Subscribe to Updates

    Get the latest creative news from CRYPTO NOUNCE.

    What's Hot

    Traditional finance fears drive digital asset investment inflows to $160M

    March 27, 2023

    Neptyne is building a Python-powered spreadsheet for data scientists

    March 27, 2023

    Cathie Wood’s Ark Invest buys more Coinbase and Block shares 

    March 27, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram Vimeo
    Cryptonounce.com
    Contact
    • Business
      • Deals
      • investors
      • IPO
      • Startups
      • Wall Street
    • Markets
      • Bonds
      • Commodities & Futures
      • Currencies
      • Funds & ETFs
      • Stocks
    • Crypto
      • Alticoins News
      • Binance News
      • Bitcoins News
      • Blockchain News
      • Ethereum News
      • Token Sales News
      • XRP News
    • Technology
      • Artificial Intelligence
      • Big Data
      • Cloud Computing
      • Cybersecurity
      • Gaming
      • Internet of Things
      • Mobile
      • Social Media
      • Transportation
      • VR & AR
    • FinTech
    • Personal finance
    • Grides
      • Crypto
      • FinTech
      • Investing
      • Personal Finance Guides
      • Techonology
    • Tools
      • Coins
      • ICO List
      • Organigations
      • Events
    Cryptonounce.com
    Home » Bank of America says buy this ‘best-in-class’ western footwear stock
    Investing

    Bank of America says buy this ‘best-in-class’ western footwear stock

    AdmincryptBy AdmincryptJanuary 6, 2023No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Shares of under-the-radar foot and apparel retailer Boot Barn can surge as consumers buy up western wear, Bank of America said Friday. Analyst Jason Haas initiated coverage of the company with a buy rating and $85 price target, saying that Boot Barn’s expansion toward its 900 domestic store target should help it take share from a fragmented mom and pop market and win over rural consumers. Haas’ price target implies upside of 35% from Thursday’s close. “Boot Barn has a multi-year runway to grow its store count and take share in the fragmented western, work, and country lifestyle footwear and apparel market,” he wrote, calling Boot Barn a “best-in-class western footwear and apparel” retailer. “With larger scale comes better pricing, better selection, more exclusive brands, and better customer service.” Boot Barn is benefitting from a pandemic-induced migration to rural areas, and booming interest in cowboy boots and western apparel, Haas said. He does, however, expect this fashion trend to moderate going forward. “While still ‘in-style,’ we’re concerned that this trend has peaked and expect a decline in Boot Barn’s ladies’ fashion boots and apparel going forward,” he wrote. “But we estimate these categories account for just 14% of sales.” Despite their recent earnings revision and 49% drop in 2022, shares are still trading cheap, and well below their historical 19 times forward EPS estimates, Haas also noted. — CNBC’s Michael Bloom contributed reporting



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleLumus shows off AR glasses that don’t look too dorky • TechCrunch
    Next Article Crypto companies aim to build trust within future products and services
    Admincrypt
    • Website

    Related Posts

    Beware these debt-heavy stocks like F, CVNA, WBA as borrowing costs rise

    March 27, 2023

    Morgan Stanley thinks little-known software stock can surge nearly 35%

    March 27, 2023

    BMO says investors should use this two-pronged strategy to navigate volatile markets

    March 27, 2023

    Mike Wilson says defend against profit slowdown with these two stocks

    March 27, 2023

    Leave A Reply Cancel Reply

    Our Picks
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    Ethereum News

    Traditional finance fears drive digital asset investment inflows to $160M

    By AdmincryptMarch 27, 20230

    On March 27, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,”…

    Neptyne is building a Python-powered spreadsheet for data scientists

    March 27, 2023

    Cathie Wood’s Ark Invest buys more Coinbase and Block shares 

    March 27, 2023

    Jenson USA Launches Jenson Pay Powered by Tandym

    March 27, 2023

    Subscribe to Updates

    Get the latest creative news from CRYPTO NOUNCE.

    NEWS
    • Business
    • Crypto
    • Blockchain
    • Markets
    • Technology
    FEATURED SECTIONS
    • Coins
    • ICO List
    • Organigations
    • Events
    • Grides
    FEATURED LINKS
    • Story of the day
    • Videos
    • Infographics
    CONNECT WITH US
    • Facebook
    • Twitter
    • Telegram
    • LinkedIn
    • Pinterest
    ABOUT US
    • Contact
    • Advertise
    • Sitemap
    Copyright © 2023 Cryptonounce All rights reserved. Cryptonounce.
    • Home
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?