06-04-2017: Boot Barn Holdings, Inc. (BOOT): Caught in an Apparel/Shoe Retailer Group Undertow

(WAIT FOR PAGE TO LOAD COMPLETELY BEFORE LINKS WORK.)

Corporate Webpages
Company Profile
Company History
News
Comparison with Peers
Bond Issue
Zenith Index
Financial Statements
Avg. P/E to Current P/E
Financial Ratios
Intrinsic Value (Disc. CashFlow)
Tangible Book Value
Projected Earnings
Research Reports
Analysts' Opinions
Insider Activity
Institutional Activity
Sentiment
Short Interest
Standard & Poor's
Management's Discussion
Moving Average Chart
Right Time Study
Channel Potential
MACD Histogram
Intraday Chart
Val Idea
Stock Consultant
Point & Figure Chart
Wall Street Analyzer
Marketspace Chart
Time Series Forecast
Neural Network Prediction
Stock Options
Ultimate Trading Systems
Recommendation

Boot Barn Holdings, Inc.

Boot Barn Holdings (BOOT) is a somewhat smaller version of some apparel/shoe retailers which appears to us to be a little stronger than some of its competitors. It was selected for us for review to add apparel industry stocks to our list in order to obtain diversification. The problem with doing that is that including "neglected" industry groups which were not on the most active or most up lists is that they lead straight to the problem stocks. The apparel/shoe industry group is one of the weakest in terms of recent stock performance. Almost all apparel shops in discount malls are having a hard time maintaining earnings, and a slug of disappointing earnings reports have tanked stocks. Boot Barn is no exception, even though it is growing rapidly and opening recently more than 100 stores in over 24 states across the country. These stores feature "western" motif, even though they are nationwide including the East Coast.

News for this company consists mainly of a steady stream of new store opening announcements across the country. Rapid growth seems a key to this particular stock, which is considerably strong in terms of financial fundamentals than most of its competitors. Recently, it started on an acquisition trail by acquring one of its major competitors. In fact, that seems to be a trend now in the suffering apparel industry, namely eliminating major competition through acquisition of competitors.

Executives seem modestly compensated, and institutions are scrambling to buy shares even though the history for this company is rather recent. We could not get even five years of reliable stock price data. Often newer listings is where the greatest opportunity (and the greatest risk) lies. The stock recently took a nosedive on poor earnings being reflected by many other apparel retailers, so we suggest waiting until it builds some upward momentum, sacrificing a dollar or two per share in order to reduce risk taken by other large entities who will be the first to jump into any turnaround situation. Projected earnings are higher.

We feel the company could have done better on its website, no glitzy annual report and no CEO Letter to Shareholders, which we take as a sign of lack of concern for shareholders and poor corporate governance. On the other hand, we see no insider selling, or extensive stock option perquisites, which we take as a good sign of corporate governance.

Despite an abundance of netural to negative reviews by researchers and analysts, part of the problem is the company's short history. We suggest taking a close look at Standard & Poor's review, which is positive and somewhat against the grain of other reviewers.

The company has a strong Zenith Index and what we regard as strong fundamentals, despite what some researchers seem to be saying. The company only recently took on some long-term debt which was zero up until 2016, in order to gobble up one of its main competitors, Sheplers.

The company stock just took a huge one-day drop of around 28% of its value loss. This may be largely due to an "under tow" caused by poorly performing other members of the apparel/shoe retail group. We do not see much fundamental reason for the drop other than that, and perhaps a disappointing earnings report or two. A turnaround does seem likelybut wait for evidence of it in share price before jumping in.



[Home]
Corporate Wepages

Trade Mark
01
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26



[Home]
Company Profile

Profile
Profile



[Home]
Company History
6 7 8 9 10 11


[Home]
News

Click Here for News Archives



[Home]
Comparison

Comparison

Groups 1
Groups 2
Groups 3

Companies 1
Companies 2

Similar Companies Performance:

55 56
57 58
59 60


[Home]
Bond Issue

22



[Home]
Zenith Index

Under current market conditions, a Zenith Index Score of 1.20 or above is required for a positive rating on this factor. 1.21 -1.30 is considered acceptable, 1.30-1.40 is considered strong and
> 1.40 is considered exceptionally strong. Accounting statements in this section often contain mistakes, especially in earlier years' totals, but data is deemed sufficient for us to give a rating. More accurate financial statements follow in the next section.

