Ultime notizie per Boot Barn Holdings (NYSE:BOOT) Azioni

Boot Barn Holdings

Boot Barn Holdings Inc operates specialty retail stores. The company sells western and work-related footwear, apparel, and accessories in the United States. It is a single operating segment, which includes net sales generated from its retail stores and e-commerce websites.

Boot Barn Holdings Inc

UBS analyst Jay Sole maintains Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) with a Neutral and raises the price target from $127 to $165.

News

Price Target

Analyst Ratings

BOOT

UBS Maintains Neutral on Boot Barn Holdings, Raises Price Target to $165

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Evercore ISI Group raised JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) price target from $217 to $230. Evercore ISI Group analyst Glenn Schorr maintained an Outperform rating. JPMorgan shares closed at $222.29 on Friday. <a href="https://www.benzinga.com/quote/jpm/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital cut the price target for Nurix Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIX#NASDAQ">NRIX</a>) from $27 to $26. RBC Capital analyst Gregory Renza maintained an Outperform rating. Nurix Therapeutics shares closed at $23.63 on Friday. <a href="https://www.benzinga.com/quote/nrix/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel raised the price target for V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) from $21 to $25. Stifel analyst Jim Duffy maintained a Buy rating. V.F. Corporation shares closed at $20.33 on Friday. <a href="https://www.benzinga.com/quote/vfc/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush raised Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) price target from $25 to $45. Wedbush analyst David Chiaverini upgraded the stock from Underperform to Neutral. Affirm shares closed at $47.08 on Friday. <a href="https://www.benzinga.com/quote/afrm/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel cut Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) price target from $13 to $11. Stifel analyst Mark Kelley maintained a Hold rating. Snap shares closed at $11.13 on Friday. <a href="https://www.benzinga.com/quote/snap/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group raised Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) price target from $68 to $71. Evercore ISI Group analyst John Pancari maintained an Outperform rating. Wells Fargo shares closed at $60.99 on Friday. <a href="https://www.benzinga.com/quote/wfc/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JMP Securities raised the price target for Benitec Biopharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTC#NASDAQ">BNTC</a>) from $16 to $18. JMP Securities analyst Silvan Tuerkcan maintained a Market Outperform rating. Benitec Biopharma settled at $10.86 on Friday. <a href="https://www.benzinga.com/quote/bntc/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised Boot Barn Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) price target from $147 to $179. Piper Sandler analyst Peter Keith maintained an Overweight rating. Boot Barn shares closed at $159.36 on Friday. <a href="https://www.benzinga.com/quote/boot/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird raised the price target for Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) from $67 to $80. Baird analyst David Manthey maintained a Neutral rating. Fastenal shares closed at $76.82 on Friday. <a href="https://www.benzinga.com/quote/fast/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen cut ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) price target from $131 to $114. TD Cowen analyst Jason Seidl downgraded the stock from Buy to Hold. ArcBest shares rose 1.4% to close at $105.95 on Friday. <a href="https://www.benzinga.com/quote/arcb/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying WFC stock? Here&#8217;s what analysts think:

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Wells Fargo To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Monday

Piper Sandler analyst Peter Keith maintains Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) with a Overweight and raises the price target from $147 to $179.

Piper Sandler Maintains Overweight on Boot Barn Holdings, Raises Price Target to $179

Benchmark analyst John Lawrence maintains Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) with a Buy and raises the price target from $140 to $192.

Benchmark Maintains Buy on Boot Barn Holdings, Raises Price Target to $192

11 analysts have shared their evaluations of Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Boot Barn Holdings, presenting an average target of $146.45, a high estimate of $167.00, and a low estimate of $125.00. Surpassing the previous average price target of $136.73, the current average has increased by 7.11%.
<img src="https://www.benzinga.com/files/images/story/2024/1727787637_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The perception of Boot Barn Holdings by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jonathan Komp</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$167.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Matthew Boss</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$160.00</td>
<td>$146.00</td>
</tr>
<tr>
<td>Janine Stichter</td>
<td>BTIG</td>
<td>Raises</td>
<td>Buy</td>
<td>$165.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$127.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Peter Keith</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$147.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Jonathan Komp</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$140.00</td>
<td>$132.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$125.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Matthew Boss</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$146.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Steven Zaccone</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$154.00</td>
<td>$122.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Boot Barn Holdings. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Boot Barn Holdings compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into Boot Barn Holdings's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/BOOT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Boot Barn Holdings analyst ratings.</a>
<h2>All You Need to Know About Boot Barn Holdings</h2>
Boot Barn Holdings Inc operates specialty retail stores. The company sells western and work-related footwear, apparel, and accessories in the United States. It is a single operating segment, which includes net sales generated from its retail stores and e-commerce websites.
<h3>Key Indicators: Boot Barn Holdings's Financial Health</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Boot Barn Holdings showcased positive performance, achieving a revenue growth rate of 10.34% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.19%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Boot Barn Holdings's ROE stands out, surpassing industry averages. With an impressive ROE of 4.04%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.24%, the company showcases effective utilization of assets.
Debt Management: Boot Barn Holdings's debt-to-equity ratio is below the industry average at 0.5, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Significance of Analyst Ratings Explained</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where Boot Barn Holdings Stands With Analysts

Baird analyst Jonathan Komp maintains Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) with a Neutral and raises the price target from $140 to $167.

Baird Maintains Neutral on Boot Barn Holdings, Raises Price Target to $167

Boot Barn Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) short percent of float has fallen 4.06% since its last report. The company recently reported that it has 2.98 million shares sold short, which is 11.59% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.67 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Boot Barn Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726752620_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Boot Barn Holdings has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Boot Barn Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Boot Barn Holdings's peer group average for short interest as a percentage of float is 17.15%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Boot Barn Holdings's Recent Short Interest

