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A Real Picture of Boot Barn Holdings Inc. (BOOT) Stock: The Fundamentals

BTIG Research raised the price target for the Boot Barn Holdings Inc. (NYSE:BOOT) stock to “a Buy”. The rating was released on February 07, 2023, according to finviz. The research report from BofA Securities has initiated the stock to Buy, with a price target set at $85. The stock was upgraded by Seaport Research Partners, who disclosed in a research note on August 11, 2022, from Neutral to Buy and set the price objective to $100. In their research brief published May 27, 2022, Robert W. Baird analysts upgraded the Boot Barn Holdings Inc. stock from Neutral to Outperform with a price target of $115.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Boot Barn Holdings Inc. (NYSE:BOOT) dipped -4.13% to close Friday’s market session at $71.93, lower as compared to yesterday’s close. The stock price fluctuated between $71.83 and $74.225 throughout the trading session with the volume trading being 849729 shares, which represented a significant variation when compared to the three months average volume of 717.31K shares. The firm’s stock price fluctuated -3.45% within the last five trades and -13.70% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 10.44% in the last 6 months and 14.61% was added to its value over the previous 3 months. BOOT stock is trading at a margin of -6.42%, -7.12% and 4.73% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, BOOT deals in the Consumer Cyclical domain. The stock is trading -31.92 percent below its 52-week high and 43.29 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -24.15. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Boot Barn Holdings Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 14.30 percent and the profit margin is 10.50 percent, and the company has reported a gross margin of 37.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $2.18 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Boot Barn Holdings Inc. (NYSE:BOOT) is 12.93. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 11.95. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.35 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.94, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Conroy James Grant, the PRESIDENT AND CEO at Boot Barn Holdings Inc. (BOOT) has sold 56,880 shares of firm on Feb 10 at a price of $80.95 against the total amount of $4.6 million. In another inside trade, Watkins James M, CFO & SECRETARY of Boot Barn Holdings Inc. (NYSE:BOOT) bought 2,500 shares of the firm on Nov 09 for a total worth of $0.13 million at a price of $52.34. An inside trade which took place on Aug 22, Director of Boot Barn Holdings Inc. STARRETT PETER bought 4,000 shares of firm against total price of $0.28 million at the cost of $70.88 per share.



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