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Boot Barn Shares Rise on Sales Gains

By:
Lucas Downey
Published: Sep 18, 2024, 06:45 GMT+00:00

Retailer Boot Barn, Inc. (BOOT) has same-store sales increases to thank for big share gains.

Wall Street, FX Empire

In this article:

The company focuses on western wear and work gear. As western and work trends gain acceptance in mainstream fashion, the company should continue to benefit.

BOOT’s preliminary numbers for fiscal 2025’s second quarter showed a 4% gain in same-store sales on a year-over-year basis. That’s nearly four times more than figures from the fiscal first quarter.

It’s no wonder BOOT shares are up 102% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Big Money Loves Boot Barn

Institutional volumes reveal plenty. In the last year, BOOT has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in BOOT shares. They reflect our proprietary inflow signal, pushing the stock higher:

Source: www.mapsignals.com

Plenty of discretionary names are under accumulation right now. But there’s a powerful fundamental story happening with Boot Barn.

Boot Barn Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, BOOT has had strong sales and earnings growth:

  • 3-year sales growth rate (+26.2%)
  • 3-year EPS growth rate (+63.4%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +19.6%.

Now it makes sense why the stock has been powering to new heights. BOOT has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Boot Barn has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last year. The blue bars below show when BOOT was a top pick…rising with the inflows:

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Boot Barn Price Prediction

The BOOT rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in BOOT at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.

About the Author

Lucas Downeycontributor

Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.

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