Designer Brands Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dbi#NYSE">DBI</a>) released second-quarter fiscal 2024 results, wherein both the bottom and top lines lagged the Zacks Consensus Estimate and declined year over year.
However, during the second quarter, the company continued to advance with its strategic initiatives aimed at business transformation. Despite challenges in categories like dress and seasonal footwear, the expansion of athletic and athleisure brands helped mitigate some of the pressure.
Looking ahead, the focus will be on investments in retail and brand businesses to drive growth. Enhancements in product assortment, marketing and the omnichannel customer experience are intended to ensure the company remains a top destination for footwear. These enhancements will also help it to adapt to changing consumer spending patterns and evolving market trends.
<div class="chart_embed">
<h3>Designer Brands Inc. Price, Consensus and EPS Surprise</h3>
<h2><img alt="Designer Brands Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d8/1726139435.png" style="height:265px; width:570px" title="" /></h2>
Designer Brands Inc. price-consensus-eps-surprise-chart | Designer Brands Inc. Quote
</div>
<h2>More on Designer Brands&#39; Q2 Results</h2>
Designer Brands posted adjusted earnings of 29 cents per share, which missed the Zacks Consensus Estimate of 56 cents. The company recorded earnings of 59 cents per share in the year-ago period.
Net sales were $771.9 million, down 2.6% year over year. The top line missed the Zacks Consensus Estimate of $819 million. Also, comparable sales (comps) decreased 1.4% year over year compared with the Zacks Consensus Estimate of a nearly 3.7% decline.
<h2>Insight Into DBI&#39;s Margins &amp; Expenses</h2>
Gross profit amounted to $252.9 million, down 7.5% from $273.4 million in the year-ago quarter. This was primarily due to lesser revenues. Also, the gross margin decreased 170 bps to 32.8% from the prior-year period&#39;s level.
This decline was mainly due to a lower initial markup on athletic and athleisure products as the company focused on increasing its market share in these categories. Additionally, the need to run promotions to clear seasonal inventory put pressure on the gross margin, leading to reduced profitability.
Adjusted SG&amp;A expenses, as a percentage of net sales, rose to 28.9%, up 200 basis points from 26.9% in the same quarter last year. This increase in the ratio was primarily due to a drop in overall sales, combined with higher fixed costs and greater investment in areas like talent acquisition and IT, particularly for e-commerce and back-to-school marketing. However, this impact was somewhat mitigated by cost reductions implemented at the start of the second quarter.
Adjusted net income amounted to $17.1 million, down 56.7% from $39.4 million in the year-ago quarter.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/3a/77463.jpg?v=1059863912" />
Image Source: Zacks Investment Research
<h2>Update on Designer Brands&#39; Segmental Performance</h2>
U.S. Retail: Segment sales decreased 2.6% year over year to $641.7 million compared with the Zacks Consensus Estimate of $652 million.
Canada Retail: Segment sales increased 6.4% year over year to $74.8 million compared with the Zacks Consensus Estimate of $86 million.
Brand Portfolio: Segment sales of $96 million increased 14% year over year. The metric lagged the Zacks Consensus Estimate of $121 million.
<h2>DBI&#39;s Financial Snapshot: Cash, Debt &amp; Equity Overview</h2>
In the second quarter, the company reported cash and cash equivalents totaling $38.8 million compared with $46.2 million at the end of the same period in 2023. It also had $155.1 million available for borrowings under its senior secured asset-based revolving credit facility.
Debt levels also rose significantly, reaching $465.7 million by the end of the second quarter compared with $331 million in the year-ago period. Additionally, the company ended quarter with inventories of $642.8 million, which marked an increase from the $606.8 million recorded at the end of second-quarter 2023.
As part of its efforts to return value to shareholders, the company repurchased 2.7 million Class A common shares during the second quarter, with an aggregate cost of $18 million. As of Aug. 3, 2024, there remained $69.7 million worth of Class A common shares available for repurchase under the share repurchase program.
<h2>Update on DBI&#39;s Stores</h2>
During the fiscal second quarter, the company closed one store in the United States and opened two stores in Canada, resulting in a total of 499 U.S. stores and 177 Canadian stores as of Aug, 3, 2024.
<h2>Designer Brands&#39; FY24 Guidance</h2>
The company has revised its financial outlook for 2024. It now expects sales growth to be flat to low-single digits compared with the initial projection of low-single digits growth.
Additionally, the company has lowered its guidance for adjusted earnings per share. The metric is now expected to be in the range of 50-60 cents compared with the prior guided range of 70-80 cents. This revised outlook reflects more cautious expectations for the remainder of the year.
Shares of this Zacks Rank #3 (Hold) company have lost 29.7% in the past three months compared with the industry&#39;s 12.6% decline.
<h2>Key Picks</h2>
Some better-ranked companies are Boot Barn Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boot#NYSE">BOOT</a>), Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) and Steven Madden, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shoo#NASDAQ">SHOO</a>).
Boot Barn operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. It currently sports a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Boot Barn&#39;s fiscal 2025 earnings and sales indicates growth of 10.3% and 10.7%, respectively, from the fiscal 2023 reported figures. BOOT has a trailing four-quarter average earnings surprise of 7.1%.
Abercrombie is a specialty retailer of premium, high-quality casual apparel. It sports a Zacks Rank of 1 at present. ANF delivered a 16.8% earnings surprise in the last reported quarter.
The consensus estimate for Abercrombie&#39;s fiscal 2025 earnings and sales indicates growth of 61% and 12.6%, respectively, from the fiscal 2024 reported levels. ANF has a trailing four-quarter average earnings surprise of 28%.
Steven Madden designs, sources, markets and sells fashion-forward name-brand and private-label footwear. It currently has a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Steven Madden&#39;s 2024 earnings and sales indicates growth of 6.9% and 12.6%, respectively, from the year-ago actuals. SHOO has a trailing four-quarter average earnings surprise of 9.5%.
<a href="https://www.zacks.com/stock/news/2335063/designer-brands-q2-earnings-miss-estimates-comps-decline-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2335063">To read this article on Zacks.com click here.</a>

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Earnings Misses

Mid Cap

Guidance

Retail Sales

Small Cap

SHOO

Designer Brands' Q2 Earnings Miss Estimates, Comps Decline Y/Y

Benchmark analyst John Lawrence reiterates Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) with a Buy and maintains $140 price target.

