At the time of writing, Boot Barn Holdings Inc [BOOT] stock is trading at $160.33, up 2.16%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BOOT shares have gain 8.16% over the last week, with a monthly amount glided 17.65%, 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.
For the past year, the stock price of Boot Barn Holdings Inc fluctuated between $66.73 and $162.16. Currently, Wall Street analysts expect the stock to reach $145.88 within the next 12 months. Boot Barn Holdings Inc [NYSE: BOOT] shares were valued at $160.33 at the most recent close of the market. An investor can expect a potential drop of -9.01% based on the average BOOT price forecast.
Analyzing the BOOT fundamentals
According to Boot Barn Holdings Inc [NYSE:BOOT], the company’s sales were 1.71B for trailing twelve months, which represents an 10.34% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.5.
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 155.89 points at the first support level, and at 151.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 164.60, and for the 2nd resistance point, it is at 168.87.
Ratios To Look Out For
It is important to note that Boot Barn Holdings Inc [NYSE:BOOT] has a current ratio of 2.33. As well, the Quick Ratio is 0.39, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 2.87, the price to book ratio is 4.98 and price to earnings (TTM) ratio is 32.46.
Transactions by insiders
Recent insider trading involved Watkins James M, CFO & SECRETARY, that happened on Sep 10 ’24 when 9356.0 shares were sold. Officer, Watkins James M completed a deal on Sep 10 ’24 to buy 9356.0 shares. Meanwhile, Director MACDONALD ANNE sold 1698.0 shares on Aug 30 ’24.
