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Are Investors Undervaluing Boot Barn (BOOT) Right Now?
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is Boot Barn (BOOT - Free Report) . BOOT is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
BOOT is also sporting a PEG ratio of 0.93. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. BOOT's industry has an average PEG of 1.34 right now. Within the past year, BOOT's PEG has been as high as 1.20 and as low as 0.49, with a median of 0.92.
Investors should also recognize that BOOT has a P/B ratio of 3.21. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. BOOT's current P/B looks attractive when compared to its industry's average P/B of 3.76. Within the past 52 weeks, BOOT's P/B has been as high as 3.88 and as low as 1.87, with a median of 2.91.
These are just a handful of the figures considered in Boot Barn's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that BOOT is an impressive value stock right now.
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Are Investors Undervaluing Boot Barn (BOOT) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is Boot Barn (BOOT - Free Report) . BOOT is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
BOOT is also sporting a PEG ratio of 0.93. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. BOOT's industry has an average PEG of 1.34 right now. Within the past year, BOOT's PEG has been as high as 1.20 and as low as 0.49, with a median of 0.92.
Investors should also recognize that BOOT has a P/B ratio of 3.21. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. BOOT's current P/B looks attractive when compared to its industry's average P/B of 3.76. Within the past 52 weeks, BOOT's P/B has been as high as 3.88 and as low as 1.87, with a median of 2.91.
These are just a handful of the figures considered in Boot Barn's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that BOOT is an impressive value stock right now.