Boot Barn Holdings Stock Gross Profit
| 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 |
Boot Barn Holdings Company Gross Profit Analysis
Boot Barn's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Current Boot Barn Gross Profit | 575.07 M |
Most of Boot Barn's fundamental indicators, such as Gross Profit, 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.
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
| Competition |
According to the company disclosure, Boot Barn Holdings reported 575.07 M of gross profit. This is 96.25% lower than that of the Specialty Retail sector and significantly higher than that of the Consumer Discretionary industry. The gross profit for all United States stocks is 97.9% higher than that of the company.
Boot Gross Profit 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 Gross Profit 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 gross profit category among related companies.
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 | 99.36 % | ||||
| 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Boot Barn in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Boot Barn's short interest history, or implied volatility extrapolated from Boot Barn options trading.
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 together with Boot Stock
| 0.75 | LE | Lands End Financial Report 6th of June 2024 | PairCorr |
Moving against Boot Stock
| 0.73 | LULU | Lululemon Athletica Financial Report 6th of June 2024 | PairCorr |
| 0.72 | EXPR | Express Financial Report 22nd of May 2024 | PairCorr |
| 0.72 | LVLU | Lulus Fashion Lounge Financial Report 14th of May 2024 | PairCorr |
| 0.59 | DXLG | Destination XL Group Financial Report 23rd of May 2024 | PairCorr |
| 0.51 | TFRFF | Tefron | 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.
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.