As of Thursday close, Boot Barn Holdings Inc.’s (NYSE:BOOT) stock was down -$1.86, moving down -2.24 percent to $81.21. The average number of shares traded per day over the past five days has been 828,620 shares. 1 time new highs have been achieved over the past 5 days, with a -$7.53 fall in that time frame. In the last twenty days, the average volume was 674,420, while in the previous 50 days, it was 727,898.
Since last month, BOOT stock retreated -12.41%. Shares of the company fell to $81.11 on 09/21/23, the lowest level in the past month. A 52-week high of $104.91 was reached on 08/03/23 after having rallying from a 52-week low of $50.20. Since the beginning of this year, BOOT’s stock price has risen by 29.89% or $18.69, and marked a new high 20 times. However, the stock has declined by -22.59% since its 52-week high.
BOOT stock investors should be aware that Boot Barn Holdings Inc. (BOOT) stock had its last reported insider trading activity 38 days ago on Aug 15. Conroy James Grant, the PRESIDENT AND CEO of the company, disposed of 113,637 shares for $94.11 on Aug 15. It resulted in a $10,694,378 divestment by the insider. Conroy James Grant sold 113,636 shares at an average price of $93.09 on Aug 14. The insider now owns 46,273 shares following the transaction. On Aug 11, CHIEF RETAIL OFFICER Love Michael A sold 10,250 shares at $94.94 apiece. The transaction was valued at $973,135.
Valuation Metrics
Right now, Boot Barn Holdings Inc. (BOOT) has a P/E ratio of about 14.91. The stock’s beta is 2.34. Besides these, the trailing price-to-sales (P/S) ratio of 1.46, the price-to-book (PB) ratio of 2.99, and the price-to-cash flow ratio of 47.07 may also be considered.
Financial Health
In the three months ended June 29, Boot Barn Holdings Inc.’s quick ratio stood at 0.20, while its current ratio was 2.00, 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 June 29 was 0.02, and the total debt-to-equity ratio was 0.05. On the profitability front, the trailing twelve-month gross margin is 36.70% percent. In the year ended June 29, EBITDA margin amounted to 19.04%, whereas operating margins totaled 13.50%. Based on annual data, BOOT earned $610.57 million in gross profit and brought in $1.66 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 20.50%. Return on equity (ROE) for the past 12 months was 22.10%.
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 4.47% to $425.66 million during the quarter, while net income inched up to $382.96 million. While analysts expected Boot Barn Holdings Inc. to report $0.84 quarterly earnings, the actual figure was $1.13 per share, beating the consensus estimate by 34.50%. During the quarter, the company generated $56.89 million in EBITDA. The liabilities of Boot Barn Holdings Inc. were 692.77 million at the end of its most recent quarter ended June 29, and its total debt was $423.34 million. The value of shareholders’ equity is $29.99 million.
Technical Picture
This quick technical analysis looks at Boot Barn Holdings Inc.’s (BOOT) price momentum. With a historical volatility rate of 30.52%, the RSI 9-day stood at 27.88% on 21 September.
With respect to its five-day moving average, the current Boot Barn Holdings Inc. price is down by -8.49% percent or -$7.53. At present, BOOT shares trade -13.51% below its 20-day simple moving average and +12.06% percent above its 100-day simple moving average. However, the stock is currently trading approximately -9.91% below its SMA50 and +22.77% above its SMA200.
Stochastic coefficient K was 2.52% and Stochastic coefficient D was 11.48%, while ATR was 2.62. Given the Stochastic reading of 0.78% for the 14-day period, the RSI (14) reading has been calculated as 33.56%. As of today, the MACD Oscillator reading stands at -2.42, while the 14-day reading stands at -3.58.
Analyst Ratings
BTIG Research launched its rating on Boot Barn Holdings Inc. (NYSE: BOOT) to a Buy in a note to investors on February 07, 2023. Boot Barn Holdings Inc. (BOOT) has been rated Buy by analysts. According to 0 brokerage firms, BOOT is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Boot Barn Holdings Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $115.00, the current consensus forecast for the stock is $88.00 – $130.00. Based on these forecasts, analysts predict Boot Barn Holdings Inc. (BOOT) will achieve an average price target of $112.71.
