Evaluating Boot Barn Holdings: Insights From 14 Financial Analysts
In the last three months, 14 analysts have published ratings on Boot Barn Holdings (NYSE:BOOT), offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 10 | 2 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 4 | 1 | 1 | 0 | 0 |
| 3M Ago | 5 | 1 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $129.5, with a high estimate of $154.00 and a low estimate of $100.00. This upward trend is apparent, with the current average reflecting a 19.91% increase from the previous average price target of $108.00.
Deciphering Analyst Ratings: An In-Depth Analysis
In examining recent analyst actions, we gain insights into how financial experts perceive Boot Barn Holdings. The following summary 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 |
|---|---|---|---|---|---|
| Steven Zaccone | Citigroup | Raises | Buy | $154.00 | $122.00 |
| John Lawrence | Benchmark | Raises | Buy | $140.00 | $110.00 |
| Jonathan Komp | Baird | Raises | Neutral | $132.00 | $100.00 |
| 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 |
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: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Boot Barn Holdings compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Boot Barn Holdings's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Boot Barn Holdings analyst ratings.
All You Need to Know About Boot Barn Holdings
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.
Key Indicators: Boot Barn Holdings's Financial Health
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Boot Barn Holdings's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.58% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Boot Barn Holdings's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 3.17%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Boot Barn Holdings's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.74% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Boot Barn Holdings's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.49.
The Core of Analyst Ratings: What Every Investor Should Know
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.