Boot Barn Holdings, Inc. (BOOT) Hit a 52 Week High, Can the Run Continue?

Company Performance - Boot Barn's shares have increased by 3.1% over the past month and reached a new 52-week high of $138.78, with a year-to-date gain of 76% compared to 8.8% for the Zacks Retail-Wholesale sector and 8.1% for the Zacks Retail - Apparel and Shoes industry [1] - The company has consistently exceeded earnings expectations, reporting EPS of$ 1.2 against a consensus estimate of $1.08 in its last earnings report on August 7, 2024, and beating revenue estimates by 1.78% [2] Financial Projections - For the current fiscal year, Boot Barn is projected to achieve earnings of$ 5.28 per share on revenues of $1.84 billion, reflecting an 8.87% increase in EPS and a 10.67% increase in revenues [3] - In the next fiscal year, earnings are expected to rise to$ 6.26 per share on $2.1 billion in revenues, indicating year-over-year changes of 18.56% and 13.75%, respectively [3] Valuation Metrics - Boot Barn has a Value Score of B, a Growth Score of B, and a Momentum Score of F, resulting in a combined VGM Score of B [6] - The stock trades at 25.6 times current fiscal year EPS estimates, which is a premium compared to the peer industry average of 15.8 times, and at 20.4 times trailing cash flow versus an average of 8.2 times for its peer group [6] Zacks Rank - Boot Barn holds a Zacks Rank of 1 (Strong Buy) due to favorable earnings estimate revisions from analysts [7] - The company meets the criteria for investors looking for stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, indicating potential for future growth [8] Industry Comparison - Boot Barn's performance is notable within the Retail - Apparel and Shoes industry, which ranks in the bottom 70% of all industries, yet it shows strong fundamentals and potential tailwinds [11]