The stock price of Boot Barn Holdings Inc (NYSE: BOOT) has dropped by -2.41 compared to previous close of 101.05. Despite this, the company has seen a fall of -1.87% in its stock price over the last five trading days. CNBC reported 2024-04-12 that The iconic shoe is getting a lift from Beyoncé’s latest album.
Is It Worth Investing in Boot Barn Holdings Inc (NYSE: BOOT) Right Now?
Boot Barn Holdings Inc (NYSE: BOOT) has a price-to-earnings ratio of 18.35x that is above its average ratio. Additionally, the 36-month beta value for BOOT is 2.16. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it 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 19, 2024 was 786.36K shares.
BOOT’s Market Performance
BOOT’s stock has seen a -1.87% decrease for the week, with a 15.96% rise in the past month and a 40.99% gain in the past quarter. The volatility ratio for the week is 3.73%, and the volatility levels for the past 30 days are at 3.36% for Boot Barn Holdings Inc. The simple moving average for the past 20 days is 3.05% for BOOT’s stock, with a 17.81% simple moving average for the past 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 8.05% 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 -6.01% of loss for the given period.
Volatility was left at 3.36%, however, over the last 30 days, the volatility rate increased by 3.73%, as shares surge +12.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.82% upper at present.
During the last 5 trading sessions, BOOT fell by -1.87%, which changed the moving average for the period of 200-days by +15.63% in comparison to the 20-day moving average, which settled at $96.25. In addition, Boot Barn Holdings Inc saw 28.47% 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 1.95. 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
In conclusion, Boot Barn Holdings Inc (BOOT) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
