Why Boot Barn Holdings Inc’s (BOOT) Stock Is Up 4.48% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Boot Barn Holdings Inc before investing.

In this article, we go over a few key elements for understanding Boot Barn Holdings Inc’s stock price such as:

Before we jump into Boot Barn Holdings Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Boot Barn Holdings, Inc. is a lifestyle retailer of western and work-related footwear, apparel, and accessories in the United States. The Company operates through two segments: retail stores and e-commerce. The retail segment is a specialty retail store that sells western and work boots and related apparel and accessories. Its e-commerce segment sells its merchandise via the Internet. The Company carries an assortment of denim, western shirts, cowboy hats, belts and belt buckles, western-style jewelry, and accessories. The western assortment includes various brands, such as Ariat, Cinch, Cody James, Corral, Dan Post, Durango, El Dorado, Idyllwind, Justin, Laredo, Lucchese, Miss Me, Montana Silversmiths, Moonshine Spirit, Shyanne, Stetson, Tony Lama, Twisted X, Resistol and Wrangler. The work assortment includes rugged footwear, outerwear, overalls, denim, and shirts. Its other brand includes Dickies, Carhartt, Wolverine, and Hawx. It operates approximately 403 stores in 45 states.

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As of June 04, 2024, 4:00 PM, CST, Boot Barn Holdings Inc’s stock price was $128.67.

Boot Barn Holdings Inc is up 4.48% from its previous closing price of $123.15.

During the last market session, Boot Barn Holdings Inc’s stock traded between $120.84 and $125.94. Currently, there are 30.32 million shares of Boot Barn Holdings Inc stock available for purchase.

Boot Barn Holdings Inc’s price-earnings (P/E) ratio is currently at 25.6, which is high compared to the Retailers - Apparel & Accessories industry median of 14.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Boot Barn Holdings Inc’s (BOOT) price is currently up 8.19% so far this month.

During the month of June, Boot Barn Holdings Inc’s stock price has reached a high of $129.95 and a low of $120.84.

Over the last year, Boot Barn Holdings Inc has hit prices as high as $125.37 and as low as $66.73. Year to date, Boot Barn Holdings Inc’s stock is up 105.81%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 03, 2024, there were 10 analysts who downgraded Boot Barn Holdings Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Boot Barn Holdings Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Boot Barn Holdings Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Boot Barn Holdings Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Boot Barn Holdings Inc (BOOT) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 03, 2024, Boot Barn Holdings Inc has a weighted four-quarter relative price strength of 15.95%, which translates to a Momentum Score of 91 and is considered to be Very Strong.

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As of June 4, 2024, Boot Barn Holdings Inc’s stock price is $128.67, which is up 4.48% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Boot Barn Holdings Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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