While Boot Barn Holdings Inc has overperformed by 3.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BOOT rose by 130.29%, with highs and lows ranging from $169.83 to $71.54, whereas the simple moving average jumped by 24.52% in the last 200 days.
On January 23, 2025, KeyBanc Capital Markets Upgraded Boot Barn Holdings Inc (NYSE: BOOT) to Overweight. A report published by UBS on January 10, 2025, Upgraded its rating to ‘Buy’ for BOOT. BofA Securities also rated BOOT shares as ‘Buy’, setting a target price of $187 on the company’s shares in an initiating report dated January 07, 2025. BTIG Research resumed its ‘Buy’ rating for BOOT, as published in its report on October 29, 2024. Craig Hallum’s report from October 25, 2024 suggests a price prediction of $162 for BOOT shares, giving the stock a ‘Hold’ rating. UBS also rated the stock as ‘Neutral’.
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.
One of the most important indicators of Boot Barn Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. 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.
For any stock, average volume can also provide valuable insight into volatility, and BOOT is recording 821.85K average volume. On a monthly basis, the volatility of the stock is set at 4.03%, whereas on a weekly basis, it is put at 3.44%, with a gain of 10.83% over the past seven days. Furthermore, long-term investors anticipate a median target price of $189.00, showing growth from the present price of $168.50, 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?
The Apparel Retail market is dominated by Boot Barn Holdings Inc (BOOT) based in the USA. 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 33.78, there is a growth in quarterly earnings of 5.38%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 111.36% 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 111.36% at present.
