At the time of writing, Boot Barn Holdings Inc [BOOT] stock is trading at $112.36, up 7.29%. An important factor to consider is whether the stock is rising or falling in short-term value. The BOOT shares have gain 8.12% over the last week, with a monthly amount drifted -12.44%, and not 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 January 23, 2025, when KeyBanc Capital Markets upgraded its rating to a Overweight but kept the price target unchanged to $190 for it. Previously, UBS upgraded its rating to Buy on January 10, 2025, and elevated its price target to $210. Robert W. Baird upgraded its rating to a Outperform but stick to its price target of $167 on October 30, 2024. BTIG Research reiterated its recommendation of a Buy and raised its price target to $185 on October 29, 2024. Craig Hallum downgraded its rating to Hold for this stock on October 25, 2024, and upped its price target to $162. In a note dated July 24, 2024, UBS downgraded an Neutral rating on this stock and revised its target price from $140 to $125.
For the past year, the stock price of Boot Barn Holdings Inc fluctuated between $84.28 and $176.64. Currently, Wall Street analysts expect the stock to reach $179.5 within the next 12 months. Boot Barn Holdings Inc [NYSE: BOOT] shares were valued at $112.36 at the most recent close of the market. An investor can expect a potential return of 59.75% based on the average BOOT price forecast.
Analyzing the BOOT fundamentals
According to Boot Barn Holdings Inc [NYSE:BOOT], the company’s sales were 1.85B for trailing twelve months, which represents an 16.87% 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 0.17 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 108.56 points at the first support level, and at 104.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 114.74, and for the 2nd resistance point, it is at 117.11.
Ratios To Look Out For
It is important to note that Boot Barn Holdings Inc [NYSE:BOOT] has a current ratio of 2.19. On the other hand, the Quick Ratio is 0.51, and the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 1.86, the price to book ratio is 3.15 and price to earnings (TTM) ratio is 20.05.
Transactions by insiders
Recent insider trading involved Hazen John, INTERIM CEO, that happened on Jan 02 ’25 when 6311.0 shares were sold. Officer, Hazen John completed a deal on Jan 02 ’25 to buy 6311.0 shares. Meanwhile, PRESIDENT AND CEO Conroy James Grant sold 53697.0 shares on Nov 08 ’24.