Boot Barn Holdings, Inc. (BOOT)                           Exchange: NYSE
15345 Barranca Parkway
Irvine, CA 92618                 Sector: Services
United States                    Industry:Apparel Stores

Boot Barn Holdings, Inc., a lifestyle retail company, operates specialty
retail stores in the United States. The company-Ęs specialty retail
stores offer western and work-related footwear, apparel, and accessories
for men, ladies, and kids. It offers boots, denim, western shirts,
cowboy hats, belts and belt buckles, western-style jewelry, rugged
footwear, outerwear, overalls, safety-toe boots, and flame-resistant and
high-visibility clothing. As of March 15, 2017, it operated
approximately 200 stores. The company also sells its products through
e-commerce Websites, including bootbarn.com and sheplers.com. The
company was formerly known as WW Top Investment Corporation and changedits name to Boot Barn Holdings, Inc. in June 2014. Boot Barn Holdings,
Inc. was founded in 1978 and is headquartered in Irvine, California.

Last Trade:   7.99                           52-Week Range:  17.26 -   7.42
Employees: 1,200                             Avg.Volume:     226,738 Shares

Corporate Governance:
Pillar scores are Audit: 2; Board: 10; Shareholder Rights: 3; Compensation: 9.
         (A lower number means less governance risk.)

EPS:  0.47    Dividend Amount: $ 0.00          Yield:  0.00%
             Ex-Dividend Date: N/A             Payout Ratio:   0.00

Key Statistics:

    Trailing P/E:  16.72                      Target Price:  15.00

Qrtly Stock Price Growth (yoy):   2.30%               Beta:   0.00
Qrtly S&P Index   Growth (yoy):   2.90%        Short Ratio:  25.20%
    Qrtly Revenue Growth (yoy):  15.08%         Shares Out:  26540000
   Qrtly Earnings Growth (yoy):   0.00%

          Book Value:   6.65                    Debt/Equity: 127.04%
    Price/Book Value:   1.18        Operating Profit Margin:   5.80%
         Price/Sales:   0.34                  Profit Margin:   2.05%
         Market Cap:     208,640,000       Return on Equity:   7.51%
    Enterprise Value:               0      Return on Assets:   4.02%

    Operating Cash Flow:     45,420,000
         Free Cash Flow:      4,880,000



Annual Income Statement:                          (All numbers in thousands)
  Period Ending                             03/26/2016  03/28/2015   3/29/2014

  Total Revenue                                569,020     402,684     345,868
  Cost of Revenue                              395,817     267,907     232,663
  Gross Profit                                 173,203     134,777     113,205

Operating Expenses:
  Research & Development                             0           0           0
  Selling, General & Administrative            142,078      99,341      91,998
  Non-Recurring Expenses                           891         891         671
  Other Operating Expenses                           0           0           0
  Total Operating Expenses                           0           0           0

Operating Income or Loss                        30,234      35,436      20,536

Income from Continuing Operations:
  Total Other Income/Expenses Net                    0          51          39
  Earnings Before Interest & Taxes              30,234      35,487      20,575
  Interest Expense                              12,923      13,291      11,594
  Income Before Taxes                           17,311      22,196       8,981
  Income Tax Expense                             7,443       8,466       3,321
  Minority Interest                                  0           0       4,087

Net Income from Continuing Op.s                  9,868      13,726       5,377

Non-recurring Events:
  Discontinued Operations                            0           0           0
  Extraordinary Items                                0           0           0
  Effect of Accounting Changes                       0           0           0
  Other Items                                        0           0           0
  Net Income                                     9,868      13,726       5,377
  Preferred Stock & Other Adjustments                0           0           0

Net Income Avail to Common Shares                9,868      13,726       5,377




Annual Cash Flow Statement:                   (All numbers in thousands)
  Period Ending                         03/26/2016    03/28/2015     3/29/2014

