Boot Barn Holdings Inc. (NYSE:BOOT) went up by 12.57% from its latest closing price compared to the recent 1-year high of $48.91. The company’s stock price has collected 30.67% of gains in the last five trading sessions. Press Release reported on 01/08/21 that Boot Barn Holdings, Inc. Announces Preliminary Third Quarter Results and Participation in the 2021 ICR Conference
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Is It Worth Investing in Boot Barn Holdings Inc. (NYSE :BOOT) Right Now?
Boot Barn Holdings Inc. (NYSE:BOOT) scored a price-to-earnings ratio above its average ratio, recording 44.80 x from its present earnings ratio. Plus, the 36-month beta value for BOOT is at 2.85. Opinions of the stock are interesting as 6 analysts out of 12 who provided ratings for Boot Barn Holdings Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $49.27, which is -$14.79 below the current price. BOOT currently public float of 28.76M and currently shorts hold a 11.27% ratio of that float. Today, the average trading volume of BOOT was 550.22K shares.
BOOT’s Market Performance
BOOT stocks went up by 30.67% for the week, with a monthly jump of 30.89% and a quarterly performance of 68.10%, while its annual performance rate touched 19.38%. The volatility ratio for the week stands at 5.72% while the volatility levels for the past 30 days are set at 4.61% for Boot Barn Holdings Inc.. The simple moving average for the period of the last 20 days is 28.54% for BOOT stocks with a simple moving average of 99.70% for the last 200 days.
Analysts’ Opinion of BOOT
Many brokerage firms have already submitted their reports for BOOT stocks, with JP Morgan repeating the rating for BOOT by listing it as a “Overweight.” The predicted price for BOOT in the upcoming period, according to JP Morgan is $60 based on the research report published on January 11th of the current year 2021.
Pivotal Research Group, on the other hand, stated in their research note that they expect to see BOOT reach a price target of $48, previously predicting the price at $33. The rating they have provided for BOOT stocks is “Hold” according to the report published on January 11th, 2021.
Wells Fargo gave a rating of “Overweight” to BOOT, setting the target price at $49 in the report published on November 17th of the previous year.
BOOT Trading at 34.84% from the 50-Day Moving Average
After a stumble in the market that brought BOOT to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 11.84% of gains for the given period.
Volatility was left at 4.61%, however, over the last 30 days, the volatility rate increased by 5.72%, as shares surge +31.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +69.25% upper at present.
During the last 5 trading sessions, BOOT rose by +30.67%, which changed the moving average for the period of 200-days by +291.27% in comparison to the 20-day moving average, which settled at $43.22. In addition, Boot Barn Holdings Inc. saw 26.15% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BOOT starting from Conroy James Grant, who sale 26,935 shares at the price of $45.00 back on Jan 06. After this action, Conroy James Grant now owns 18,929 shares of Boot Barn Holdings Inc., valued at $1,212,075 using the latest closing price.
Hazen John, the Chief Digital Officer of Boot Barn Holdings Inc., sale 752 shares at $42.25 during a trade that took place back on Nov 27, which means that Hazen John is holding 23,327 shares at $31,772 based on the most recent closing price.
Stock Fundamentals for BOOT
Current profitability levels for the company are sitting at:
- +8.71 for the present operating margin
- +32.68 for the gross margin
The net margin for Boot Barn Holdings Inc. stands at +5.67. The total capital return value is set at 12.22, while invested capital returns managed to touch 9.21. Equity return is now at value 11.10, with 4.00 for asset returns.
Based on Boot Barn Holdings Inc. (BOOT), the company’s capital structure generated 135.11 points at debt to equity in total, while total debt to capital is 57.47. Total debt to assets is 44.40, with long-term debt to equity ratio resting at 83.92. Finally, the long-term debt to capital ratio is 35.69.
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When we switch over and look at the enterprise to sales, we see a ratio of 0.89, with the company’s debt to enterprise value settled at 0.58. The receivables turnover for the company is 62.90 and the total asset turnover is 1.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
