Market Insight: Boot Barn Holdings Inc (BOOT)’s Notable Drop, Closing at 165.08

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In the latest session, Boot Barn Holdings Inc (NYSE: BOOT) closed at $165.08 down -0.83% from its previous closing price of $166.46. In other words, the price has decreased by -$0.83 from its previous closing price. On the day, 0.54 million shares were traded. BOOT stock price reached its highest trading level at $165.94 during the session, while it also had its lowest trading level at $163.74.

Ratios:

For a deeper understanding of Boot Barn Holdings Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 60.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 55.55. For the most recent quarter (mrq), Quick Ratio is recorded 0.39 and its Current Ratio is at 2.33. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.43.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on July 24, 2024, Downgraded its rating to Neutral and sets its target price to $125 from $140 previously.

On July 19, 2024, Citigroup reiterated its Buy rating and also lowered its target price recommendation from $122 to $154.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 10 ’24 when Watkins James M sold 9,356 shares for $153.69 per share. The transaction valued at 1,437,921 led to the insider holds 11,408 shares of the business.

Watkins James M bought 9,356 shares of BOOT for $1,436,925 on Sep 10 ’24. On Aug 30 ’24, another insider, MACDONALD ANNE, who serves as the Director of the company, sold 1,698 shares for $135.20 each. As a result, the insider received 229,570 and left with 0 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BOOT now has a Market Capitalization of 5035550720 and an Enterprise Value of 5443299840. As of this moment, Boot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.42, and their Forward P/E ratio for the next fiscal year is 25.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 12.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.95 while its Price-to-Book (P/B) ratio in mrq is 5.13. Its current Enterprise Value per Revenue stands at 3.189 whereas that against EBITDA is 21.144.

Stock Price History:

Over the past 52 weeks, BOOT has reached a high of $168.70, while it has fallen to a 52-week low of $66.73. The 50-Day Moving Average of the stock is 20.35%, while the 200-Day Moving Average is calculated to be 53.58%.

Shares Statistics:

For the past three months, BOOT has traded an average of 664.11K shares per day and 509820 over the past ten days. A total of 30.34M shares are outstanding, with a floating share count of 30.31M. Insiders hold about 0.62% of the company’s shares, while institutions hold 117.10% stake in the company. Shares short for BOOT as of 1724976000 were 2980335 with a Short Ratio of 4.19, compared to 1722384000 on 3572460. Therefore, it implies a Short% of Shares Outstanding of 2980335 and a Short% of Float of 11.59.

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