A share price of Boot Barn Holdings Inc [BOOT] is currently trading at $153.31, down -2.14%. An important factor to consider is whether the stock is rising or falling in short-term value. The BOOT shares have gain 3.76% over the last week, with a monthly amount glided 12.54%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Boot Barn Holdings Inc [NYSE: BOOT] stock has seen the most recent analyst activity on October 30, 2024, when Robert W. Baird upgraded its rating to a Outperform but kept the price target unchanged to $167 for it. Previously, BTIG Research reaffirmed its Buy rating on October 29, 2024, and elevated its price target to $185. On October 25, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $162 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $125 on July 24, 2024. Citigroup reiterated its recommendation of a Buy and raised its price target to $154 on July 19, 2024. In a note dated February 01, 2024, BTIG Research reiterated an Buy rating on this stock and revised its target price from $102 to $100.
Boot Barn Holdings Inc experienced fluctuations in its stock price throughout the past year between $68.37 and $169.83. Currently, Wall Street analysts expect the stock to reach $172.33 within the next 12 months. Boot Barn Holdings Inc [NYSE: BOOT] shares were valued at $153.31 at the most recent close of the market. An investor can expect a potential return of 12.41% based on the average BOOT price forecast.
Analyzing the BOOT fundamentals
Trailing Twelve Months sales for Boot Barn Holdings Inc [NYSE:BOOT] were 1.76B which represents 13.71% 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 0.08, Equity is 0.16 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 151.25 points at the first support level, and at 149.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 155.10, and for the 2nd resistance point, it is at 156.90.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Boot Barn Holdings Inc [NYSE:BOOT] is 2.25. On the other hand, the Quick Ratio is 0.26, and the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 2.68, the price to book ratio is 4.60 and price to earnings (TTM) ratio is 30.73.
Transactions by insiders
Recent insider trading involved Conroy James Grant, PRESIDENT AND CEO, that happened on Nov 08 ’24 when 53697.0 shares were sold. PRESIDENT AND CEO, Conroy James Grant completed a deal on Nov 11 ’24 to sell 52379.0 shares. Meanwhile, Officer Conroy James Grant bought 52379.0 shares on Nov 11 ’24.
