Back to top
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Bull of the Day: Boot Barn (BOOT)
I am always on the lookout for the next big thing. Recently, it has been retail outfits which have tickled my fancy. This one forgotten area of the market has seen some of the most sought-after companies. Today’s Bull of the Day is a company in this industry. I’m talking about Zacks Rank #1 (Strong Buy) Boot Barn ((BOOT - Free Report) ).
Boot Barn (NYSE: BOOT) is tearing through expectations and positioning itself as a prime contender in the retail sector. This western and workwear retailer has consistently outpaced estimates, building on a model that has Wall Street's attention. With a Zacks Rank #1 (Strong Buy) and recent earnings surprises, Boot Barn's performance shows it's not just riding a trend but setting the pace in niche retail.
Boot Barn operates over 280 stores across the U.S. and has three booming e-commerce sites. The last few quarters highlighted Boot Barn's ability to pivot and scale: fiscal Q2 results exceeded consensus estimates by $0.28 per share, marking the company’s sixth consecutive beat. Even as many retailers have struggled post-pandemic, Boot Barn is seeing foot traffic surge back to pre-pandemic levels while e-commerce sales grow impressively. Store sales jumped 76% versus 2020 and 69% over 2019, while e-commerce climbed 57% from pre-pandemic days???
What’s driving this growth? For one, Boot Barn keeps its core customers loyal through high-quality brands like Wrangler, Justin, and Carhartt. But it’s also capitalizing on a lifestyle shift: demand for western and rugged workwear isn’t just a rural trend anymore; it’s a major urban draw too. Merchandise margins rose due to strong full-price sales, meaning Boot Barn is seeing minimal need for promotions—a rarity in retail these days.
Boot Barn’s formula is a potent one, making it a consistent outperformer. The retail game is tough, but Boot Barn is a step ahead, meeting demand both online and in-store, keeping costs in check, and growing faster than the industry average. In short, BOOT is a stock to keep an eye on for investors seeking high-performance retail with strong brand loyalty and a rapidly expanding footprint???.