Reiteration

Benchmark Reiterates Buy on Boot Barn Holdings, Maintains $140 Price Target

Under Armour, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uaa#NYSE">UAA</a>) has revised its fiscal 2025 restructuring strategy to include additional steps aimed at enhancing supply-chain operations and business efficiency. Originally, the company estimated pre-tax restructuring expenses to be in the range of $70-$90 million.&nbsp;After reevaluation, pre-tax restructuring expenses are anticipated to be in the range of $140-$160 million.
A major driver of this adjustment is the decision to phase out one of its primary distribution centers in Rialto, CA, by March 2026. This restructuring reflects Under Armour&#39;s broader goal of streamlining operations and refining its supply chain. While the updated plan will increase short-term costs, the company aims to emerge more agile and financially stronger in the long run.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/69/77143.jpg?v=261741690" />
Image Source: Zacks Investment Research
<h2>Financial Impact of Restructuring on Under Armour</h2>
The financial impact of Under Armour&#39;s restructuring plan is expected to be significant, involving both cash-related and non-cash expenses. The company projects cash-related charges of up to $75 million, with $30 million allocated for severance and employee benefits and an additional $45 million for various transformation initiatives aimed at improving operational efficiency.&nbsp;
In addition, non-cash charges are anticipated to be almost $85 million. This includes $7 million in severance-related costs and $78 million in impairments tied to assets such as facilities, software and other resources. By the end of the first quarter of fiscal 2025, Under Armour had already incurred $34 million in restructuring costs, consisting of $19 million in cash-related charges and $15 million in non-cash expenses. The company estimates that approximately two-thirds of the total restructuring costs will be recognized by the end of fiscal 2025.
<h2>UAA&#39;s Revised Financial Projections</h2>
As a result of the expanded restructuring efforts, Under Armour has updated its fiscal 2025 financial outlook. The company now forecasts operating loss to be in the range of $220-$240 million, an increase from the previously expected range of $194-$214 million. However, excluding restructuring and litigation-related charges, adjusted operating income is projected to be between $140 million and $160 million.
Additionally, the company has revised its expectations for loss per share, which is now estimated to be between 58 cents and 61 cents, up from the earlier guided range&nbsp; of 53 - 56 cents. On an adjusted basis, excluding the impact of restructuring expenses, Under Armour anticipates earnings per share to be in the range of 19 - 22 cents. These updated projections reflect the financial implications of the restructuring plan.
<h2>Conclusion</h2>
Under Armour&#39;s updated fiscal 2025 restructuring plan marks a significant shift in its efforts to streamline operations and cut costs. The decision to exit a key distribution facility, alongside other transformational initiatives, has led to an increase in anticipated restructuring expenses. Despite the immediate financial impact, including higher projected losses, the company aims to create a more agile and efficient business in the long term.
While the expanded restructuring will result in increased short-term costs, the adjusted earnings outlook, excluding these charges, remains positive. Under Armour aims to be better positioned for sustained profitability and growth in the years to come.
This Zacks Rank #3 (Hold) company&#39;s shares have risen 9.4% in the past three months against the industry&#39;s 10.9% decline.
<h2>Key Picks</h2>
Some better-ranked stocks are Boot Barn Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boot#NYSE">BOOT</a>), Abercrombie &amp; Fitch Co.&nbsp;and Steven Madden, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shoo#NASDAQ">SHOO</a>).
Boot Barn operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. It currently sports a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Boot Barn&#39;s fiscal 2025 earnings and sales indicates growth of 8.9% and 10.7%, respectively, from the fiscal 2023 figures. BOOT has a trailing four-quarter average earnings surprise of 7.1%.
Abercrombie is a specialty retailer of premium, high-quality casual apparel. It sports a Zacks Rank of 1 at present. ANF delivered a 16.8% earnings surprise in the last reported quarter.
The consensus estimate for Abercrombie&#39;s fiscal 2025 earnings and sales indicates growth of 61% and 12.6%, respectively, from the fiscal 2024 levels. ANF has a trailing four-quarter average earnings surprise of 28%.
Steven Madden designs, sources, markets and sells fashion-forward name-brand and private-label footwear. It currently has a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Steven Madden&#39;s 2024 earnings and sales indicates growth of 6.9% and 12.6%, respectively, from the year-ago actuals. SHOO has a trailing four-quarter average earnings surprise of 9.5%.
<a href="https://www.zacks.com/stock/news/2333875/under-armour-s-restructuring-to-improve-supply-chain-long-term-growth?cid=CS-BENZ-FT-analyst_blog|rank_focused-2333875">To read this article on Zacks.com click here.</a>

Under Armour's Restructuring to Improve Supply Chain, Long-Term Growth

JP Morgan analyst Matthew Boss maintains Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) with a Overweight and raises the price target from $146 to $160.

JP Morgan Maintains Overweight on Boot Barn Holdings, Raises Price Target to $160

U.S. stocks were mixed, with the Dow Jones index falling around 100 points on Tuesday.
Shares of Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) rose sharply during Tuesday's session as the company posted stronger-than-expected <a href="https://www.benzinga.com/news/earnings/24/09/40782532/calavo-growers-stock-climbs-after-q3-results-dividend-increase-details">results for its third quarter.</a>
Calavo Growers reported quarterly earnings of 57 cents per share, which beat the analyst consensus estimate of 43 cents by 32.56%.&nbsp; The company reported quarterly sales of $179.6 million which beat the analyst consensus estimate of $178.54 million.
The company increased its cash dividend by 10 cents per share to 20 cents per share to be paid on Oct. 30, 2024, to shareholders of record on Oct. 2, 2024
Calavo Growers shares jumped 12.5% to $26.76 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Mission Produce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVO#NASDAQ">AVO</a>) shares jumped 17.1% to $12.52 after the company reported better-than-expected third-quarter financial results.</li>
<li>Avid Bioservices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDMO#NASDAQ">CDMO</a>) shares jumped 15.8% to $10.37 following a narrower-than-expected quarterly loss.</li>
<li>Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) rose 12.5% to $157.33 following upbeat quarterly earnings.</li>
<li>Centessa Pharmaceuticals plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTA#NASDAQ">CNTA</a>) gained 12.3% to $16.77 after the company announced interim data from an ongoing Phase 1 trial of ORX750 in acutely sleep-deprived healthy volunteers.</li>
<li>Boot Barn Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) rose 12.1% to $156.48 after BTIG raised its price target on the stock from $150 to $165.</li>
<li>Terns Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TERN#NASDAQ">TERN</a>) gained 11.8% to $10.14. Terns announced a $125 million proposed public offering.</li>
<li>Viridian Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRDN#NASDAQ">VRDN</a>) jumped 10.8% to $15.72 after the company reported topline data from the THRIVE phase 3 clinical trial of VRDN-001 in patients with active thyroid eye disease.</li>
<li>InMode Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INMD#NASDAQ">INMD</a>) gained 10.7% to $17.19 after announcing a share repurchase program of up to 7.68 million shares.</li>
<li>Kornit Digital Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) rose 8.8% to $19.83. Kornit Digital's board authorized a $100 million share repurchase program.</li>
<li>Highest Performances Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPH#NASDAQ">HPH</a>) jumped 8.4% to $1.55.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) rose 5.5% to $19.92.</li>
<li>Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) gained 5.3% to $384.32.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 4% to $224.82, buoyed by positive tidings from China. Vehicle insurance registration data for Tesla vehicles came in at a robust 16,200 for the week ended Sept. 8, CnEVPost reported, citing data provided by Li Auto. This compares to the previous week's number of 14,400 units and marked the strongest increase since the 17,500 units reported for the third week of June..</li>
</ul>
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Intraday Update

