While Boot Barn Holdings Inc has overperformed by 1.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BOOT rose by 110.04%, with highs and lows ranging from $169.83 to $69.35, whereas the simple moving average jumped by 13.66% in the last 200 days.
On January 10, 2025, UBS Upgraded Boot Barn Holdings Inc (NYSE: BOOT) to Buy. Robert W. Baird also Upgraded BOOT shares as ‘Outperform’, setting a target price of $167 on the company’s shares in a report dated October 30, 2024. BTIG Research Reiterated the rating as Buy on October 29, 2024, but set its price target from $165 to $185. Craig Hallum October 25, 2024d its ‘Buy’ rating to ‘Hold’ for BOOT, as published in its report on October 25, 2024. UBS’s report from July 24, 2024 suggests a price prediction of $125 for BOOT shares, giving the stock a ‘Neutral’ rating. Citigroup also rated the stock as ‘Buy’.
Analysis of Boot Barn Holdings Inc (BOOT)
Further, the quarter-over-quarter increase in sales is 13.71%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Boot Barn Holdings Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 16.41% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.26, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and BOOT is recording an average volume of 784.04K. On a monthly basis, the volatility of the stock is set at 4.12%, whereas on a weekly basis, it is put at 5.58%, with a loss of -5.22% over the past seven days. Furthermore, long-term investors anticipate a median target price of $188.92, showing growth from the present price of $152.03, which can serve as yet another indication of whether BOOT is worth investing in or should be passed over.
How Do You Analyze Boot Barn Holdings Inc Shares?
Boot Barn Holdings Inc (BOOT) is based in the USA and is one of the most prominent companies operating in the Apparel Retail market. When comparing Boot Barn Holdings Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 30.48, there is a growth in quarterly earnings of 5.38%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.74%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 110.56% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BOOT shares are owned by institutional investors to the tune of 110.56% at present.
