Boot Barn Holdings Inc (NYSE: BOOT) has seen a rise in its stock price by 5.01 in relation to its previous close of 148.33. However, the company has experienced a 7.00% gain in its stock price over the last five trading sessions. zacks.com reported 2024-12-18 that GAP’s focus on innovation, sustainability and digital transformation positions it for growth, attracting investors seeking exposure in the retail market.
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 31.23x. The 36-month beta value for BOOT is also noteworthy at 2.13. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BOOT is 30.30M, and at present, short sellers hold a 6.23% of that float. The average trading volume of BOOT on December 27, 2024 was 721.15K shares.
BOOT’s Market Performance
BOOT stock saw an increase of 7.00% in the past week, with a monthly gain of 7.09% and a quarterly increase of -7.09%. The volatility ratio for the week is 3.78%, and the volatility levels for the last 30 days are 3.89% for Boot Barn Holdings Inc (BOOT). The simple moving average for the last 20 days is 6.00% for BOOT stock, with a simple moving average of 20.13% for the last 200 days.
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 8.17% 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 -8.28% of loss for the given period.
Volatility was left at 3.89%, however, over the last 30 days, the volatility rate increased by 3.78%, as shares surge +12.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.50% lower at present.
During the last 5 trading sessions, BOOT rose by +7.00%, which changed the moving average for the period of 200-days by +81.18% in comparison to the 20-day moving average, which settled at $146.94. In addition, Boot Barn Holdings Inc saw 102.92% 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 53,697 shares at the price of $135.36 back on Nov 08 ’24. After this action, Conroy James Grant now owns 69,943 shares of Boot Barn Holdings Inc, valued at $7,268,261 using the latest closing price.
Conroy James Grant, the PRESIDENT AND CEO of Boot Barn Holdings Inc, sale 52,379 shares at $135.49 during a trade that took place back on Nov 11 ’24, which means that Conroy James Grant is holding 23,670 shares at $7,096,956 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 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 1.76. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 136.91.
Currently, EBITDA for the company is 249.19 million with net debt to EBITDA at 1.82. When we switch over and look at the enterprise to sales, we see a ratio of 2.98. 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