Movers

CDMO

CNTA

CVGW

INMD

KRNT

ORCL

TERN

TSLA

VRDN

WING

Calavo Growers Posts Better-Than-Expected Earnings, Joins Tesla, Oracle, Mission Produce And Other Big Stocks Moving Higher On Tuesday

WIIM

Boot Barn shares are trading higher after BTIG raised its price target on the stock from $150 to $165.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>TD Cowen raised the price target for Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) from $165 to $180. TD Cowen analyst Derrick Wood maintained a Buy rating. Oracle shares fell 1.4% to close at $139.89 on Monday. <a href="https://www.benzinga.com/quote/ORCL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BTIG boosted the price target for Boot Barn Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) from $150 to $165. BTIG analyst Janine Stichter maintained a Buy rating. Boot Barn shares gained 3% to close at $139.55 on Monday. <a href="https://www.benzinga.com/quote/BOOT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities raised Terns Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TERN#NASDAQ">TERN</a>) price target from $15 to $20. JMP Securities analyst Silvan Tuerkcan maintained a Market Outperform rating. Terns Pharmaceuticals shares gained 16.8% to close at $9.12 on Monday. <a href="https://www.benzinga.com/quote/TERN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) price target from $76 to $80. B of A Securities analyst Andrew Obin upgraded the stock from Neutral to Buy. Johnson Controls shares gained 1.1% to close at $68.60 on Monday. <a href="https://www.benzinga.com/quote/JCI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital cut the price target for Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) from $40 to $38. BMO Capital analyst Keith Bachman maintained an Outperform rating. Rubrik shares rose 4.4% to close at $32.06 on Monday. <a href="https://www.benzinga.com/quote/RVRK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Redburn Atlantic boosted Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) price target from $860 to $890. Redburn Atlantic analyst Daniela Nedialkova downgraded the stock from Buy to Neutral. Costco shares gained 2.3% to close at $896.49 on Monday. <a href="https://www.benzinga.com/quote/COST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel raised IDEAYA Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDYA#NASDAQ">IDYA</a>) price target from $63 to $68. Stifel analyst Benjamin Burnett maintained a Buy rating. IDEAYA Biosciences shares rose 0.7% to close at $36.45 on Monday. <a href="https://www.benzinga.com/quote/IDYA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased the price target for Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) from $360 to $400. Baird analyst William Power maintained an Outperform rating. Axon Enterprise shares gained 2.8% to close at $364.39 on Monday. <a href="https://www.benzinga.com/quote/AXON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank boosted Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) price target from $62 to $83. Deutsche Bank analyst Derek Johnston upgraded the stock from Hold to Buy. Equity Residential shares gained 1% to close at $75.10 on Monday. <a href="https://www.benzinga.com/quote/EQR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital boosted News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) price target from $38 to $39. Loop Capital analyst Alan Gould maintained a Buy rating. News Corporation shares gained 0.1% to close at $26.60 on Monday. <a href="https://www.benzinga.com/quote/NWSA/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying ORCL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21-1024x486.png" alt="" class="wp-image-539772" style="width:624px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21-1024x486.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21-300x142.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21-768x364.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21.png 1396w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

AXON

COST

IDYA

NWSA

RBRK

Oracle To Rally Around 29%? Here Are 10 Top Analyst Forecasts For Tuesday

In the last three months, 8 analysts have published ratings on Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Boot Barn Holdings, revealing an average target of $143.0, a high estimate of $165.00, and a low estimate of $125.00. This upward trend is apparent, with the current average reflecting a 6.12% increase from the previous average price target of $134.75.
<img src="https://www.benzinga.com/files/images/story/2024/1725969654_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Boot Barn Holdings among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Janine Stichter</td>
<td>BTIG</td>
<td>Raises</td>
<td>Buy</td>
<td>$165.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$127.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Peter Keith</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$147.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Jonathan Komp</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$140.00</td>
<td>$132.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$125.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Matthew Boss</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$146.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Steven Zaccone</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$154.00</td>
<td>$122.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Boot Barn Holdings. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Boot Barn Holdings compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Boot Barn Holdings's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Boot Barn Holdings's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BOOT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Boot Barn Holdings analyst ratings.</a>
<h2>All You Need to Know About Boot Barn Holdings</h2>
Boot Barn Holdings Inc operates specialty retail stores. The company sells western and work-related footwear, apparel, and accessories in the United States. It is a single operating segment, which includes net sales generated from its retail stores and e-commerce websites.
<h3>Boot Barn Holdings: Financial Performance Dissected</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Over the 3 months period, Boot Barn Holdings showcased positive performance, achieving a revenue growth rate of 10.34% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.19%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Boot Barn Holdings's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.04%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Boot Barn Holdings's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.24%, the company showcases efficient use of assets and strong financial health.
Debt Management: Boot Barn Holdings's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.5.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 8 Analyst Projections For Boot Barn Holdings

BTIG analyst Janine Stichter maintains Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) with a Buy and raises the price target from $150 to $165.

