Boot Barn Stock Intrinsic Value – BOOT BARN Reports Record-Breaking Earnings for First Quarter of Fiscal Year 2024
August 7, 2023
🌥️Earnings Overview
BOOT BARN ($NYSE:BOOT) reported total revenue of USD 383.7 million for the first quarter of their fiscal year 2024 on June 30 2023, a 4.9% increase year-over-year. Unfortunately, net income decreased by 12.9% to USD 34.2 million compared to the same period in the previous year.
Stock Price
The company’s stock opened at an impressive $91.4 and closed at $89.9, a decrease of 2.8% from its previous closing price of 92.6. Despite this minor fluctuation, BOOT BARN achieved tremendous success in their first quarter of the new year. BOOT BARN’s President and Chief Executive Officer, Jim Conroy, credited this success to their new integrated eCommerce and brick-and-mortar store model, which allowed them to capture a larger share of the online market and expand their customer base. Mr. Conroy also pointed to the company’s focus on technology as a key factor in their success throughout the quarter.
They developed a comprehensive customer loyalty program that was designed to encourage repeat business, as well as a new mobile app that enabled customers to easily search and purchase from BOOT BARN’s extensive catalog. As the company moves into the second quarter, they are looking to continue building on this strong start. With plans to open new stores in the upcoming months, BOOT BARN is well-positioned to take advantage of the growing demand for western and work-related apparel and accessories. 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 |
| 1.68k | 165.49 | 9.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boot Barn. More…
| Operations | Investing | Financing |
| 185.46 | -133.59 | -50.78 |
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 |
| 1.51k | 692.77 | 27.15 |
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 |
| 27.5% | 56.0% | 13.5% |
| FCF Margin | ROE | ROA |
| 3.1% | 17.8% | 9.4% |
Analysis – Boot Barn Stock Intrinsic Value
At GoodWhale, we recently performed an analysis of BOOT BARN‘s wellbeing. Using our proprietary Valuation Line, we were able to calculate the intrinsic value of BOOT BARN’s share to be around $90.5. Currently, BOOT BARN’s stock is being traded at $89.9, which is a fair price. This means that the intrinsic value of BOOT BARN is close to the actual market value, giving investors confidence in the company’s performance and future outlook. More…
Peers
The competition in the retail sector is fierce, with companies vying for market share in a number of ways. Boot Barn Holdings Inc is no exception, and competes against Christopher & Banks Corp, C’sMEN Co Ltd, and J.Jill Inc in a number of ways. While each company has its own strengths and weaknesses, the competition between them is intense, and the battle for market share is likely to continue.
– Christopher & Banks Corp ($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 may want to take a closer look at BOOT BARN after the company reported its first quarter earnings of fiscal year 2024. Revenue increased by 4.9%, showing steady growth, but net income decreased by 12.9%, indicating potential financial problems. As a result, investors should evaluate the company’s future prospects and assess whether or not it is a good investment opportunity. It is also important to consider the company’s competitive landscape and macroeconomic conditions which may be affecting its performance.
