Boot Barn Holdings Inc. [NYSE: BOOT] stock went on a downward path that fall over -8.94% on Thursday, amounting to a one-week price decrease of less than -14.93%. Over the last 12 months, BOOT stock dropped by -25.56%. The one-year Boot Barn Holdings Inc. stock forecast points to a potential upside of 2.9. The average equity rating for BOOT stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $623.82 million, with 26.97 million shares outstanding and 26.97 million shares in the current float. Compared to the average trading volume of 1.18M shares, BOOT stock reached a trading volume of 1410887 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Guru’s Opinion on Boot Barn Holdings Inc. [BOOT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BOOT shares is $23.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BOOT stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Pivotal Research Group have made an estimate for Boot Barn Holdings Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 21, 2020. While these analysts kept the previous recommendation, Pivotal Research Group dropped their target price from $42 to $19. The new note on the price target was released on May 15, 2020, representing the official price target for Boot Barn Holdings Inc. stock. Previously, the target price had yet another raise to $11, while Susquehanna analysts kept a Negative rating on BOOT stock.
The Average True Range (ATR) for Boot Barn Holdings Inc. is set at 2.10, with the Price to Sales ratio for BOOT stock in the period of the last 12 months amounting to 0.74. The Price to Book ratio for the last quarter was 2.32.
BOOT Stock Performance Analysis:
Boot Barn Holdings Inc. [BOOT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.93. With this latest performance, BOOT shares gained by 17.05% in over the last four-week period, additionally sinking by -44.41% over the last 6 months – not to mention a drop of -25.56% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BOOT stock in for the last two-week period is set at 50.86, with the RSI for the last a single of trading hit 45.71, and the three-weeks RSI is set at 52.40 for Boot Barn Holdings Inc. [BOOT]. The present Moving Average for the last 50 days of trading for this stock 18.94, while it was recorded at 26.31 for the last single week of trading, and 31.44 for the last 200 days.
Insight into Boot Barn Holdings Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Boot Barn Holdings Inc. [BOOT] shares currently have an operating margin of +8.71 and a Gross Margin at +32.68. Boot Barn Holdings Inc.’s Net Margin is presently recorded at +5.67.
Return on Equity for this stock inclined to 16.37, with Return on Assets sitting at 5.94.
BOOT Stock EPS
With the latest financial reports released by the company, Boot Barn Holdings Inc. posted 0.33/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BOOT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Boot Barn Holdings Inc. go to 12.50%.
Boot Barn Holdings Inc. [BOOT] Insider Position Details
There are presently around $840 million, in the hands of institutional investors. The top three institutional holders of BOOT stocks are: BLACKROCK INC. with ownership of 4,178,990, which is approximately -3.709% of the company’s market cap and around 1.10% of the total institutional ownership; VANGUARD GROUP INC, holding 2,077,763 shares of the stock with an approximate value of $52.77 million in BOOT stocks shares; and INVESCO LTD., currently with $47.69 million in BOOT stock with ownership of nearly -7.614% of the company’s market capitalization.
Positions in Boot Barn Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 127 institutional holders increased their position in Boot Barn Holdings Inc. [NYSE:BOOT] by around 8,809,765 shares. Additionally, 130 investors decreased positions by around 7,777,223 shares, while 14 investors held positions by with 16,499,645 shares. The mentioned changes placed institutional holdings at 33,086,633 shares, according to the latest SEC report filing. BOOT stock had 35 new institutional investments in for a total of 2,573,076 shares, while 76 institutional investors sold positions of 5,107,452 shares during the same period.