BTIG Maintains Buy on Boot Barn Holdings, Raises Price Target to $165

Stitch Fix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfix#NASDAQ">SFIX</a>) has seen a substantial 45.4% surge in its stock price in the past six months, significantly outpacing the Zacks Retail-Apparel and Shoes industry&#39;s 6.5% decline. This impressive growth is driven by the company&#39;s strategic initiatives, such as AI-powered inventory management, pricing optimization, margin expansion, enhanced client engagement and improved cost efficiency.
These efforts have enabled Stitch Fix to outperform both the broader Retail-Wholesale sector and the S&amp;P 500 index, which saw growth of 2.6% and 5.9%, respectively, in the same period. This impressive uptick has left many investors wondering if they missed out on a lucrative opportunity or if there is still potential for growth. Closing at $3.46 as of Sept. 6, the SFIX stock is inching toward its 52-week high of $5.05 attained on July 16, 2024.
Technical indicators are supportive of Stitch Fix&#39;s strong performance. The stock is trading above both its 100-day and 200-day moving averages, indicating robust upward momentum and price stability. This technical strength reflects positive market perception and confidence in SFIX&#39;s financial health and prospects.
From a valuation perspective, the stock presents an attractive opportunity, trading at a discount relative to historical and industry benchmarks. With a forward 12-month price-to-sales ratio of 0.33, below the five-year median of 0.54 and the industry&#39;s average of 1.04, the stock offers compelling value for investors seeking exposure to the sector. The stock currently has a Value Score of A, further validating its appeal.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/17/76991.jpg?v=763422785" />
Image Source: Zacks Investment Research
<h2>Stitch Fix&#39;s Strategic Moves to Drive Growth</h2>
Stitch Fix continues to fuel its growth by leveraging AI and data analytics, which have become central to the company&#39;s operations. A key driver of this success is the implementation of an AI-driven inventory buying tool, now responsible for nearly half of all inventory decisions, significantly boosting efficiency compared to traditional methods. This strategic application of AI highlights Stitch Fix&#39;s commitment to innovating business processes and maintaining a competitive edge.
The introduction of Quick Fixes, a feature that allows clients to schedule an additional fix immediately after checkout, has led to a 25% increase in average order value within three weeks, showcasing the company&#39;s agility in meeting client needs. Additionally, a comprehensive review of pricing architecture has resulted in adjustments expected to generate more than $20 million in annualized contribution profit, aligning prices with the value offered and enhancing profitability.
Stitch Fix has also made significant strides in margin expansion and operational efficiency. In the third quarter of fiscal 2024, the company reported a 280-basis-point year-over-year increase in gross margin, reaching 45.5%. This improvement was driven by strong product margins and better transportation leverage, reflecting the company&#39;s strategic focus on optimizing pricing and inventory management.
Enhancing the client experience remains a top priority for Stitch Fix. The company has introduced more dynamic and personalized interactions, such as increasing the number of items in each fix, refining discount strategies and improving the onboarding process. These initiatives have already delivered promising results, with higher average order values and improved retention metrics, indicating strong client satisfaction and loyalty.
The launch of Stitch Fix Freestyle has created a unique shopping experience, allowing customers to discover and purchase curated items based on their style preferences, fit and size, without the need for a Fix first. This initiative is part of the company&#39;s broader strategy to expand its client base and achieve long-term profitability.
On the marketing front, Stitch Fix is refining its strategy to prioritize liquidity preservation and profitability by focusing on high-lifetime-value clients. The company is also restructuring its operations, including consolidating U.S. warehouse locations from five to three and successfully divesting its U.K. operations, further aligning SFIX&#39;s business for sustained growth.
<h2>Declining Active Client Base: A Major Hurdle of SFIX</h2>
The reduction in the active client base in the past eight quarters has been a major concern and is the primary factor behind the company&#39;s revenue decline. In the third quarter of fiscal 2024, the number of active clients involved in ongoing operations fell to 2,633,000, representing a 20% year-over-year decrease.
Consequently, the company&#39;s revenues dropped 15.8% in the fiscal third quarter. This persistent decline in sales indicates ongoing challenges in client retention and acquisition, possibly indicating deeper issues related to product appeal or increased market competition.
<h2>Conclusion</h2>
Investors may consider SFIX stock due to its strong recovery momentum, bolstered by innovative AI-driven inventory management and pricing strategies, which have significantly improved efficiency, margins and client engagement.
Despite a decline in the active client base, the stock&#39;s value appeal is evident in its low price-to-sales ratio and outperforming industry benchmarks, combined with technical indicators showing robust price stability. This makes SFIX an attractive option for those seeking exposure to a company leveraging advanced analytics for growth. The company&#39;s focus on operational efficiency and profitability further enhances its investment potential. Stitch Fix currently carries a Zacks Rank #3 (Hold).
<h2>Key Picks</h2>
Some better-ranked stocks are Boot Barn Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boot#NYSE">BOOT</a>), Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) and Steven Madden, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shoo#NASDAQ">SHOO</a>).
Boot Barn operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. It currently sports a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Boot Barn&#39;s fiscal 2025 earnings and sales indicates growth of 8.9% and 10.7%, respectively, from the fiscal 2023 figures. BOOT has a trailing four-quarter average earnings surprise of 7.1%.
Abercrombie is a specialty retailer of premium, high-quality casual apparel. It sports a Zacks Rank of 1 at present. ANF delivered a 16.8% earnings surprise in the last reported quarter. The consensus estimates for Abercrombie&#39;s fiscal 2025 earnings and sales indicate growth of 61% and 12.6%, respectively, from the fiscal 2024 levels. ANF has a trailing four-quarter average earnings surprise of 28%.
Steven Madden designs, sources, markets and sells fashion-forward name-brand and private-label footwear. It currently has a Zacks Rank of 2 (Buy). The Zacks Consensus Estimate for Steven Madden&#39;s 2024 earnings and sales indicates growth of 6.9% and 12.6%, respectively, from the year-ago actuals. SHOO has a trailing four-quarter average earnings surprise of 9.5%.
<a href="https://www.zacks.com/stock/news/2333466/should-you-invest-in-stitch-fix-stock-after-a-45-rise-in-six-months?cid=CS-BENZ-FT-analyst_blog|rank_focused-2333466">To read this article on Zacks.com click here.</a>

Penny Stocks

Technicals

SFIX

Should You Invest in Stitch Fix Stock After a 45% Rise in Six Months?

