Boot Barn Stock Fair Value – BOOT BARN Reports Fourth Quarter Earnings Results for FY2023
June 18, 2023
🌥️Earnings Overview
On May 17 2023, BOOT BARN ($NYSE:BOOT) reported its financial results for the fourth quarter of the fiscal year ending on March 31 2023. Total revenue grew by 11.0% compared to the same quarter in the previous financial year, totaling USD 425.7 million. Net income increased by 3.8%, amounting to USD 46.4 million.
Price History
Investors responded positively, with BOOT BARN stock opening at $72.5 and closing at $74.8, a 4.0% increase from its previous closing price of $71.9. The strong earnings report was driven by a surge in sales of boots, apparel, and accessories during the quarter, as well as an increase in online sales. This increase was attributed to higher average selling prices and an improved merchandise mix.
Overall, these impressive results indicate that BOOT BARN is continuing on a positive growth trajectory despite the challenging retail environment. Investors were clearly enthused by the report, driving BOOT BARN stock up by nearly 4% from the previous day’s closing price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Boot Barn. More…
| Total Revenues | Net Income | Net Margin |
| 1.66k | 170.55 | 10.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boot Barn. More…
| Operations | Investing | Financing |
| 88.89 | -124.53 | 33.17 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Boot Barn. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.52k | 740.93 | 25.99 |
Key Ratios Snapshot
Some of the financial key ratios for Boot Barn are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.2% | 46.5% | 14.0% |
| FCF Margin | ROE | ROA |
| -2.2% | 19.2% | 9.5% |
Analysis – Boot Barn Stock Fair Value
At GoodWhale, we have performed an analysis regarding BOOT BARN‘s well-being. After running our proprietary Valuation Line, we have determined that the intrinsic value of BOOT BARN share is around $88.3. Currently, BOOT BARN stock is being traded at a price of $74.8, which we believe to be a fair price that is undervalued by 15.3%. More…
Peers
The competition in the retail sector is fierce, with companies vying for market share in a number of ways. Boot Barn Holdings Inc is no exception, and competes against Christopher & Banks Corp, C’sMEN Co Ltd, and J.Jill Inc in a number of ways. While each company has its own strengths and weaknesses, the competition between them is intense, and the battle for market share is likely to continue.
– Christopher & Banks Corp ($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 has had a positive earnings report for the fourth quarter of FY2023, with total revenue increasing 11.0% year-over-year to USD 425.7 million, and net income increasing 3.8% from the previous year to USD 46.4 million. The stock price responded positively to this news, indicating investor confidence in the company. Investors should keep an eye on BOOT BARN as its performance could make it a good option for an investment opportunity. Analysts should also review the company’s fundamentals, valuation metrics, and future outlook to determine whether it is a good long-term investment.