  Net Income                                 9,868        13,726         5,377

Operating Activities:
  Depreciation                              15,718        12,742        11,273
  Adjustments to Net Income                    632         2,754         1,167
  Changes in Accounts Recv'bls               1,524        -1,672          -710
  Changes in Liabilities                    16,372        12,444        10,027
  Changes in Investories                   -16,087       -26,610       -14,100
  Changes in other Oper'g Acts               4,830        -2,029          -767

Total Cash Flow f Operations                32,929        11,508        12,780

Investing Activities:
  Capital Exenditures                      -36,127       -14,074       -11,400
  Investments                                    0             0             0
  Other Cash Flows fr Investing           -146,541      -146,541       -15,872

Total Cash Flows from Investing           -182,668       -14,074       -27,272

Financing Activities:
  Dividends Paid                                 0       -41,300       -41,300
  Sale of Purchase of Stock                  2,698        82,688        82,688
  Net Borrowings                           155,654       -37,812        39,588
  Other Cash Flows fr Financing                  0             0       -15,872

Total Cash Flows from Financing            155,486         2,896        14,420

  Effect of Exchange Rate Chg                    0             0             0

Change in Cash & Cash Equiv.                 5,747           330           -72



Annual Balance Sheets:                              (All Numbers in Thousands)
  Period Ending                          03/26/2016    03/28/2015     3/29/2014
Current Assets:
  Cash & Cash Equivalents                     7,195         1,448         1,118
  Short Term Investments                          0             0             0
  Net Receivables                             4,131         3,863         2,191
  Inventory                                 176,335       129,312       102,702
  Other Current Assets                       15,558        10,656         8,685
  Total Current Assets                      203,219       145,279       114,696

  Long-Term Investments                           0             0             0
  Property, Plant & Equipt                   76,076        30,054        21,450
  Goodwill                                  193,095        93,097        93,097
  Intangible Assets                          64,861        57,131        59,723
  Accumulated Amortization                        0             0             0
  Other Assets                                2,075           567         2,897
  Deferred LT Asset Charges                       0             0             0

Total Assets                                539,326       326,128       291,863

Current Liabilities:
  Accounts Payable                          102,449        68,697        56,792
  Current Portion LT Debt                    49,850        17,796        29,624
  Other Current Liabilities                       0             0             0
  Total Current Liabilities                 152,299        86,493         86,416

  Long Term Debt                            102,449        68,697        56,792
  Other Liabilities                          49,850        17,796        29,624
  Deferred LT Liab. Charges                       0             0             0
  Minority Interest                               0             0         4,087
  Negative Goodwill                               0             0         4,087

Total Liabilities                           386,683       162,604       211,375

Stockholder Equity:
  Misc. Options, Warrants                         0             0             0
  Redeemable Preferred Stock                      0             0             0
  Preferred Stock                                 0             0             0
  Common Stock                                    3             3             2
  Retained Earnings                          23,594        13,726         1,652
  Treasury Stock                                  0             0             0
  Capital Surplus                           137,893       128,693        78,834
  Other Stockhohlder Equity                       0             0             0
  Total Stockholder Equity                  161,490       142,422        80,488

Net Tangible Assets                         -96,466        -7,806       -72,332



Boot Barn Holdings, Inc. (BOOT)             [Indices near +3.0, near zero,
                                            or < zero bear special attention.]
P/E Ratio Tests:
P/E Ratio < 28?            1.6746          P/E Ratio > 5?             1.0000
P/E Ratio Vs Growth Rate:  0.0000          Forward P/E Ratio < 28?    0.0000
Price/Sales Ratio < 2.3?   3.0000          Inventory/Sales < 5%?      0.1613
Sales < $1 Billion?        1.7574          Operating Margin < 7.5%?   1.2931