Burlington Stores, Inc. has reported impressive second-quarter fiscal 2024 results, wherein sales and earnings beat the Zacks Consensus Estimate. Also, both the bottom and top lines grew year over year. The company raised its fiscal 2024 outlook driven by robust performance.
Burlington Stores has been focusing on strategic initiatives to drive growth and profitability, including a significant expansion of its store footprint. The company is also working on optimizing its merchandise assortment by increasing the mix of better brands, which will help attract more customers and reinforce its value proposition.
Additionally, the company is enhancing its supply chain through productivity initiatives, which include modernizing its distribution centers with more automation. This focus on operational improvements, along with better inventory management resulting in faster turnover and lower markdowns, supports overall profitability.
<div class="chart_embed">
<h3>Burlington Stores, Inc. Price, Consensus and EPS Surprise</h3>
<h2><img alt="Burlington Stores, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/6c/1725016595.png" style="height:265px; width:590px" title="" /></h2>
Burlington Stores, Inc. price-consensus-eps-surprise-chart | Burlington Stores, Inc. Quote
</div>
<h2>More on Burlington Stores&#39; Q2 Financial Results</h2>
Burlington Stores reported adjusted earnings of $1.20 per share, which surpassed the Zacks Consensus Estimate of 95 cents. The bottom line rose 100% from 60 cents in the year-ago quarter. Excluding the acquisition of Bed Bath &amp; Beyond leases, earnings were $1.24 per share compared with 63 cents in the year-ago period.
Total revenues of $2,465.5 million increased 13.4% from the prior-year quarter and beat the Zacks Consensus Estimate of $2,421 million. The company&#39;s comparable store sales jumped 5% from the year-ago period. Net sales were $2,461.2 million and other revenues were $4.3 million.
<h2>Insight Into BURL&#39;s Margins</h2>
The gross margin was 42.8%, up 110 basis points (bps) from second-quarter fiscal 2023. We expected the gross margin to increase 60 bps year over year. The merchandise margin expanded 90 bps due to lower markdowns. Freight expenses improved 20 bps year over year driven by lower freight rates and cost savings initiatives.
Adjusted selling, general and administrative (SG&amp;A) expenses rose 13.7% year over year to $667.1 million. Adjusted SG&amp;A expenses, as a rate of sales, was 27.1%, up 10 bps from second-quarter fiscal 2023. We estimated adjusted SG&amp;A expenses to grow 9.6% year over year in the second quarter.
Product sourcing costs were $192 million, up from $183 million in the year-ago quarter. This is due to supply-chain expense leverage from continued progress on the company&#39;s distribution center productivity initiatives.
Adjusted EBITDA increased 43.3% from the second quarter of fiscal 2023 to $201.8 million. The adjusted EBITDA margin increased 170 bps to 8.2%. Adjusted EBIT was $115.2 million, up 70.1% from $67.7 million in the year-ago quarter. The adjusted EBIT margin was 4.7%, up 160 bps from the year-ago quarter.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d6/76056.jpg?v=1270245050" /> 
Image Source: Zacks Investment Research
<h2>An Update on Burlington Stores&#39; Fleet of Stores</h2>
In the fiscal second quarter, Burlington Stores expanded its presence significantly by opening 36 net new stores, bringing the total to 1,057 locations by the end of the quarter. The company also relocated four older, oversized stores as part of its ongoing efforts to optimize its store base.
BURL is on track to open approximately 100 net new stores and relocate around 30 locations in fiscal 2024. Sales of the new stores are exceeding the company&#39;s expectations, which typically target about $7 million in sales for the first full year of operation. This expansion strategy is a central part of Burlington&#39;s growth plan as it continues to build out its store network across the United States.
<h2>BURL&#39;s Financial Snapshot: Cash, Debt and Equity Overview</h2>
The company ended the reported quarter with cash and cash equivalents of $659.9 million, long-term debt of $1.23 billion and stockholders&#39; equity of $1.07 billion. BURL exited the fiscal second quarter with $1.48 billion of liquidity, including $660 million of unrestricted cash and $816 million available under its ABL facility.
Burlington Stores ended the quarter with $1.40 billion of outstanding total debt, comprising $929 million under its term-loan facility, $453 million of convertible notes and no borrowings under its ABL facility.
The company bought back 269,508 shares for $61 million under its share repurchase plan in the fiscal second quarter. As of Aug 3., 2024, BURL had $380 million remaining under its current share repurchase authorization.
<h2>BURL&#39;s Fiscal 2024 Guidance</h2>
For the fiscal third quarter, the company anticipates a 10-12% increase in total sales. This projection is based on an expected 0-2% increase in comparable store sales from the year-ago quarter. The adjusted EBIT margin is expected to improve 60-80 bps year over year in the third quarter.
The company estimates an adjusted effective tax rate of approximately 25%. Additionally, it forecasts adjusted earnings per share to be in the range of $1.45-$1.55, up from adjusted EPS of $1.10 (which excludes $7 million, net of tax, of expenses related to the acquired Bed Bath &amp; Beyond leases) in the year-ago period.
For the fiscal fourth quarter, the outlook indicates comparable store sales to remain flat or grow up to 2%. Total sales are expected to increase between 5% and 7%. EBIT margins are anticipated to decrease in the band of 50-80 bps. EPS is projected to be in the range of $3.55-$3.75. It&#39;s important to note that the shift to a 53rd week in the fiscal year is anticipated to have a significant negative impact on total sales, adjusted EBIT and adjusted EPS for the fourth quarter.
The company&#39;s revised projections for fiscal 2024 indicate a more optimistic outlook compared with previous estimates. Total sales are now expected increase in the band of 9-10%, slightly higher than the earlier estimated 8-10%. Comparable store sales are now expected to grow in the range of 2-3%, an improvement from the previous estimate of 0-2%, indicating stronger expected performance at individual stores. In terms of profitability, the adjusted EBIT margin is projected to increase in the range of 50-70 bps, which is slightly more favorable than the previous estimated range of 40-60 bps.
The forecast for adjusted EPS has also been revised upward and is now expected to be in the range of $7.66-$7.96 compared with the earlier estimate of $7.35-$7.75. This indicates stronger overall profitability. Both projections exclude expenses associated with the acquired Bed Bath &amp; Beyond leases.
In fiscal 2024, management intends a capital expenditure, net of landlord allowances, of $750 million. Net interest expenses are expected to be $40 million whereas the adjusted effective tax rate is likely to be 26%.
Over the past three months, this Zacks Rank #3 (Hold) company has gained 11.3% compared with the industry&#39;s 7.7% growth.
<h2>Stocks to Consider</h2>
Some better-ranked stocks are Boot Barn Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boot#NYSE">BOOT</a>), Deckers Outdoor Corporation&nbsp;and Steven Madden, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shoo#NASDAQ">SHOO</a>).
Boot Barn operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. It currently sports a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Boot Barn&#39;s fiscal 2025 earnings and sales indicates growth of 8.9% and 10.7%, respectively, from the fiscal 2023 reported figures. BOOT has a trailing four-quarter average earnings surprise of 7.1%.
Deckers Outdoor is a leading designer, producer and brand manager of innovative, niche footwear and accessories. It has a Zacks Rank #2 (Buy) at present. DECK delivered a 25.9% earnings surprise in the last reported quarter.
The consensus estimate for Deckers&#39; fiscal 2025 earnings and sales indicates growth of 8.4% and 11.5%, respectively, from the fiscal 2024 reported levels. DECK has a trailing four-quarter average earnings surprise of 47.2%.
Steven Madden designs, sources, markets and sells fashion-forward name-brand and private-label footwear. It currently has a Zacks Rank of 2.
The Zacks Consensus Estimate for Steven Madden&#39;s 2024 earnings and sales indicates growth of 6.9% and 12.6%, respectively, from the year-ago actuals. SHOO has a trailing four-quarter average earnings surprise of 9.5%.
<a href="https://www.zacks.com/stock/news/2329635/burlington-stores-q2-earnings-beat-estimates-fiscal-2024-outlook-raised?cid=CS-BENZ-FT-analyst_blog|earnings_article-2329635">To read this article on Zacks.com click here.</a>

