Boot Barn Holdings Inc [BOOT] stock is trading at $109.79, up 1.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The BOOT shares have gain 6.41% over the last week, with a monthly amount glided 15.39%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BTIG Research reaffirmed its Buy rating on February 01, 2024, and dropped its price target to $100. On February 01, 2024, B. Riley Securities reiterated its Buy rating and revised its price target to $83 on the stock. UBS upgraded its rating to a Buy and increased its price target to $108 on January 05, 2024. B. Riley Securities initiated its recommendation with a Buy and recommended $92 as its price target on November 21, 2023. BTIG Research started tracking with a Buy rating for this stock on February 07, 2023, and assigned it a price target of $110. In a note dated January 30, 2023, Robert W. Baird downgraded an Neutral rating on this stock but restated the target price of $86.
Boot Barn Holdings Inc [BOOT] stock has fluctuated between $64.33 and $109.51 over the past year. Currently, Wall Street analysts expect the stock to reach $117.57 within the next 12 months. Boot Barn Holdings Inc [NYSE: BOOT] shares were valued at $109.79 at the most recent close of the market. An investor can expect a potential return of 7.09% based on the average BOOT price forecast.
Analyzing the BOOT fundamentals
Boot Barn Holdings Inc [NYSE:BOOT] reported sales of 1.70B for the trailing twelve months, which represents a growth of 1.14%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.2 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 108.52 points at the first support level, and at 107.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 110.98, and for the 2nd resistance point, it is at 112.16.
Boot Barn Holdings Inc [BOOT] reported earnings per share of $1.81 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.79/share, meaning a difference of $0.02 and a surprise factor of 1.10%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.9 per share as compared to estimates of $0.88 per share, a difference of $0.02 representing a surprise of 2.30%.
Ratios To Look Out For
For context, Boot Barn Holdings Inc’s Current Ratio is 2.13. On the other hand, the Quick Ratio is 0.49, and the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 1.95, the price to book ratio is 3.65 and price to earnings (TTM) ratio is 20.43.
Transactions by insiders
Recent insider trading involved Conroy James Grant, PRESIDENT AND CEO, that happened on Feb 29 ’24 when 19478.0 shares were sold. CHIEF RETAIL OFFICER, Love Michael A completed a deal on Feb 21 ’24 to sell 9031.0 shares. Meanwhile, CHIEF MERCHANDISING OFFICER Grijalva Laurie Marie sold 5861.0 shares on Feb 15 ’24.