Balance Sheet Tests:
Debt/Equity < 0.40?        0.3149          Long-Term Debt Service:    0.7600
LTD Being Reduced?        -3.0000          Short-Term Debt Service:   2.3395
Current Ratio > 2?         0.6672          Working Capital >= 1.5?    1.1391
Leverage Ratio < 20%?      0.2024          Debt/Assets < 1?           2.6852
Quick Ratio > 1?           3.0000          Inventory Turnover > 1?    1.2334
Share Equity Increase:     2.9034          Market Cap.< 1.5 Billion?  3.0000
                                           Intangibles < 3% Assets?   0.0627
Income Tests:
Profit Margin < 7.5%?      0.2733          EPS Annual Growth > 10%?   0.1391
Dividend Yield > 2.0%?     0.0000          EPS 3-yr Growth > 15?      0.0817
Enterprise Value/Revenue   0.3670          EPS Growth Consistent?     0.0000
Enterprise Value/EBITDA:   3.0000          Collection < 45 days?      3.0000
EPS Qrtly Growth > 10%?    0.0000          Gross Pft/Cur. LTD > 1?    3.0000
                                           Borrowing Int. Rate < 6%?  0.9325
Stock Performance Tests:
Volatility > 25%?          2.2804          % Held by Insiders < 5%?   3.0000
Beta > 1.25?               0.0000          % Held by Institut. < 50?  0.4744
50 Da MA > 200 Da MA?     -0.6496          % Held by Institut. > 30?  3.0000
52-Wk Change vs. S&P 500:  0.1525          Short Ratio > 5?           3.0000
Price/Book Value < 3?      2.4969          Short % of Float > 20?     1.9480
Return on Assets > 17%?    0.2365          Average Volume > 100,000?  2.2674

Cash Flow Tests:
Oper. C.F. > Lever'd C.F:  3.0000          Positive Free Cash Flow?   3.0000
Positive Oper. Cash Flow?  3.0000          Price to C.F.Ratio < 14?:  3.0000
                                           Cash Flow / Assets > 10%?  3.0000

BOOT   Boot Barn Holdings, Inc.            Overall Zenith Index:      1.3928


[Home]
Financial Statements

BOOT BARN HOLDINGS INC  (BOOT)              INCOME STATEMENT

Fiscal year ends in March.                           2012-03         2013-03         2014-03         2015-03         2016-03             TTM           

Revenue                                                    0     233,203,008     345,868,000     402,684,000     569,020,032     616,278,976
Cost of revenue                                            0     160,556,000     232,663,008     267,907,008     395,816,992     433,348,992
Gross profit                                               0      72,647,000     113,205,000     134,776,992     173,203,008     182,930,000


Operating expenses
Sales, General and administrative                          0      62,609,000      91,998,000      99,341,000     142,078,000     147,558,000
Other operating expenses                                   0       1,138,000         671,000               0         891,000               0
Total operating expenses                                   0      63,747,000      92,669,000      99,341,000     142,968,992     147,558,000

Operating income                                           0       8,900,000      20,536,000      35,436,000      30,234,000      35,372,000
Other income (expense)                                     0      -7,394,000     -11,555,000     -13,240,000     -12,923,000     -14,424,000
Income before income taxes                                 0       1,506,000       8,981,000      22,196,000      17,311,000      20,948,000
Provision for income taxes                                 0         826,000       3,321,000       8,466,000       7,443,000       8,327,000
Minority interest                                          0          34,000         283,000           4,000               0               0
Other income                                               0          34,000         283,000           4,000               0               0
Net income from continuing operations                      0         680,000       5,660,000      13,730,000       9,868,000      12,621,000
Other                                                      0         -34,000        -283,000          -4,000               0               0
Net income                                                 0         646,000       5,377,000      13,726,000       9,868,000      12,621,000
Preferred dividend                                         0               0               0       1,443,000               0               0
Net income available to common shareholders                0         646,000       5,377,000      12,283,000       9,868,000      12,621,000

Earnings per share
Basic                                                   0.00            0.03            0.28            0.56            0.38            0.48 
Diluted                                                 0.00            0.03            0.28            0.54            0.37            0.47 

Weighted average shares outstanding
Basic                                                      0      18,757,000      18,929,000      22,126,000      26,170,000      26,407,000
Diluted                                                    0      18,757,000      19,175,000      22,888,000      26,955,000      26,871,000

