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Is Boot Barn Holdings (BOOT) Stock Outpacing Its Retail-Wholesale Peers This Year?

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Boot Barn Holdings (BOOT) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.

Boot Barn Holdings is a member of the Retail-Wholesale sector. This group includes 218 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BOOT is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for BOOT's full-year earnings has moved 7.77% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, BOOT has gained about 59.89% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 10.77% on a year-to-date basis. As we can see, Boot Barn Holdings is performing better than its sector in the calendar year.

Looking more specifically, BOOT belongs to the Retail - Apparel and Shoes industry, which includes 42 individual stocks and currently sits at #39 in the Zacks Industry Rank. Stocks in this group have gained about 6.73% so far this year, so BOOT is performing better this group in terms of year-to-date returns.

Investors in the Retail-Wholesale sector will want to keep a close eye on BOOT as it attempts to continue its solid performance.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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