The stock of Boot Barn Holdings Inc (BOOT) has gone up by 7.96% for the week, with a -16.75% drop in the past month and a 0.43% rise in the past quarter. The volatility ratio for the week is 4.67%, and the volatility levels for the past 30 days are 3.43% for BOOT. The simple moving average for the last 20 days is -9.81% for BOOT’s stock, with a simple moving average of 11.76% for the last 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 26.96x. 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 30.34M, and at present, short sellers hold a 8.05% of that float. The average trading volume of BOOT on November 08, 2024 was 680.85K shares.
BOOT) stock’s latest price update
The stock of Boot Barn Holdings Inc (NYSE: BOOT) has increased by 5.70 when compared to last closing price of 127.21.Despite this, the company has seen a gain of 7.96% in its stock price over the last five trading days. zacks.com reported 2024-11-05 that Investors need to pay close attention to Boot Barn (BOOT) stock based on the movements in the options market lately.
Analysts’ Opinion of BOOT
Many brokerage firms have already submitted their reports for BOOT stocks, with Robert W. Baird repeating the rating for BOOT by listing it as a “Outperform.” The predicted price for BOOT in the upcoming period, according to Robert W. Baird is $167 based on the research report published on October 30, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see BOOT reach a price target of $185, previously predicting the price at $165. The rating they have provided for BOOT stocks is “Buy” according to the report published on October 29th, 2024.
Craig Hallum gave a rating of “Hold” to BOOT, setting the target price at $162 in the report published on October 25th of the current year.
BOOT Trading at -12.12% 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 -20.83% of loss for the given period.
Volatility was left at 3.43%, however, over the last 30 days, the volatility rate increased by 4.67%, as shares sank -15.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.36% lower at present.
During the last 5 trading sessions, BOOT rose by +7.96%, which changed the moving average for the period of 200-days by +83.99% in comparison to the 20-day moving average, which settled at $149.08. In addition, Boot Barn Holdings Inc saw 75.17% 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 Watkins James M, who sale 9,356 shares at the price of $153.69 back on Sep 10 ’24. After this action, Watkins James M now owns 11,408 shares of Boot Barn Holdings Inc, valued at $1,437,921 using the latest closing price.
Watkins James M, the Officer of Boot Barn Holdings Inc, proposed sale 9,356 shares at $153.58 during a trade that took place back on Sep 10 ’24, which means that Watkins James M is holding shares at $1,436,925 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 16.41, with 8.91 for asset returns.
Based on Boot Barn Holdings Inc (BOOT), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 136.91.
Currently, EBITDA for the company is 302.95 million with net debt to EBITDA at 1.74. When we switch over and look at the enterprise to sales, we see a ratio of 2.61. The receivables turnover for the company is 222.93for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.25.
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’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.
