Stock To Watch: Boot Barn Holdings, Inc. (NYSE:BOOT)


The leading market experts have placed a mean price target of $12.00 on Boot Barn Holdings, Inc. (NYSE:BOOT) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.48 a share for the upcoming quarter and $0.68 for the current fiscal.

Technical View

The technical analysis of Boot Barn Holdings, Inc. Common plainly substantiates that the 50-day moving average of Boot Barn Holdings, Inc. Common is $9.54, and stock is trading $1.81 points away or +19.02% from its 50-day moving average of $9.54. Further it is trading $2.69 or +31.06% away its 200-day moving average of $8.66. Boot Barn Holdings, Inc. (NYSE:BOOT) 52-week high is $25.44 and the 52-week low is $5.20.

This explains if the stock moves $-14.09, it will post a 52-week high. In event of +118.27% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Boot Barn Holdings, Inc. Common, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Boot Barn Holdings, Inc. (NYSE:BOOT) ratio came in at 36.50.

The stock last ended the trading session at $11.35 and registered a market cap of $299.78M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Boot Barn Holdings, Inc. (NYSE:BOOT) PEG ratio is at 2.04.

1 Chart Pattern Every Investor Should Know

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