The IBD SmartSelect Composite Rating for Boot Barn (BOOT) rose from 93 to 98 Friday. The boot retailer stock has been in a steady uptrend, tripling its value the past 12 months. It has a 97 Relative Strength Rating.
The new score means the company is now outperforming 98% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Boot Barn stock is considered extended and now out of buy range after breaking out from a 69.28 entry in a consolidation. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.
The stock earns a 96 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 96% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the Irvine, Calif.-based company reported 317% earnings growth. It has now posted accelerating EPS growth for three consecutive quarters. Sales growth increased 37%, up from 6% in the prior quarter, amid increased online sales. The company has now posted accelerating growth in each of the last three quarters.
Boot Barn stock earns the No. 1 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Citi Trends (CTRN) and Revolve Group (RVLV) are also among the group’s highest-rated stocks. For more industry news, check out “Retail And E-Commerce Stocks And Industry News.”
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