Earnings Beats

Large Cap

Burlington Stores' Q2 Earnings Beat Estimates, Fiscal 2024 Outlook Raised

G-III Apparel Group, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/giii#NASDAQ">GIII</a>) is strategically positioned for continued growth and profitability through its aggressive digital and omnichannel expansion, strong performance in wholesale and retail segments and significant partnerships such as the one with AWWG. The company&#39;s focus on enhancing its European presence, reducing reliance on PVH brands and targeting high-growth markets like India and China is likely to drive success.
With a solid financial foundation, robust brand performance and a commitment to strategic marketing and cost management, G-III Apparel is well-equipped to meet the company&#39;s fiscal 2025 targets and sustain its positive trajectory in the apparel industry.
Driven by these factors, G-III Apparel has showcased impressive resilience in the past year, with its shares gaining 40.1%. This growth contrasts sharply with the 3.8% decline in the Zacks Textile - Apparel industry. GIII&#39;s operational prowess has also helped it outperform the broader Zacks Consumer Discretionary sector and the S&amp;P 500&#39;s respective growth of 7.8% and 26.7%.&nbsp; 
Additionally, the stock currently has a Value Score of A, thus further validating its appeal.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/78/75533.jpg?v=638652141" />
Image Source: Zacks Investment Research
<h2>Strategic Growth and Expansion Initiatives by GIII Apparel</h2>
G-III Apparel is swiftly advancing its digital and omnichannel growth strategies with the goal of becoming a leading omnichannel entity. A key aspect of this strategy is enhancing its digital footprint through upgrades to the DKNY and Karl Lagerfeld Paris e-commerce platforms. These updates include modernized designs, revamped loyalty programs, expanded CRM capabilities and advanced technical operations.
G-III Apparel is broadening its presence in Europe by utilizing AWWG&#39;s infrastructure in Spain and Portugal. The company has increased its stake in AWWG from 12% to around 19%. Furthermore, AWWG&#39;s strong market presence in India provides additional growth opportunities for GIII&#39;s brands.
In North America, GIII is revamping its retail operations with significant marketing investments aimed at enhancing global brand awareness and sales. This plan involves decreasing dependence on PVH brands and focusing on expanding market presence in high-growth areas like India and China. This fall, the company plans to add more than 2,500 retail points of sale in major department stores, which is anticipated to drive substantial sales growth.
In terms of performance, G-III Apparel experienced significant growth in the first quarter of fiscal 2025, with wholesale segment net sales rising to $598 million and retail segment net sales increasing to $31 million despite store closures.
<h2>GIII&#39;s Brand Success Boosting Fiscal 2025 Sales Guidance</h2>
G-III Apparel has made notable progress in brand development and marketing, with DKNY achieving impressive double-digit sales growth in the fiscal first quarter, thanks to effective marketing campaigns and strategic partnerships, including one with the New York Yankees. The brand&#39;s international expansion has been further supported by pop-up events in Europe.
Karl Lagerfeld also experienced significant growth in North America, nearly 50%, bolstered by the expansion of its distribution network to 500 locations and the launch of the sustainable Karl Lagerfeld Jeans line. The successful relaunch of Donna Karan is marked by high average unit retail prices, improved sell-through rates and increased retailer margins. Marketing campaigns featuring Cindy Crawford and Karlie Kloss have enhanced consumer engagement.
As a result of these developments, G-III Apparel has confirmed its fiscal 2025 net sales guidance at $3.2 billion, indicating a 3% year-over-year increase. This optimistic forecast is supported by strong brand performance, strategic marketing investments and effective cost management.
<h2>Shifting Consumer Spending- a Key Hurdle of G-III Apparel</h2>
However, this Zacks Rank #3 (Hold) company faces challenges in the current operating environment. Fluctuating consumer confidence, influenced by inflationary pressures, has shifted spending patterns, with consumers focusing more on essential purchases over discretionary items. This shift may negatively impact the company&#39;s performance in the near term.
For the fiscal second quarter, the company anticipates adjusted net income between $10-$15 million and adjusted earnings in the band of 22-32 cents per share. The anticipated figures are down from the adjusted net income of $18.6 million and adjusted earnings of 40 cents per share reported in the second quarter of fiscal 2024.
Despite current challenges, GIII&#39;s strategic focus on e-commerce, global expansion and strengthening its brands is expected to navigate the business landscape effectively. With investments in digital innovation, market growth in Europe and India and extensive marketing in North America, G-III Apparel is well-positioned for robust growth and long-term investor value.
<h2>Key Picks</h2>
Some better-ranked stocks are Boot Barn Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boot#NYSE">BOOT</a>), Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) and Steven Madden, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shoo#NASDAQ">SHOO</a>).
Boot Barn operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. It currently sports a Zacks Rank of 1 (Strong Buy).
The Zacks Consensus Estimate for Boot Barn&#39;s fiscal 2025 earnings and sales indicates growth of 8.9% and 10.7%, respectively, from the fiscal 2024 reported figures. BOOT has a trailing four-quarter average earnings surprise of 7.1%.
Abercrombie is a specialty retailer of premium, high-quality casual apparel. It has a Zacks Rank of 2 (Buy) at present. ANF delivered a 28.9% earnings surprise in the last reported quarter. The consensus estimate for Abercrombie&#39;s fiscal 2024 earnings and sales indicates growth of 52.4% and 11.3%, respectively, from the fiscal 2023 reported levels. ANF has a trailing four-quarter average earnings surprise of 210.3%.
Steven Madden designs, sources, markets and sells fashion-forward name-brand and private-label footwear. It currently has a Zacks Rank of 2. The Zacks Consensus Estimate for Steven Madden&#39;s 2024 earnings and sales indicates growth of 6.9% and 12.4%, respectively, from the year-ago actuals. SHOO has a trailing four-quarter average earnings surprise of 9.5%.
<a href="https://www.zacks.com/stock/news/2327689/g-iii-apparel-gains-from-digital-expansion-strategic-partnership?cid=CS-BENZ-FT-analyst_blog|rank_focused-2327689">To read this article on Zacks.com click here.</a>