____________________________________________________________________________________________________________________________________________


BOOT BARN HOLDINGS INC  (BOOT)              BALANCE SHEET

Fiscal year ends in March.                           2012-03         2013-03         2014-03         2015-03         2016-03             

Assets

Current assets

Cash

Total cash                                                 0       1,190,000       1,118,000       1,448,000       7,195,000

Receivables                                                0       1,109,000       2,191,000       4,779,000      10,000,000
Inventories                                                0      67,995,000     102,702,000     129,312,000     176,335,008
Deferred income taxes                                      0       2,452,000       4,748,000       5,358,000       6,150,000
Prepaid expenses                                           0       1,797,000       2,578,000       3,409,000       1,622,000
Other current assets                                       0       1,031,000       1,359,000       1,090,000       1,917,000
Total current assets                                       0      75,574,000     114,696,000     145,396,000     203,219,008

Non-current assets

Property, plant and equipment
Land                                                       0               0               0               0       2,530,000
Fixtures and equipment                                     0       8,191,000      15,724,000      23,566,000      45,814,000
Other properties                                           0       5,738,000      13,245,000      20,436,000      52,615,000
Property and equipment, at cost                            0      13,929,000      28,969,000      44,002,000     100,959,000
Accumulated Depreciation                                   0      -3,193,000      -7,519,000     -13,948,000     -24,883,000
Property, plant and equipment, net                         0      10,736,000      21,450,000      30,054,000      76,076,000

Goodwill                                                   0      78,033,000      93,097,000      93,097,000     193,095,008
Intangible assets                                          0      58,017,000      59,723,000      57,131,000      64,861,000
Other long-term assets                                     0       1,922,000       2,897,000       1,026,000       2,075,000
Total non-current assets                                   0     148,708,000     177,167,008     181,308,000     336,107,008

Total assets                                               0     224,282,000     291,863,008     326,704,000     539,326,016 

Liabilities and stockholders' equity

Liabilities

Current liabilities
Short-term debt                                            0      20,910,000      29,624,000      17,913,000      49,850,000
Capital leases                                             0          43,000          61,000          30,000         378,000
Accounts payable                                           0      22,488,000      36,029,000      44,636,000      66,553,000
Taxes payable                                              0       1,816,000       2,900,000       3,554,000       4,526,000
Accrued liabilities                                        0      10,218,000      14,050,000       7,399,000      21,944,000
Deferred revenues                                          0       2,645,000       3,752,000       4,360,000       7,073,000
Other current liabilities                                  0               0               0       8,718,000       1,975,000
Total current liabilities                                  0      58,120,000      86,416,000      86,610,000     152,299,008

Non-current liabilities
Long-term debt                                             0      67,500,000      98,500,000      72,489,000     192,579,008
Capital leases                                             0               0               0          15,000      12,240,000
Deferred taxes liabilities                                 0      19,538,000      19,960,000      21,102,000      12,255,000
Deferred revenues                                          0               0               0       3,949,000               0
Minority interest                                          0       3,804,000       4,087,000               0               0
Other long-term liabilities                                0       1,500,000       2,412,000         117,000       8,463,000
Total non-current liabilities                              0      92,342,000     124,959,000      97,672,000     225,536,992

Total liabilities                                          0     150,462,000     211,375,008     184,282,000     377,836,000 

Stockholders' equity

Common stock                                               0           2,000           2,000           3,000           3,000
Additional paid-in capital                                 0      77,543,000      78,834,000     128,693,000     137,892,992
Retained earnings                                          0      -3,725,000       1,652,000      13,726,000      23,594,000
Total stockholders' equity                                 0      73,820,000      80,488,000     142,422,000     161,490,000
Total liabilities and stockholders' equity                 0     224,282,000     291,863,008     326,704,000     539,326,016

____________________________________________________________________________________________________________________________________________


BOOT BARN HOLDINGS INC  (BOOT)              Statement of CASH FLOW

Fiscal year ends in March. USD.                      2012-03         2013-03         2014-03         2015-03         2016-03             TTM           

