Boot Barn Holdings Inc. (NYSE:BOOT) saw an upside of 1.22% to close Friday at $92.39 after adding $1.11 on the day. The 5-day average trading volume is 767,160 shares of the company’s common stock. It has gained $96.24 in the past week and touched a new high 3 times within the past 5 days. An average of 811,540 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 704,316.
BOOT’s 1-month performance is -2.88% or $0.29 on its low of $89.91 reached on 08/02/23. The company’s shares have touched a 52-week low of $50.20 and high of $104.91, with the stock’s rally to the 52-week high happening on 08/03/23. YTD, BOOT has achieved 47.78% or $29.87 and has reached a new high 20 times. However, the current price is down -11.93% from the 52-week high price.
Insider Transactions
BOOT stock investors last saw insider trading activity on Aug 15.Conroy James Grant (PRESIDENT AND CEO) most recently sold 113,637 shares at $94.11 per share on Aug 15. This transaction cost the insider $10,694,378. PRESIDENT AND CEO, Conroy James Grant, sold 113,636 shares at a price of $93.09 on Aug 14. Then, on Aug 11, CHIEF RETAIL OFFICER Love Michael A sold 10,250 shares at a price of $94.94 per share. This transaction amounted to $973,135.
Valuation Metrics
BOOT stock has a beta of 2.31. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.63 while the price-to-book (PB) in the most recent quarter is 3.40, with the price to cash flow ratio at 52.75.
Boot Barn Holdings Inc.’s quick ratio for the period ended June 29 was 0.20, with the current ratio over the same period at 2.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.02, while the total debt to equity was 0.05. In terms of profitability, the gross margin trailing 12 months is 36.70%. The trailing 12-month EBITDA margin is 19.04% while for the period ending June 29, Boot Barn Holdings Inc.’s operating margin was 13.50%. The firm’s gross profit as reported stood at $610.57 million against revenue of $1.66 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -14.8% to $34.25 million, while revenue of $46.41 million was -35.5% off the previous quarter. Analysts expected BOOT to announce $0.84 per share in earnings in its latest quarter, but it posted $1.13, representing a 34.50% surprise. EBITDA for the quarter stood at more than $56.89 million. BOOT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 692.77 million, with total debt at $423.34 million. Shareholders hold equity totaling $29.99 million.
Let’s look briefly at Boot Barn Holdings Inc. (BOOT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 45.08% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.97%.
The stock’s 5-day moving average is $93.06, reflecting a -3.09% or -$2.95 change from its current price. BOOT is currently trading -1.08% above its 20-day SMA, +23.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +25.67% and SMA200 by+62.66%.
Stochastic %K and %D was 15.84% and 21.49% and the average true range (ATR) pointed at 3.44. The RSI (14) points at 49.59%, while the 14-day stochastic is at 16.53% with the period’s ATR at 3.36. The stock’s 9-day MACD Oscillator is pointing at -2.07 and -2.75 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Boot Barn Holdings Inc. (NYSE: BOOT), BTIG Research launched coverage with a Buy rating. Analysts offering their rating for BOOT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate BOOT as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 12 have offered a “buy” rating.
What is BOOT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $88.00 and a high of $130.00, with their median price target at $115.00. Looking at these predictions, the average price target given by analysts is for Boot Barn Holdings Inc. (BOOT) stock is $112.71.