Events

GIII

G-III Apparel Gains From Digital Expansion, Strategic Partnership

U.S. retail sales made a solid rebound in July, following a decline in June and after struggling for most of the year. Although price pressures continue, it has decreased substantially over the past few months, which allowed consumers to spend freely last month.
<h3>Retail Sales Soar Past Expectations</h3>
The Commerce Department said on Aug 15 that retail sales grew a solid 1% in July, following a 0.2% decline in June and ahead of the consensus estimate of a rise of 0.3%.
Retail sales, excluding gasoline, food, building materials and automobiles rose 0.3% in July after increasing 0.9% in June. Year over year, retail sales jumped 2.7% in the previous month, while total sales from May through July advanced 2.4% from the year-ago levels.
July&#39;s jump was driven by a solid 3.6% jump in sales at motor vehicles and auto parts dealers. Sales at electronics and appliance stores rose 1.6% in July. Sales at food and beverage outlets rose 0.9%.
Online sales increased 0.2% in July after increasing 2.2% in June. Amazon.com, Inc&#39;s&nbsp;Prime Day was largely responsible for the jump in online sales. Also, back-to-school shopping gave a boost to overall retail sales.
Resilient consumer spending saw retail sales grow in July, which could alleviate fears of a recession that were triggered earlier this month following a disappointing jobs report and a spike in the unemployment rate.
Inflation has been declining over the past quarter, with the consumer price index reading increasing marginally in July.
Year over year, CPI increased 2.9% in July, lower than June&#39;s jump of 3%. This was also the lowest pace of increase since March 2021.
A solid retail sales report coupled with softer inflation data has raised hopes that the Federal Reserve will finally start rate cuts in September. Lower interest rates bode well for the retail sector and the broader economy as it will give consumers more purchasing power.
<h3>Our Choices</h3>
Given this scenario, we have narrowed our search to four retail stocks such as Boot Barn Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boot#NYSE">BOOT</a>), American Eagle Outfitters, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aeo#NYSE">AEO</a>), eBay Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ebay#NASDAQ">EBAY</a>) and The Gap, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>), with strong potential for 2024.
These stocks have seen positive earnings estimate revisions in the last 60 days. Each of the stocks has a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Boot Barn Holdings, Inc. operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. BOOT&#39;s products include boots, denim, western shirts, cowboy hats, belts and belt buckles, and western-style jewelry and accessories; and rugged footwear, outerwear, overalls, denims, and shirts, as well as safety-toe boots, and flame-resistant and high-visibility clothing.
Boot Barn Holdings&#39; expected earnings growth rate for the current year is 8.9%. The Zacks Consensus Estimate for current-year earnings has improved 9.5% over the past 60 days.&nbsp;BOOT presently sports a Zacks Rank #1.
American Eagle Outfitters, Inc. is a specialty retailer of casual apparel, accessories and footwear for men and women aged 15-25 years. AEO, along with its subsidiaries, engages in the designing and marketing of casual clothing.
American Eagle Outfitters&#39; expected earnings growth rate for the current year is 17.1%. The Zacks Consensus Estimate for current-year earnings has improved 1.7% over the past 60 days.&nbsp;AEO presently carries a Zacks Rank #2.
eBay Inc. operates an online shopping platform, which provides sellers the tools to build online store formats, making it easier for customers to browse by brands. Over the years, EBAY has evolved from a relatively small community user-based auction site to a worldwide commercial behemoth store. eBayis well-positioned in the online marketplace space.
eBay&#39;s expected earnings growth rate for the current year is 13.2%. The Zacks Consensus Estimate for current-year earnings has improved 2.1% over the past 60 days.&nbsp;EBAY currently carries a Zacks Rank #2.
The Gap, Inc. is a premier international specialty retailer offering a diverse range of clothing, accessories, and personal care products. GPS offers products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Hill City brands.
The Gap&#39;s expected earnings growth rate for the current year is 24.5%. The Zacks Consensus Estimate for current-year earnings has improved 2.3% over the past 60 days.&nbsp;GPS currently has a Zacks Rank #2.
<a href="https://www.zacks.com/stock/news/2323809/4-stocks-to-gain-from-as-retail-sales-make-solid-rebound?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2323809">To read this article on Zacks.com click here.</a>

EBAY

4 Stocks to Gain From as Retail Sales Make Solid Rebound

Boot Barn rallies to a new high after pointing to sequential sales improvement

Williams Trading analyst Sam Poser has maintained their bullish stance on BOOT stock, giving a Buy rating today. Sam Poser has given his Buy rating...

Buy Rating Affirmed for Boot Barn Amid Strong Sales Performance and Growth Prospects

Benchmark Co. analyst John Lawrence maintained a Buy rating on Boot Barn (BOOT – Research Report) today and set a price target of $140.00. The comp...

Benchmark Co. Keeps Their Buy Rating on Boot Barn (BOOT)

In a report released today, Mitch Kummetz from Seaport Global reiterated a Buy rating on Boot Barn (BOOT – Research Report), with a price target of...

Seaport Global Sticks to Their Buy Rating for Boot Barn (BOOT)

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Most retailer stocks have short interest above their five-year averages – Citi

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Press Releases

Boot Barn Holdings, Inc. Announces Preliminary Third Quarter Results and Participation in the 2024 ICR Conference

Boot Barn Holdings, Inc. to Report Third Quarter Fiscal Year 2024 Results on January 31, 2024

Boot Barn Holdings, Inc. Announces Third Quarter Fiscal Year 2024 Financial Results

Boot Barn Holdings, Inc. to Report Fourth Quarter and Fiscal Year 2024 Results on May 14, 2024

Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Boot Barn Holdings, Inc. (NYSE: BOOT)

Boot Barn Holdings, Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results

Boot Barn Holdings, Inc. Announces May and June Conference Schedule

Boot Barn Holdings, Inc. to Report First Quarter Fiscal Year 2025 Results on August 7, 2024

Boot Barn Holdings, Inc. Announces First Quarter Fiscal Year 2025 Financial Results

Boot Barn Holdings, Inc. Announces Participation in the Piper Sandler Growth Frontiers Conference

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