Is there hope owning Boot Barn Holdings Inc. (NYSE:BOOT)?

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Let us have a close look at Boot Barn Holdings Inc. (NYSE:BOOT) today to get a better perspective of the company and its prevailing status, as well as the opportunity it may present for prospective investors. Today’s emphasis will be a fundamental assessment of the stock. So, let’s start this analysis with the top line: Revenue trends.

The company witnessed its sales move to $163M in total revenues. That shows change in revenues, on a quarterly YoY basis, of 0.08%. In sequential terms, the firm saw sales decline by -0.22% from quarter to quarter.

The cost of selling goods for Boot Barn Holdings Inc. (NYSE: BOOT) in last quarter was $113.68M, yielding a gross income of $49.33M. For shareholders, given the total diluted due shares of 27.07M, this means earnings per share of $0.10. Note, this compares with an analyst forecast of $0.02 in earnings per share for its imminent fiscal quarterly report.

At present, analysts provided a consensus average recommendation of Overweight based on a total of 6.

Analysts have an average target of $10.33 on the stock. For next year fiscal year forecast is about $0.68 in EPS. On a median price/earnings ratio basis, the valuation is 11.71 times earnings.

For Boot Barn Holdings Inc. (NYSE: BOOT), the firm presently holds about $8.04M in cash in the reserves. That cash is balanced against approximately $34.34M in total current liabilities.

The Barchart Technical Opinion rating is a 100% Sell with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is in the Top 1%. Long term indicators fully support a continuation of the trend. The market is in highly oversold territory. Beware of a trend reversal.

The firm’s debt has been $falling. It also has $565.58M in total assets, balanced by $385.67M in total liabilities.

The company recorded a free cash flow last quarter of $(31.61M), representing a quarterly net change of $(23.17M). On a net operating level, the firm saw about $(27.01M) in cash flow.

Boot Barn Holdings, Inc. (NYSE:BOOT) announced that the company will release its financial results for the fourth quarter and fiscal year 2017 ended April 1, 2017, after the market close on Thursday, June 1, 2017.

We will bring up-to-date the interesting story of Boot Barn Holdings Inc. (NYSE: BOOT) as new events transpire.

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