Boot Barn Holdings, Inc. (BOOT) was a big mover last session, as the company saw its shares rise over 6% on the day. The upside came after the company priced a 5.4-million share follow-on offering on Feb 26. This led to more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $22.24 to $24.04 since Feb 11.
The company has seen 5 positive estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Boot Barn currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another well-ranked stock in the same sector is Citi Trends, Inc. (CTRN) sporting a Zacks Rank #1 (Strong Buy).
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