the company’s stock price has shot up 237%. And while the stock is now sitting at right about its 52-week high, analysts are projecting growth on both its top and bottom lines, helping to fuel speculation that the stock still has room to grow.
The company has seemed to find a sweet spot between the opening of new stores and the trend towards positive consumer spending in the area of apparel. That was evident in the first quarter of 2018 when gross margins increased from 29.7% to 31.8%
In the current quarter, revenues are expected to reach $161.55 million, an increase of almost 13%. And on the top line, the company is expected to reach $757.54 million, an increase of nearly 12%. On the EPS front, Boot Barn is projecting their full-year EPS to reach $1.15 per share, an increase of over 64% from current levels. The estimates are supported by analysts many of whom are positively revising the stock’s earnings estimates.
About Boot Barn
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, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.
Read More - Current Price
- $113.55
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $110.45 (2.7% Downside)
