Boot Barn Holdings Inc (BOOT) is looking forward to a strong quarter

With 0.73 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.01 million shares. The 52-week range on BOOT shows that it touched its highest point at $176.64 and its lowest point at $86.17 during that stretch. It currently has a 1-year price target of $159.00. Beta for the stock currently stands at 1.57.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BOOT was up-trending over the past week, with a rise of 3.66%, but this was up by 13.45% over a month. Three-month performance dropped to -15.94% while six-month performance fell -9.61%. The stock gained 14.44% in the past year, while it has lost -22.51% so far this year. A look at the trailing 12-month EPS for BOOT yields 5.60 with Next year EPS estimates of 6.18. For the next quarter, that number is 1.24. This implies an EPS growth rate of 22.29% for this year and 5.15% for next year. EPS is expected to grow by 12.63% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 28.81%.

Float and Shares Shorts:

At present, 30.59 million BOOT shares are outstanding with a float of 30.37 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BOOT since 9 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.7466 being high and $4.69663 being low. For BOOT, this leads to a yearly average estimate of $4.72661.