Boot Barn Stock Fair Value – Boot Barn’s Same Store Sales Performance is a Crucial Factor
December 21, 2023
🌥️Trending News
Boot Barn ($NYSE:BOOT) is a company that specializes in western and workwear apparel, footwear, and accessories. Recently, Boot Barn’s same store sales performance has been a cause of concern for investors. Same store sales figures measure the performance of stores that have been open for more than one year, and are an important factor in forecasting future revenue growth. By comparing the sales figures of existing stores to the prior year, investors can get a better idea of how the company is performing. The decline in same store sales at Boot Barn has been worrisome to investors, as it indicates that the company may be struggling to attract customers to their stores.
This could be due to heightened competition, changes in consumer spending habits, or other factors. It is unclear what exactly is causing the decline in same store sales, and it is important for Boot Barn to focus on strategies to improve their performance. This could involve expanding their product range, investing in marketing initiatives, or focusing on customer engagement. Ultimately, if Boot Barn can successfully improve its same store sales performance, they will be well positioned for long-term success.
Market Price
On Tuesday, BOOT BARN‘s stock opened at $77.2 and closed at $76.6, a 0.3% decrease from the prior closing price of $76.8. This shows that investors are closely watching the company’s same store sales performance, which is an important factor in determining the stock’s performance. BOOT BARN’s same store sales results for the past quarter will be an important indicator of how the company is doing compared to its competitors in the industry.
Investors will be looking for any sign of improvement or decline in the company’s same store sales performance to determine if the stock is worth investing in. Strong same store sales results could lead to an increase in the stock price, while poor results could lead to a decrease in the 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 |
| 1.7k | 161.11 | 9.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boot Barn. More…
| Operations | Investing | Financing |
| 296.48 | -136.76 | -140.74 |
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 |
| 1.58k | 725.82 | 28.15 |
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 |
| 28.3% | 57.3% | 13.0% |
| FCF Margin | ROE | ROA |
| 9.4% | 16.5% | 8.7% |
Analysis – Boot Barn Stock Fair Value
GoodWhale has completed its analysis of BOOT BARN‘s fundamentals and have used our proprietary Valuation Line to estimate BOOT BARN’s intrinsic value to be around $93.8. Although the stock is currently trading at $76.6, which is an 18.3% discount to its intrinsic value, we believe that the stock is fairly priced. This means that investors have the opportunity to buy into a company with an attractive valuation. We believe that BOOT BARN’s fundamentals are strong and are a good investment opportunity. More…
Peers
The competition in the retail sector is fierce, with companies vying for market share in a number of ways. Boot Barn Holdings Inc is no exception, and competes against Christopher & Banks Corp, C’sMEN Co Ltd, and J.Jill Inc in a number of ways. While each company has its own strengths and weaknesses, the competition between them is intense, and the battle for market share is likely to continue.
– Christopher & Banks Corp ($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
Investors should take note of the company’s same-store sales performance as it is a key indicator of its financial health. Boot Barn‘s same-store sales are calculated by taking the sales of the stores open for at least a year and compare it to the prior year. This performance has been volatile over the years which has caused the company’s stock to be volatile as well. It is important for investors to regularly monitor the same-store sales performance as it can give insight into the company’s overall financial performance.
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