NYSE:BOOTSpecialty Retail
Boot Barn (BOOT) Stock Gains Face A Steep Valuation Gap
Boot Barn Holdings stock closed up 2.3% at US$154.37, a firm move for a retailer that came into the print with a weak 30 day stretch and a near 10% slide over 90 days. The market liked what it saw on the surface. The headline, though, is not just a solid first quarter but a valuation story that now looks more stretched against the company’s own cash flow math.
Earnings of US$2.31 per share on US$593.5m of revenue fit a retailer that continues to grow. The tension for investors now sits...