Cash Flows From Operating Activities
Net income                                                 0         680,000       5,660,000      13,730,000       9,868,000      12,621,000
Depreciation & amortization                                0       5,588,000       7,899,000       9,207,000      14,016,000      16,797,000
Amortization of debt discount/premium and is               0       9,403,000       3,374,000       3,535,000       1,702,000         920,000
Deferred income taxes                                      0        -633,000      -1,874,000       1,402,000         981,000       5,297,000
Stock based compensation                                   0         787,000       1,291,000       2,048,000       2,881,000       2,998,000
Accounts receivable                                        0        -209,000        -710,000      -1,672,000       1,524,000        -821,000
Inventory                                                  0      -4,821,000     -14,100,000     -26,610,000     -16,087,000      -5,925,000
Prepaid expenses                                           0      -2,490,000        -871,000      -1,667,000       7,543,000         742,000
Accounts payable                                           0       4,916,000       3,190,000       7,364,000       6,835,000       7,295,000
Accrued liabilities                                        0       2,494,000       5,944,000       3,298,000       5,068,000         762,000
Other working capital                                      0      -4,113,000         997,000       1,420,000       1,756,000       4,276,000
Other non-cash items                                       0         322,000       1,980,000        -547,000      -3,158,000         462,000
Net cash provided by operating activities                  0      11,924,000      12,780,000      11,508,000      32,929,000      45,424,000

Cash Flows From Investing Activities
Investments in property, plant, and equipmen               0      -3,848,000     -11,400,000     -14,074,000     -36,127,000     -23,731,000
Property, plant, and equipment reductions                  0          61,000          24,000               0               0               0
Acquisitions, net                                          0     -41,912,000     -15,696,000               0    -146,540,992               0
Purchases of intangibles                                   0               0        -200,000               0               0               0
Net cash used for investing activities                     0     -45,699,000     -27,272,000     -14,074,000    -182,668,000     -23,731,000

Cash Flows From Financing Activities
Short-term borrowing                                       0       4,324,000       9,714,000     -12,424,000      32,615,000      -6,987,000
Long-term debt issued                                      0      36,083,000     100,000,000     104,938,000     200,938,000               0
Long-term debt repayment                                   0      -1,461,000     -70,126,000    -130,326,000     -77,899,000      -2,389,000
Excess tax benefit from stock based compe                  0               0               0         681,000       3,621,000               0
Common stock issued                                        0       1,999,000               0      82,224,000               0               0
Cash dividends paid                                        0               0               0     -41,300,000               0               0
Other financing activities                                 0      -6,572,000     -25,168,000        -897,000      -3,789,000       1,052,000
Net cash provided by (used for) financing                  0      34,373,000      14,420,000       2,896,000     155,486,000      -8,324,000

Net change in cash                                         0         598,000         -72,000         330,000       5,747,000      13,369,000
Cash at beginning of period                                0         592,000       1,190,000       1,118,000       1,448,000      17,840,000
Cash at end of period                                      0       1,190,000       1,118,000       1,448,000       7,195,000      31,209,000

Free Cash Flow
Operating cash flow                                        0      11,924,000      12,780,000      11,508,000      32,929,000      45,424,000
Capital expenditure                                        0      -3,848,000     -11,600,000     -14,074,000     -36,127,000     -23,731,000
Free cash flow                                             0       8,076,000       1,180,000      -2,566,000      -3,198,000      21,693,000
____________________________________________________________________________________________________________________________________________




[Home]
Average to Current P/E Ratios
              (BOOT)

                               2013    2014    2015    2016    2017

          Annual Earnings:     0.14    0.03    0.21    0.54    0.37
Average Price During Year:   Insufficient Price Data


[Home]
Financial Ratios

. . . . . . . . . . . . 1 = Highest , 10 = Lowest



[Home]
Intrinsic Value (DCF)

Intrinsic Value by Discounted Cash Flow Method:

Intrinsic Value



[Home]
Book Value

Tangible Book Value:

