Are You Interested In Investing In Boot Barn Holdings Inc. (BOOT)? Check This Out First

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SNOW Stock

As of Wednesday close, Boot Barn Holdings Inc.’s (NYSE:BOOT) stock was up $0.97, moving up 1.53 percent to $64.35. The average number of shares traded per day over the past five days has been 522,800 shares. 4 times new highs have been achieved over the past 5 days, with a $1.62 gain in that time frame. In the last twenty days, the average volume was 762,465, while in the previous 50 days, it was 720,590.

Since last month, BOOT stock rose 9.23%. Shares of the company fell to $50.20 on 11/03/22, the lowest level in the past month. A 52-week high of $131.02 was reached on 01/03/22 after having rallying from a 52-week low of $50.20. Since the beginning of this year, BOOT’s stock price has dropped by -47.70% or -$58.70, and marked a new high 1 time. However, the stock has declined by -50.89% since its 52-week high.

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BOOT stock investors should be aware that Boot Barn Holdings Inc. (BOOT) stock had its last reported insider trading activity 15 days ago on Nov 09. Watkins James M, the CFO & SECRETARY of the company, purchased of 2,500 shares for $52.34 on Nov 09. It resulted in a $130,838 investment by the insider. STARRETT PETER added 4,000 shares at an average price of $70.88 on Aug 22. The insider now owns 14,799 shares following the transaction. On Aug 05, CFO & SECRETARY Watkins James M bought 2,500 shares at $60.83 apiece. The transaction was valued at $152,082.

Valuation Metrics

Right now, Boot Barn Holdings Inc. (BOOT) has a P/E ratio of about 10.56. The stock’s beta is 2.25. Besides these, the trailing price-to-sales (P/S) ratio of 1.21, the price-to-book (PB) ratio of 2.85.

Financial Health

In the three months ended September 29, Boot Barn Holdings Inc.’s quick ratio stood at 0.20, while its current ratio was 1.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.02, and the total debt-to-equity ratio was 0.24. On the profitability front, the trailing twelve-month gross margin is 38.30% percent. In the year ended September 29, operating margins totaled 15.80%. Based on annual data, BOOT earned $575.07 million in gross profit and brought in $1.49 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 30.70%. Return on equity (ROE) for the past 12 months was 30.10%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BOOT’s revenue rose 11.05% to $365.86 million during the quarter, while net income inched up to $351.55 million. While analysts expected Boot Barn Holdings Inc. to report $0.9 quarterly earnings, the actual figure was $1.06 per share, beating the consensus estimate by 17.80%. During the quarter, the company generated $52.97 million in EBITDA. The liabilities of Boot Barn Holdings Inc. were 812.01 million at the end of its most recent quarter ended September 29, and its total debt was $379.96 million. The value of shareholders’ equity is $29.81 million.

Technical Picture

This quick technical analysis looks at Boot Barn Holdings Inc.’s (BOOT) price momentum. With a historical volatility rate of 39.42%, the RSI 9-day stood at 65.50% on 23 November.

With respect to its five-day moving average, the current Boot Barn Holdings Inc. price is up by +2.58% percent or $1.62. At present, BOOT shares trade +9.20% above its 20-day simple moving average and -8.29% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.53% below its SMA50 and -25.47% below its SMA200.

Stochastic coefficient K was 80.21% and Stochastic coefficient D was 74.54%, while ATR was 3.30. Given the Stochastic reading of 88.35% for the 14-day period, the RSI (14) reading has been calculated as 60.56%. As of today, the MACD Oscillator reading stands at 0.46, while the 14-day reading stands at 2.78.

Analyst Ratings

Seaport Research Partners upgraded its rating on Boot Barn Holdings Inc. (NYSE: BOOT) to a Buy in a note to investors on August 11, 2022. The analysts firm previously had a Neutral rating on the stock.Boot Barn Holdings Inc. (BOOT) has been rated Buy by analysts. According to 0 brokerage firms, BOOT is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Boot Barn Holdings Inc. stock as buy, with 10 recommending it as overweight.

With a median target price of $90.00, the current consensus forecast for the stock is $64.00 – $100.00. Based on these forecasts, analysts predict Boot Barn Holdings Inc. (BOOT) will achieve an average price target of $89.27.


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