Free Trial

7 Small-Cap Stocks That Could Rocket Higher in 2023 - 1 of 7

 
 

#1 - Boot Barn (NYSE:BOOT)

If you’re of the belief that retail will snap back, then Boot Barn (NYSE:BOOT) may hold some appeal.  The lifestyle retailer sells western and work-related footwear (i.e., boots), apparel, and accessories. The company has a network of stores as well as an e-commerce business.

BOOT stock was a favorite as a reopening play. The stock soared 185% in 2021. But that seems like ancient history to current investors. The stock is trading for $58.51 a share as of this writing. That’s down over 50% from where it closed in 2021 and more than twice the drop of the S&P 500 Index.

Nevertheless, Boot Barn makes this list because it is maintaining its forecast for double-digit revenue growth of approximately 13% in FY2023. And the company forecasts earnings per share (EPS) in a range of $6.00 to $6.20 as compared to the $6.18 it posted for the last fiscal year.

And with a price-to-earnings (P/E) ratio of just over 9x earnings, BOOT stock no longer looks like it’s overvalued. Analysts surveyed by MarketBeat assign the stock a Moderate Buy rating with a consensus price target of $112.90.

About Boot Barn

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing. Read More 
Current Price
$128.67
Consensus Rating
Moderate Buy
Ratings Breakdown
10 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$164.55 (27.9% Upside)

 

Could TSLA reach $500 a share? Free ebook says it’s possible. (Ad)

Even though shares of Tesla are only up 3% this year, one man believes Tesla’s next bull run is just around the corner. In his professional opinion, the share price could reach $500 or more… Now, we understand that may seem far-fetched, but as you’ll see in his new ebook, it’s not as crazy as it may sound. In fact, he argues a Trump presidency could make it happen much faster than you might think. which is why we’re emailing you now… For the time being, he’s giving away his Tesla ebook for free. Inside explains how shares could reach $500 in the near future.

To claim your copy, follow this link