Book Value



[Home]
Projected Earnings

Earnings Estimates
Earnings Estimates



[Home]
Research Reports

Click Here for Research Reports



[Home]
Analysts' Opinions

Analysts' Opinion 1
Analysts' Opinion 1
Analysts' Opinion 1
Analysts' Opinion 2



[Home]
Insider Activity

Insiders Chart Insider Trades
Executive Compensation Executive Compensation



[Home]
Institutional Activity

Institutional Orders to Buy or Sell:

institutions 1
Ownership:

institutions 2


[Home]
Sentiment

sentiment

Zenith uses the "sentiment" score above or below 50 to award a positive or negative point in the Decision Matrix.

sentiment sentiment sentiment



[Home]
Short Interest Ratio

As the short interest rises as a percentage of average daily share volume (Days to Cover), this is considered a measure of negative sentiment. Similarly, a decrease in that percentage is considered positive sentiment.

short interest short interest


[Home]
Standard & Poor's

S&P Stock Report (Requires Adobe Acrobat Reader)



[Home]
Management's Discussion of Results of Operations Excerpts

Click Here for Management's Discussion Excerpts



[Home]
Moving Average Chart



[Home]
Right Time Study



[Home]
Channeling Potential

 
The summary below includes a value for `Degree,' which refers on a
scale of 1 to 10 the range of a channel in the period under consi-
deration compared to the total range of price movement. It also looks
for the last closing price to be within the channel, otherwise zeroed.
The `Index' is the `Degree' weighted for volatility.  Generally, the
the higher the index, the more suitable is the stock for trading as
a `rolling stock' between channel high and low points.

Results for BOOT BARN HOLDINGS:
Symbol? BOOT
Total Months Available: 110
       Months in Cycle?   4

Months Covered by Periods:  12

Period 1           Period 2          Period 3
   H1      L1        H2      L2        H3      L3
  13.11    7.42     17.26   10.30     12.10    7.45

RANGE   =  17.26  TO    7.42            Close =   7.42
CHANNEL =  12.10  TO   10.30           Degree =   2
Volatility =  24.26%                    Index =   4
Channel Chart



[Home]
MACD Histogram Divergence

The theory is that connecting the two most recent peaks or valleys of the MACD histogram will signal the direction of the next major move.



[Home]
Intraday Chart

2 Days:



[Home]
Val Idea

4 out of 8 favorable, (neutral opinion.)

Val Idea


[Home]
Stock Consultant

Stock Consultant Stock Consultant



[Home]
Point & Figure Chart

P & F Chart


[Home]
Wall Street Analyzer





[Home]
Marketspace Chart

Marketspace Chart



[Home]
Time Series Forecast

Time Series 1 Time Series 2


[Home]
Neural Network Prediction

"Neurostock" can only track long trades. Therefore its performance, as tracked by itself on stocks which are consistently falling, may not appear as good as it could if each "sell" signal were a "short sale."

Neural Chart
Heading
Neural Trades Neural Prediction



[Home]
Ultimate Trading Systems

3 out of 3 of the ultimate systems favor a downmove.


System Below:
Short term outlook: Positive: Bright Green, Negative: Bright Red
Long term outlook: Postive: Dark Green, Negative: Dark Red.




[Home]
Recommendation

Decision Weighting Factors
FactorsWeighted Points
News + 1
Comparison + 1
Industry - 1
Bond Issue 0
Zenith Index + 1
Non-GAAP vs. GAAP Earnings - 1
Cash Flow + 1
Average to Current P/E - 1
Ratios + 1
Intrinsic Value DCF + 1
Tangible Book Value - 1
Projected Earnings + 1
Research Reports - 1
Analysts + 1
Executive Perquisites + 1
Insider Activity + 1
Institutional Activity + 1
Management Reporting + 1
Short Interest - 1
Sentiment - 1
Standard & Poor's + 1
Moving Average - 1
Right Time Study - 1
MACD Histogram Divergence - 1
Val Idea 0
Stock Consultant + 1
Point & Figure - 1
Wall Street Analyzer - 1
Marketspace Chart - 1
Time Series Chart - 1
Neural Network - 1
Stock Options + 1
Ultimate Trading Systems - 1
Total - 1
Place 5,020 shares of Boot Barn Holdings, Inc. (BOOT) on the Active List.