Boot Barn (BOOT) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Angelo Anderson
May 17, 2018

The Dow Jones Industrial Average rose 0.2 per cent. (BOOT) opened the session with a $21.61 price tag, later ranging from $21.41 to $21.99, the range at which the stock has traded at throughout the day. RSI values range from 0 to 100.

The simple moving average is the most common method used to calculate the moving average of share prices.

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. Increasing the number of time periods in the calculation is an effective way to determine the strength of the long-term trend and/or the likelihood that that trend might reverse itself. But that can be left up to the decision maker. The shares were sold at an average price of $18.50, for a total transaction of $496,965.50. Extending back, their stock is trading 38.93% from the 50-Day Simple Moving Average, looking even further back, they are trading 83.01% off of the 200-Day Simple Moving Average. The stock, as of last trade, has shown weekly return of 5.17%, which was maintained at 14.65% in 1-month 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.

Let's take an assessment at how Boot Barn Holdings, Inc. has been performing. 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.

The Relative Strength Index (RSI) is a highly popular technical indicator. The Stock Gem (TSG) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument, unless that information is subsequently confirmed on your own. One of the most popular time frames using RSI is the 14-day. Analysts mean recommendation for the stock is 1.90.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, January 31st. The stock is showing 32.21% so far this year and moved 8.50% during recent week. Looking deep into the volatility of the stock; it remained 2.99% volatile for the week and 3.40% for the month. 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. The number of shares now owned by investors are 27.12 mln. Institutional investors and hedge funds own 93.37% of the company's stock. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Boot Barn during the 4th quarter valued at about $422,000.

On Wednesday, Shares of Boot Barn Holdings, Inc. flaunted 12.80% to reach at $24.77 during previous trading session. Now the stock price is moving 11.73% off from the highest level of twelve months and +319.84% above from twelve months low. Boot Barn has a fifty-two week low of $21.42 and a fifty-two week high of $21.95.

Is The Stock Safe to Invest? Over the past 4 weeks, shares have moved 25.2%.

Sell-side Street analysts often offer stock ratings for companies that they cover. (NYSE:BOOT) is presently 1.29. This average rating includes analysts who have given Sell, Buy and Hold ratings on the equity. This rating uses a numerical recommendation scale from 1 to 5. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Robert W. Baird restated a "buy" rating and set a $24.00 target price on shares of Boot Barn in a research note on Thursday, February 1st. The company has a consensus rating of Buy and an average target price of $18.33.

The company, based in Irvine, California, reported that, for the 13-week fourth quarter ended March 31, 2018, net sales increased to $170.8 million, driven by a 12.1% increase in same store sales, with double-digit same store sales growth in both retail stores and online.

Sell-side analyst recommendations point to a short term price target of $54.95 on the shares of D.R. Horton, Inc.

The price target set for the stock is $1.25 and this sets up an interesting set of potential movement for the stock, according to data from FINVIZ's analysis.

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