BOOT BARN HOLDINGS INC (NYSE:BOOT) was identified by our screener as a strong growth stock with a favorable technical setup. The company combines solid fundamental growth metrics with a promising chart pattern, making it worth a closer look.
Strong Growth Fundamentals
Revenue & Earnings Growth: BOOT has demonstrated impressive growth, with revenue increasing by 14.64% over the past year and earnings per share (EPS) growing at an annualized rate of 28.69% in recent years.
Profitability: The company earns high marks for profitability, with an operating margin of 12.53%, outperforming 89% of its specialty retail peers.
Valuation: While the stock trades at a premium (P/E of 28.15), its strong growth trajectory and profitability justify the valuation.
Technical Setup
Trend Strength: Both short-term and long-term trends are positive, with the stock trading above key moving averages (20-day, 50-day, 100-day, and 200-day SMAs).
Consolidation & Breakout Potential: BOOT has been consolidating in a range between $148.84 and $170.16. A breakout above $167.81 could signal further upside.
Relative Strength: The stock outperforms 85% of its industry peers and 90% of the broader market over the past year.
Key Support & Resistance Levels
Support: Strong support exists near $154.54-$156.74, backed by multiple moving averages and trendlines.
Resistance: A breakout above $167.81 could open the door for a move toward previous highs near $176.64.
This is not investment advice. The observations here are based on current data, but market conditions can change. Always conduct your own research before making investment decisions.