Evaluating Boot Barn Holdings: Insights From 4 Financial Analysts
Portfolio Pulse from Benzinga Insights
Boot Barn Holdings (NYSE:BOOT) has been evaluated by 4 analysts over the last three months, with 3 bullish and 1 somewhat bullish ratings. The average 12-month price target is now $98.75, down from $118.00, with a high estimate of $108.00 and a low of $92.00. Analysts from UBS, B. Riley Securities, Piper Sandler, and Citigroup have provided recent evaluations, with two lowering their price targets. Boot Barn Holdings operates specialty retail stores and has shown a revenue growth of 6.52% as of September 30, 2023, a net margin of 7.39%, but an ROE below industry averages at 3.32%.

January 05, 2024 | 2:00 pm
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Boot Barn Holdings has received mostly bullish ratings from analysts, but the average price target has decreased to $98.75, indicating a potential downside based on recent analyst actions.
The decrease in the average price target suggests that analysts expect a potential decline in BOOT's stock price. This could influence investor sentiment and lead to a short-term negative impact on the stock. The relevance is high as the article directly discusses analyst ratings and price targets for BOOT. The importance is significant as analyst ratings can sway investor decisions, but not at the highest level since market conditions and company performance can also drive stock movements. The confidence level is set at 80 due to the clear consensus among analysts and the reported financial metrics.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100