Sell-side analyst recommendations point to a short term price target of $22.44 on the company shares. The company's price to sales ratio for trailing twelve months is 0.89 and price to book ratio for most recent quarter is 2.87, whereas price to cash per share for the most recent quarter is 31.18. The payout ratio of 0.00% is comparitive to other firms in the Apparel Stores industry. (NYSE:BOOT)'s Williams Percent Range or 14 day Williams %R is resting at -6.25. The company has Relative Strength Index (RSI 14) of 82.24 along with Average True Range (ATR 14) of 0.67.
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. When analyzing volume, determine the strength or weakness of a move. But that can be left up to the decision maker. Boot Barn Holdings, Inc.'s stock is 30.42% away from its 20-Day Simple Moving Average. The stock price closed last trading at $0.15. The stock has 322.88% to a low over the previous 12 months and showed 12.54% to a high over the same period. We should also note their 52-Week High and Low: the shares now trade 16.91% away from their high and 339.32% from the low.
Technical Look at Boot Barn Holdings, Inc. Checking on another technical indicator, the 14-day RSI is now sitting at 74.03, the 7-day rests at 82.12, and the 3-day is presently at 91.6 for Boot Barn Holdings, Inc.
Currently, the 14-day Relative Strength Index (RSI) reading is at 82.64. Yields move in the opposite direction to price. It just means that you need to consider other ways of looking at the stock before you can judge if this is a good investment or not. One of the most popular time frames using RSI is the 14-day. A beta of less than 1 means that the security is theoretically less volatile than the market. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture.
Why Boot Barn Holdings, Inc.
Boot Barn (NYSE:BOOT) updated its FY19 earnings guidance on Tuesday. The stock is showing 32.21% so far this year and moved 8.50% during recent week. Some analysts believe that the market is ready to take a bearish turn, but others believe that there is still room for stocks to shoot higher. Dimensional Fund Advisors LP now owns 1,732,918 shares of the company's stock worth $30,725,000 after purchasing an additional 435,132 shares during the period. Victory Capital Management Inc. acquired a new stake in Boot Barn in the first quarter valued at $130,000.
Shares of Boot Barn opened at $21.96 on Wednesday, according to Marketbeat Ratings. Investors may also be tracking the current stock price in relation to its 52-week high and low.
NYSE:BOOT - Boot Barn (NYSE:BOOT) has insider ownership of 4.60% and institutional ownership of 93.37%. When the stock starts moving towards the 52-week high or 52-week low, investors may pay added attention to see if there will be a breakthrough that level. Over the past 4 weeks, shares have moved 25.2%. They set an outperform rating and a $22.00 price objective for the company. Zacks Investment Research upgraded Boot Barn from a "hold" rating to a "buy" rating and set a $21.00 price target for the company in a report on Monday, March 12th. (NYSE:BOOT) is presently 1.29. Also, the Hold rating count is 2 as of 5/15/18. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock.
Taking a look at some target price information, we note that shares of Boot Barn Holdings, Inc.
On 3/6/2018 Laurie Marie Grijalva, Insider, sold 26,863 with an average share price of $18.50 per share and the total transaction amounting to $496,965.50. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.16 by $0.08. They issued a "hold" rating and a $18.00 target price on the stock. A thorough research report will generally give detailed reasoning for a certain target projection.
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