B. Riley Securities Gives Boot Barn Holdings a Buy Rating

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Boot Barn ($NYSE:BOOT) Holdings Inc. has recently been given a Buy rating from B. Riley Securities, according to Knox Daily. Boot Barn Holdings Inc. is a publicly traded lifestyle retail company that specializes in western and work apparel, footwear, and accessories. Its stores offer a wide selection of branded and private label products for men, women, and children, along with work wear and home décor. The company also has an e-commerce business, offering its merchandise to customers online.

Price History

The stock opened at $74.4 and closed at $73.0, representing a 3.0% decrease from the previous day’s closing price of $75.3. With this rating and despite the slight dip in price, Boot Barn Holdings Inc. remains a desirable stock to purchase for many investors. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Boot Barn. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Boot Barn. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Boot Barn. More…

Key Ratios Snapshot

Some of the financial key ratios for Boot Barn are shown below. More…

Analysis

As GoodWhale, we performed an analysis of BOOT BARN‘s wellbeing. Based on our Star Chart, we concluded that BOOT BARN is classified as a ‘rhino’ company, meaning it has achieved moderate revenue or earnings growth. Considering its cashflows and debt, BOOT BARN has a high health score of 8/10, indicating it is capable of safely riding out any crisis without the risk of bankruptcy. When looking at specific metrics, BOOT BARN is strong in growth and profitability, but medium in asset and weak in dividends. The type of investors that may be interested in BOOT BARN are those looking for moderate growth potential and companies that are capable of weathering out economic downturns without risk of bankruptcy. Investors may also be attracted to BOOT BARN’s strong growth potential and profitability, despite their weaknesses in asset and dividend metrics. More…

Peers

The competition in the retail sector is fierce, with companies vying for market share in a number of ways. Boot Barn Holdings Inc is no exception, and competes against Christopher & Banks Corp, C’sMEN Co Ltd, and J.Jill Inc in a number of ways. While each company has its own strengths and weaknesses, the competition between them is intense, and the battle for market share is likely to continue.

– Christopher & Banks Corp ($OTCPK:CBKCQ)

Christopher & Banks Corporation is a Minnesota-based retailer of women’s apparel, accessories and footwear. The company operates under the Christopher & Banks, CJ Banks, and Missy & Plus names. It also offers merchandise through its e-commerce website and through a nationwide network of outlet stores. As of February 3, 2018, the company operated 942 stores in 44 states.

– C’sMEN Co Ltd ($TSE:3083)

MEN Co Ltd is a Japanese company that manufactures and sells electronic components. The company has a market cap of 1.52B as of 2022 and a Return on Equity of -12.39%. The company’s products include semiconductors, integrated circuits, and other electronic components.

– J.Jill Inc ($NYSE:JILL)

J.Jill Inc is a retailer of women’s apparel, accessories, and footwear. It operates through two segments, Retail and Direct. The company offers its products through retail stores, catalogs, and online. As of 2022, J.Jill Inc had a market cap of 186.02M and a Return on Equity of -233.39%. The company has been struggling in recent years, as evidenced by its negative ROE. J.Jill Inc is currently in the process of closing some of its stores in an effort to turn things around.

Summary

Boot Barn Holdings Inc (NYSE: BOOT) is a popular retailer of western and work-related footwear, apparel, and accessories. B. Riley Securities recently initiated a Buy rating for the company, citing its strong e-commerce sales, improved merchandise assortment, and successful store remodels. Despite the positive rating, the stock price of Boot Barn dropped on the same day. Investors should be aware of the potential risks associated with investing in such a volatile stock. Some of these risks include competition from larger retailers, an uncertain macroeconomic environment, and the potential for stock price volatility.

Additionally, investors should consider the company’s ability to manage its debt and maintain profitability in the midst of a changing retail landscape. Overall, investors should do their own research and consider the potential rewards before making any investment decisions.