Boot Barn Holdings Inc (NYSE: BOOT): A Blank Check?

Boot Barn Holdings Inc (NYSE:BOOT) shares, rose in value on Wednesday, April 16, with the stock price down by -2.56% to the previous day’s close as strong demand from buyers drove the stock to $89.73.

Actively observing the price movement in the last trading, the stock closed the session at $92.09, falling within a range of $88.07 and $91.24. The value of beta (5-year monthly) was 1.749 whereas the PE ratio was 16.01 over 12-month period. Referring to stock’s 52-week performance, its high was $176.64, and the low was $88.23. On the whole, BOOT has fluctuated by -12.20% over the past month.

With the market capitalization of Boot Barn Holdings Inc currently standing at about $2.75 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-29.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BOOT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 1.05, with the price of BOOT currently trading nearly -12.56% and -21.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.94, while the 7-day volatility ratio is showing 6.00% which for the 30-day chart, stands at 7.79%. Furthermore, Boot Barn Holdings Inc (BOOT)’s beta value is 1.62, and its average true range (ATR) is 8.06.

A comparison of Boot Barn Holdings Inc (BOOT) with its peers suggests the former has fared considerably weaker in the market. BOOT showed an intraday change of -2.56% in last session, and over the past year, it shrunk by -8.58%%.

Data on historical trading for Boot Barn Holdings Inc (NYSE:BOOT) indicates that the trading volumes over the past 10 days have averaged 1.62 and over the past 3 months, they’ve averaged 1.03 million. According to company’s latest data on outstanding shares, there are 30.59 million shares outstanding.

Nearly 0.73% of Boot Barn Holdings Inc’s shares belong to company insiders and institutional investors own 114.22% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.04 million shares as on 2025-03-31, resulting in a short ratio of 3.45. According to the data, the short interest in Boot Barn Holdings Inc (BOOT) stood at 1180.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 3.35 million. The stock has fallen by -40.90% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BOOT stock heading into the next quarter.

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