13 analysts have shared their evaluations of Boot Barn Holdings BOOT during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 3 | 2 | 0 | 0 |
| Last 30D | 3 | 0 | 0 | 0 | 0 |
| 1M Ago | 3 | 2 | 1 | 0 | 0 |
| 2M Ago | 2 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $122.08, with a high estimate of $150.00 and a low estimate of $90.00. Witnessing a positive shift, the current average has risen by 18.09% from the previous average price target of $103.38.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of Boot Barn Holdings among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Janine Stichter | BTIG | Raises | Buy | $150.00 | $125.00 |
| Max Rakhlenko | TD Cowen | Raises | Buy | $145.00 | $120.00 |
| Jeremy Hamblin | Craig-Hallum | Raises | Buy | $150.00 | $120.00 |
| Matthew Boss | JP Morgan | Raises | Overweight | $125.00 | $115.00 |
| Jeremy Hamblin | Craig-Hallum | Raises | Buy | $120.00 | $95.00 |
| Janine Stichter | BTIG | Lowers | Buy | $125.00 | $127.00 |
| John Lawrence | Benchmark | Raises | Buy | $110.00 | $88.00 |
| Jonathan Komp | Baird | Raises | Neutral | $100.00 | $90.00 |
| Matthew Boss | JP Morgan | Raises | Overweight | $115.00 | $85.00 |
| Max Rakhlenko | TD Cowen | Raises | Buy | $120.00 | $115.00 |
| Janine Stichter | BTIG | Raises | Buy | $127.00 | $100.00 |
| Peter Keith | Piper Sandler | Raises | Overweight | $110.00 | $94.00 |
| Jonathan Komp | Baird | Raises | Neutral | $90.00 | $70.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Boot Barn Holdings. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Boot Barn Holdings compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Boot Barn Holdings's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Boot Barn Holdings's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Boot Barn Holdings analyst ratings.
Delving into Boot Barn Holdings's Background
Boot Barn Holdings Inc operates specialty retail stores. The company sells western and work-related footwear, apparel, and accessories in the United States. It is a single operating segment, which includes net sales generated from its retail stores and e-commerce websites.
Boot Barn Holdings: Delving into Financials
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Boot Barn Holdings's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -8.74%. This indicates a decrease in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Boot Barn Holdings's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 7.58%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Boot Barn Holdings's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.17%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Boot Barn Holdings's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.74%, the company showcases efficient use of assets and strong financial health.
Debt Management: Boot Barn Holdings's debt-to-equity ratio is below the industry average at 0.49, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Core of Analyst Ratings: What Every Investor Should Know
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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