BOOT BARN HOLDINGS INC (NYSE:BOOT) – A Strong Growth Stock with Technical Breakout Potential

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.

Our Strong Growth Stocks with Good Technical Setup Ratings screener lists more stocks with similar characteristics.
For a deeper dive, review the full fundamental report and technical analysis.

Disclaimer

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.