In the past week, BOOT stock has gone down by -0.41%, with a monthly gain of 3.61% and a quarterly surge of 24.95%. The volatility ratio for the week is 2.73%, and the volatility levels for the last 30 days are 3.50% for Boot Barn Holdings Inc. The simple moving average for the past 20 days is 3.33% for BOOT’s stock, with a 30.03% simple moving average for the past 200 days.
Is It Worth Investing in Boot Barn Holdings Inc (NYSE: BOOT) Right Now?
The price-to-earnings ratio for Boot Barn Holdings Inc (NYSE: BOOT) is above average at 23.16x. The 36-month beta value for BOOT is also noteworthy at 2.14. 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.”
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The public float for BOOT is 30.01M, and at present, short sellers hold a 12.71% of that float. The average trading volume of BOOT on May 24, 2024 was 748.85K shares.
BOOT) stock’s latest price update
Boot Barn Holdings Inc (NYSE: BOOT)’s stock price has gone rise by 0.86 in comparison to its previous close of 110.28, however, the company has experienced a -0.41% decrease in its stock price over the last five trading days. investorplace.com reported 2024-05-17 that Investors looking for breakout stocks to buy that Wall Street already loves should find it easier now that the S&P 500 is near 52-week and all-time highs. The index is up nearly 12% year to date thanks to an almost 5% gain in the past month.
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 11.00% 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 -4.09% of loss for the given period.
Volatility was left at 3.50%, however, over the last 30 days, the volatility rate increased by 2.73%, as shares surge +3.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.26% upper at present.
During the last 5 trading sessions, BOOT fell by -0.41%, which changed the moving average for the period of 200-days by +13.99% in comparison to the 20-day moving average, which settled at $107.84. In addition, Boot Barn Holdings Inc saw 44.91% 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 Love Michael A, who sale 5,653 shares at the price of $113.61 back on May 21 ’24. After this action, Love Michael A now owns 2,327 shares of Boot Barn Holdings Inc, valued at $642,237 using the latest closing price.
Hazen John, the CHIEF DIGITAL OFFICER of Boot Barn Holdings Inc, sale 3,563 shares at $113.21 during a trade that took place back on May 17 ’24, which means that Hazen John is holding 1,309 shares at $403,367 based on the most recent closing price.
Stock Fundamentals for BOOT
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.37 for the gross margin
The net margin for Boot Barn Holdings Inc stands at 0.09. The total capital return value is set at 0.13. Equity return is now at value 17.09, with 8.51 for asset returns.
Based on Boot Barn Holdings Inc (BOOT), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 88.57.
Currently, EBITDA for the company is 302.95 million with net debt to EBITDA at 1.49. When we switch over and look at the enterprise to sales, we see a ratio of 2.26. The receivables turnover for the company is 82.39for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.33.
Conclusion
In summary, Boot Barn Holdings Inc (BOOT) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
