👢📈 Boot Barn (BOOT) Growth Analysis 🚀Expansion Momentum: BOOT's ambitious goal of reaching 900 retail locations by fiscal 2030 signals robust expansion plans, potentially driving substantial long-term growth.
Consumer Loyalty: Strong payback period and impressive first-year sales indicate a solid consumer base and brand loyalty, supporting BOOT's growth trajectory.
Profitability Surge: Improving profitability metrics, such as increasing gross and operating margins, suggest enhanced efficiency and profitability, outpacing revenue growth.
Bullish Outlook: Considering these factors, a bullish stance on BOOT above the $88.00-$90.00 level seems justified. An upside target of $130.00-$135.00 reflects the potential for significant stock price appreciation.
📊📈 Stay tuned for BOOT's growth journey! #BootBarn #StockAnalysis 🌟👞
BOOT trade ideas
Long BOOT Today -> Gain Massive Profits 1-2 Months From NowThis is not a pig play, so not going to talk fundamental picture and all of the technical methods used above to derive the price/date targets.
This company is not one that I'd use, nor is it categorically even close to my wheelhouse of industry knowledge. However, I do know how to read an income statement and a balance sheet and BOOT possesses a "Top-3-All-Time" in both financial statements.
Growth prospects are sweet enough in the short term to justify the mega move depicted above as well.
-Pig-In-Boots
NYSE:BOOT
AMEX:SPY
AMEX:IWM
FRED:RETAILSMSA
CURRENCYCOM:US30
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Earnings 1-24 AMCI will let other folks judge this one.
Boot may beat earnings. I have no clue. I did not even look.
I feel I am repeating myself as of late )o:
I do know things have gotten out-of-hand and perhaps slightly, or in some cases, very overvalued. I realize our economy is in trouble and that is not a good prelude for an overvalued market.
But we have to take some credit I suppose, for our contribution to the craziness, but we made money on the way up.
I am thinking in life, nothing is free and there is almost always a price we pay, eventually.
No recommendation.
$BOOT #Breakout Setup into the CloseNYSE:BOOT is on my watch list for a long breakout trade. Broke out of a 4 month cup and handle chart pattern early last month and looks set to resume its uptrend. 1st target around $40 round number. Day is not over yet, but so far, seem like the stock want to end the day above $33.85 resistance level.
Another Cup & Handle Potential on BOOT!NYSE:BOOT
Wow, another C&H pattern setting up and it is near completion! Needs to close around $30.50ish to complete and it needs to complete in the next 5 days or so imo. Follow me for more setups. I'm not in this one yet but I'll be hopping in if it completes.
BOOT Long Symmetrical Triangle + Simple ABC Correction + Weekly Dynamic Support + Bullish Momentum
BOOT looks to play out a Simple ABC Correction after touching the resistance at 23.22. We had a nice pullback to the weekly dynamic support level of 20.19 which gave us 2 long wick rejections of the Support and 50EMA/14EMA. Look for an upward break of the trendline before entering long. Large Volume spike and price action at this level indicates bottom.
Price Target: 25.95
Boot Barn hinting at a breakoutBoot Barn Holdings remains bullish despite the CEO selling $1 Million of shares, the company has been on a nice run since impressive earnings. Currently trading within a well defined channel and on the verge of a breakout. $37 looks like a good entry point.
AVERAGE ANALYSTS PRICE TARGET $40
AVERAGE ANALYSTS RECOMMENDATION Overweight
P/R RATIO 24
SHORT INTEREST 11%
COMPANY PROFILE
Boot Barn Holdings, Inc. engages in the operation of retail stores of western and work-related footwear, apparel, and accessories. Its products include boots, jeans, accessories, hats, gifts and home products, and work wear. Its brands include Ariat, Wrangler, Lucchese Boots, Idyllwind, and Cinch. The company was founded in 1978 and is headquartered in Irvine, CA.
$BOOT We expect a pullback in Boot BarnThe company is great and sentiment from the analysts is very positive but it may be due a pullback, but we will also have the option of a long position, if it can break above the $33 range, on good volume.
Average Recommendation BUY
Average Price Target $31.50
7 BUY
1 HOLD
1 OVERWEIGHT
Company Description
Boot Barn Holdings, Inc. engages in the operation of retail chain stores of western and work-related footwear, apparel, and accessories. The company's products include boots, jeans, accessories, hats, gifts and home products, and work wear. It also focuses on providing services and selection of brands including Ariat, Wrangler, Justin, Cowgirl Tuff, Miss Me, Rock & Roll Cowgirl, Grace in LA, Panhandle, Cinch, Scully, Rock & Roll Cowboy.