The price-to-earnings ratio for Boot Barn Holdings Inc (NYSE: BOOT) is 30.34x, 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.”
The public float for BOOT is 30.31M and currently, short sellers hold a 10.24% of that float. On September 10, 2024, BOOT’s average trading volume was 672.69K shares.
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BOOT) stock’s latest price update
Boot Barn Holdings Inc (NYSE: BOOT)’s stock price has soared by 7.41 in relation to previous closing price of 139.55. Nevertheless, the company has seen a gain of 10.65% in its stock price over the last five trading days. fool.com reported 2024-09-10 that Prominent analysts looked at the chain’s recent sales trends and raised their price targets for Boot Barn stock. The company is making a presentation at an investor conference on Tuesday afternoon.
BOOT’s Market Performance
BOOT’s stock has risen by 10.65% in the past week, with a monthly rise of 11.96% and a quarterly rise of 15.46%. The volatility ratio for the week is 3.10% while the volatility levels for the last 30 days are 2.87% for Boot Barn Holdings Inc . The simple moving average for the past 20 days is 9.10% for BOOT’s stock, with a 45.78% simple moving average for the past 200 days.
Analysts’ Opinion of BOOT
Many brokerage firms have already submitted their reports for BOOT stocks, with UBS repeating the rating for BOOT by listing it as a “Neutral.” The predicted price for BOOT in the upcoming period, according to UBS is $125 based on the research report published on July 24, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see BOOT reach a price target of $154, previously predicting the price at $122. The rating they have provided for BOOT stocks is “Buy” according to the report published on July 19th, 2024.
BOOT Trading at 14.93% 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 4.40% of gains for the given period.
Volatility was left at 2.87%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares surge +10.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.87% upper at present.
During the last 5 trading sessions, BOOT rose by +11.23%, which changed the moving average for the period of 200-days by +110.27% in comparison to the 20-day moving average, which settled at $138.08. In addition, Boot Barn Holdings Inc saw 95.27% 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 1,698 shares at the price of $135.20 back on Aug 30 ’24. After this action, MACDONALD ANNE now owns 0 shares of Boot Barn Holdings Inc, valued at $229,570 using the latest closing price.
MACDONALD ANNE, the Director of Boot Barn Holdings Inc, proposed sale 1,698 shares at $135.20 during a trade that took place back on Aug 30 ’24, which means that MACDONALD ANNE is holding shares at $229,570 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 0.14. Equity return is now at value 16.89, with 9.24 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 0.42. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 129.11.
Currently, EBITDA for the company is 302.95 million with net debt to EBITDA at 1.51. When we switch over and look at the enterprise to sales, we see a ratio of 2.94. The receivables turnover for the company is 215.6for trailing twelve months and the total asset turnover is 0.96. 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 better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
