A share price of Boot Barn Holdings Inc [BOOT] is currently trading at $139.55, up 2.98%. An important factor to consider is whether the stock is rising or falling in short-term value. The BOOT shares have gain 4.01% over the last week, with a monthly amount glided 5.95%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Boot Barn Holdings Inc [NYSE: BOOT] stock has seen the most recent analyst activity on July 24, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $125 from $140. Previously, Citigroup reaffirmed its Buy rating on July 19, 2024, and elevated its price target to $154. On February 07, 2024, KeyBanc Capital Markets initiated with a Sector Weight rating. BTIG Research reiterated its Buy rating and decreased its price target to $100 on February 01, 2024. B. Riley Securities reiterated its recommendation of a Buy and reduced its price target to $83 on February 01, 2024. UBS upgraded its rating to Buy for this stock on January 05, 2024, and upped its price target to $108. In a note dated November 21, 2023, B. Riley Securities initiated an Buy rating and provided a target price of $92 on this stock.
Boot Barn Holdings Inc experienced fluctuations in its stock price throughout the past year between $66.73 and $143.57. Currently, Wall Street analysts expect the stock to reach $139.63 within the next 12 months. Boot Barn Holdings Inc [NYSE: BOOT] shares were valued at $139.55 at the most recent close of the market. An investor can expect a potential return of 0.06% based on the average BOOT price forecast.
Analyzing the BOOT fundamentals
Trailing Twelve Months sales for Boot Barn Holdings Inc [NYSE:BOOT] were 1.71B which represents 10.34% growth. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.16 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.5.
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 135.40 points at the first support level, and at 131.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 142.09, and for the 2nd resistance point, it is at 144.62.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Boot Barn Holdings Inc [NYSE:BOOT] is 2.33. On the other hand, the Quick Ratio is 0.39, and the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 2.49, the price to book ratio is 4.34 and price to earnings (TTM) ratio is 28.25.
Transactions by insiders
Recent insider trading involved MACDONALD ANNE, Director, that happened on Aug 30 ’24 when 1698.0 shares were sold. Director, MACDONALD ANNE completed a deal on Aug 30 ’24 to buy 1698.0 shares. Meanwhile, Director Morris Brenda I sold 1500.0 shares on May 23 ’24.
