Boot Barn Holdings Inc (NYSE: BOOT) has a higher price-to-earnings ratio of 18.70x compared to its average ratio. BOOT has 36-month beta value of 2.20. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for BOOT is 29.99M, and currently, short sellers hold a 14.55% ratio of that float. The average trading volume of BOOT on April 12, 2024 was 786.62K shares.
BOOT) stock’s latest price update
Boot Barn Holdings Inc (NYSE: BOOT)’s stock price has plunge by 1.75relation to previous closing price of 98.76. Nevertheless, the company has seen a 2.28% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-08 that Boot Barn’s (BOOT) strategic initiatives, including store expansion efforts and a focus on exclusive brand penetration, position it for continued growth in the Western and workwear retail segment.
BOOT’s Market Performance
Boot Barn Holdings Inc (BOOT) has experienced a 2.28% rise in stock performance for the past week, with a 16.89% rise in the past month, and a 35.05% rise in the past quarter. The volatility ratio for the week is 2.69%, and the volatility levels for the past 30 days are at 3.20% for BOOT. The simple moving average for the last 20 days is 9.11% for BOOT stock, with a simple moving average of 20.66% for the last 200 days.
Analysts’ Opinion of BOOT
BTIG Research, on the other hand, stated in their research note that they expect to see BOOT reach a price target of $100, previously predicting the price at $102. The rating they have provided for BOOT stocks is “Buy” according to the report published on February 01st, 2024.
B. Riley Securities gave a rating of “Buy” to BOOT, setting the target price at $83 in the report published on February 01st of the current year.
BOOT Trading at 12.87% 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 unable to rebound, for now settling with -4.21% of loss for the given period.
Volatility was left at 3.20%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares surge +15.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.96% upper at present.
During the last 5 trading sessions, BOOT rose by +2.28%, which changed the moving average for the period of 200-days by +23.47% in comparison to the 20-day moving average, which settled at $92.79. In addition, Boot Barn Holdings Inc saw 30.91% 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 19,478 shares at the price of $92.38 back on Feb 29 ’24. After this action, Conroy James Grant now owns 46,273 shares of Boot Barn Holdings Inc, valued at $1,799,378 using the latest closing price.
Love Michael A, the CHIEF RETAIL OFFICER of Boot Barn Holdings Inc, sale 9,031 shares at $88.64 during a trade that took place back on Feb 21 ’24, which means that Love Michael A is holding 2,965 shares at $800,508 based on the most recent closing price.
Stock Fundamentals for BOOT
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.37 for the gross margin
The net margin for Boot Barn Holdings Inc stands at 0.1. The total capital return value is set at 0.17. Equity return is now at value 19.99, with 10.29 for asset returns.
Based on Boot Barn Holdings Inc (BOOT), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.56. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 62.85.
Currently, EBITDA for the company is 267.7 million with net debt to EBITDA at 1.22. When we switch over and look at the enterprise to sales, we see a ratio of 1.98. The receivables turnover for the company is 164.18for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.13.
Conclusion
To put it simply, Boot Barn Holdings Inc (BOOT) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
