Boot Barn Holdings Stock Beta
| BOOT Stock | USD 107.79 0.51 0.48% |
Boot Barn Holdings fundamentals help investors to digest information that contributes to Boot Barn's financial success or failures. It also enables traders to predict the movement of Boot Stock. The fundamental analysis module provides a way to measure Boot Barn's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Boot Barn stock.
Boot | Beta |
Boot Barn Holdings Company Beta Analysis
Boot Barn's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Boot Barn Beta | 2.21 |
Most of Boot Barn's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Boot Barn Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Boot Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Boot Barn is extremely important. It helps to project a fair market value of Boot Stock properly, considering its historical fundamentals such as Beta. Since Boot Barn's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Boot Barn's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Boot Barn's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Boot Barn Holdings has a Beta of 2.212. This is 163.33% higher than that of the Specialty Retail sector and significantly higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.
Boot Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Boot Barn's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Boot Barn could also be used in its relative valuation, which is a method of valuing Boot Barn by comparing valuation metrics of similar companies.Boot Barn is currently under evaluation in beta category among related companies.
Boot Barn Institutional Holders
Institutional Holdings refers to the ownership stake in Boot Barn that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Boot Barn's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Boot Barn's value.| Shares | Geode Capital Management, Llc | 2023-12-31 | 628.2 K | Allspring Global Investments Holdings, Llc | 2023-12-31 | 562.1 K | Loomis, Sayles & Company Lp | 2023-12-31 | 528.3 K | Thrivent Financial For Lutherans | 2023-12-31 | 525.9 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 501.5 K | Southernsun Asset Management, Llc | 2023-12-31 | 495.4 K | Gilder Gagnon Howe & Co Llc | 2023-12-31 | 485 K | Congress Asset Management Company, Llp | 2023-12-31 | 476.7 K | Fmr Inc | 2023-12-31 | 475.7 K | Blackrock Inc | 2023-12-31 | 4.6 M | Vanguard Group Inc | 2023-12-31 | 2.7 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Boot Barn will likely underperform.
Boot Fundamentals
| Return On Equity | 0.2 | ||||
| Return On Asset | 0.0874 | ||||
| Profit Margin | 0.1 % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 3.59 B | ||||
| Shares Outstanding | 30.3 M | ||||
| Shares Owned By Insiders | 0.72 % | ||||
| Shares Owned By Institutions | 99.28 % | ||||
| Number Of Shares Shorted | 4.29 M | ||||
| Price To Earning | 47.28 X | ||||
| Price To Book | 3.30 X | ||||
| Price To Sales | 1.76 X | ||||
| Revenue | 1.66 B | ||||
| Gross Profit | 575.07 M | ||||
| EBITDA | 267.7 M | ||||
| Net Income | 170.55 M | ||||
| Cash And Equivalents | 16.01 M | ||||
| Cash Per Share | 0.54 X | ||||
| Total Debt | 447.72 M | ||||
| Debt To Equity | 0.59 % | ||||
| Current Ratio | 1.58 X | ||||
| Book Value Per Share | 30.06 X | ||||
| Cash Flow From Operations | 88.89 M | ||||
| Short Ratio | 5.80 X | ||||
| Earnings Per Share | 5.37 X | ||||
| Price To Earnings To Growth | 1.72 X | ||||
| Target Price | 103.42 | ||||
| Number Of Employees | 2.7 K | ||||
| Beta | 2.21 | ||||
| Market Capitalization | 3.27 B | ||||
| Total Asset | 1.52 B | ||||
| Retained Earnings | 576.03 M | ||||
| Working Capital | 294.33 M | ||||
| Current Asset | 203.22 M | ||||
| Current Liabilities | 152.3 M | ||||
| Net Asset | 1.52 B |
About Boot Barn Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Boot Barn Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Boot Barn using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Boot Barn Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Boot Barn
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Boot Barn position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Boot Barn will appreciate offsetting losses from the drop in the long position's value.Moving against Boot Stock
| 0.84 | SONY | Sony Group Corp Earnings Call Tomorrow | PairCorr |
| 0.8 | LULU | Lululemon Athletica Financial Report 6th of June 2024 | PairCorr |
| 0.77 | PLCE | Childrens Place Financial Report 22nd of May 2024 | PairCorr |
| 0.73 | ACN | Accenture plc Financial Report 27th of June 2024 | PairCorr |
| 0.71 | MCD | McDonalds Financial Report 25th of July 2024 | PairCorr |
The ability to find closely correlated positions to Boot Barn could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boot Barn when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Boot Barn - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Boot Barn Holdings to buy it.
The correlation of Boot Barn is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Boot Barn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boot Barn Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Boot Barn can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Boot Barn Piotroski F Score and Boot Barn Altman Z Score analysis. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Boot Stock analysis
When running Boot Barn's price analysis, check to measure Boot Barn's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boot Barn is operating at the current time. Most of Boot Barn's value examination focuses on studying past and present price action to predict the probability of Boot Barn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boot Barn's price. Additionally, you may evaluate how the addition of Boot Barn to your portfolios can decrease your overall portfolio volatility.
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Is Boot Barn's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Boot Barn. If investors know Boot will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Boot Barn listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.04 | Earnings Share 5.37 | Revenue Per Share 56.712 | Quarterly Revenue Growth 0.011 | Return On Assets 0.0874 |
The market value of Boot Barn Holdings is measured differently than its book value, which is the value of Boot that is recorded on the company's balance sheet. Investors also form their own opinion of Boot Barn's value that differs from its market value or its book value, called intrinsic value, which is Boot Barn's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Boot Barn's market value can be influenced by many factors that don't directly affect Boot Barn's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Boot Barn's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boot Barn is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boot Barn's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.