Boot Barn Holdings Inc (NYSE: BOOT)’s stock price has decreased by -2.25 compared to its previous closing price of 122.42. However, the company has seen a -5.95% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-06-24 that Boot Barn Holdings (BOOT) has solidified its position in the retail landscape through aggressive store expansion, substantial merchandise margin improvement and strategic use of AI.
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 24.92x, which is above its average ratio. Moreover, the 36-month beta value for BOOT is 2.09. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for BOOT is 30.04M and currently, short sellers hold a 11.39% of that float. On July 19, 2024, BOOT’s average trading volume was 798.83K shares.
BOOT’s Market Performance
BOOT’s stock has seen a -5.95% decrease for the week, with a -8.22% drop in the past month and a 18.42% gain in the past quarter. The volatility ratio for the week is 4.57%, and the volatility levels for the past 30 days are at 3.38% for Boot Barn Holdings Inc The simple moving average for the past 20 days is -6.70% for BOOT’s stock, with a 29.48% 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 -1.44% 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 -11.11% of loss for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 4.57%, as shares sank -10.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.23% upper at present.
During the last 5 trading sessions, BOOT fell by -5.95%, which changed the moving average for the period of 200-days by +47.38% in comparison to the 20-day moving average, which settled at $127.54. In addition, Boot Barn Holdings Inc saw 55.89% 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 MACDONALD ANNE, who sale 1,956 shares at the price of $111.81 back on May 23 ’24. After this action, MACDONALD ANNE now owns 1,698 shares of Boot Barn Holdings Inc, valued at $218,700 using the latest closing price.
Morris Brenda I, the Director of Boot Barn Holdings Inc, sale 1,500 shares at $110.11 during a trade that took place back on May 23 ’24, which means that Morris Brenda I is holding 4,546 shares at $165,165 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 2.42. 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
To wrap up, the performance of Boot Barn Holdings Inc (BOOT) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
