Stay Ahead of Wall Street. Find out what is happening to Boot Barn Holdings, Inc. (NYSE:BOOT) stock today? Its price is jumping 0.99 points, trading at $40.32 levels, and is up 2.52% from its previous close of $39.33. The shares seem to have an active trading volume day with a reported 187294 contracts so far this session. BOOT shares had a relatively better volume day versus average trading capacity of 733.99 thousand shares, but with a 28.47 million float and a -2.24% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for BOOT stock indicates that the average analyst price target is $43.92 per share. This means the stock has a potential increase of 8.93% from where the BOOT share price has been trading recently which is between $37.9 and $40.13.
During the recent trading session for Boot Barn Holdings, Inc. (NYSE:BOOT), the company witnessed their stock drop by $-0.59 over a week and surge $1.27 from the price 20 days ago. When compared to their established 52-week high of $44.05, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 11/18/19. The recent low of $15.01 stood for a -8.47% since 12/24/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.27 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Boot Barn Holdings, Inc., the two-week RSI stands at 53.92. This figure suggests that BOOT stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current BOOT readings is similarly very revealing as it has a stochastic reading of 31.64% at this stage. This figure means that BOOT share price today is being neutral.
Technical chart claims that Boot Barn Holdings, Inc. (BOOT) would settle between $40.34/share to $41.35/share level. However, if the stock price goes below the $38.11 mark, then the market for Boot Barn Holdings, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $36.89 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.15. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Pivotal Research Group lifted target price for shares of BOOT but were stick to Hold recommendation for the stock in their opinion released on October 31. The price target has been raised from $38 to $40. Pivotal Research Group analysts again handed out a Hold recommendation to Boot Barn Holdings, Inc. (NYSE:BOOT) stock but they lifted target price for the shares in a flash note issued to investors on October 28. The target price has been raised from $35 to $38. Analysts at Stephens, made their first call for the equity with a Overweight recommendation, according to a research note that dated back to October 09.
BOOT equity has an average rating of 1.93, with the figure leaning towards a bullish end. 12 analysts who tracked the company were contacted by Reuters. Amongst them, 5 rated the stock as a hold while the remaining 7 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 7 analysts rated Boot Barn Holdings, Inc. (NYSE:BOOT) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, BOOT stock price is currently trading at 18.9X forward 12-month Consensus EPS estimates, and its P/E ratio is 25.2 while for the average stock in the same group, the multiple is 25.2. Boot Barn Holdings, Inc. current P/B ratio of 3.9 means it is trading at a discount against its industry’s 7.5.