What Analysts Are Saying About Boot Barn Holdings Stock
Portfolio Pulse from Benzinga Insights
Analysts have updated their ratings on Boot Barn Holdings (NYSE:BOOT), with a mix of bullish to bearish sentiments. The average 12-month price target is now $94.25, up 6.2% from the previous $88.75. Recent actions include both raised and lowered price targets by analysts from Piper Sandler, Baird, and B. Riley Securities. Boot Barn's financials show positive revenue growth but below-average ROE, with strong net margin and ROA, and a prudent debt management strategy.
April 16, 2024 | 12:02 pm
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POSITIVE IMPACT
Boot Barn Holdings sees mixed analyst sentiments with an updated average 12-month price target of $94.25, indicating a positive outlook based on recent financial performance and analyst evaluations.
The increase in the average price target to $94.25, along with a mix of bullish and bearish ratings, suggests a cautiously optimistic outlook for Boot Barn Holdings. The company's positive revenue growth, strong net margin, and ROA, coupled with prudent debt management, contribute to this perspective. However, the below-average ROE indicates potential challenges in generating shareholder returns, which might temper the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100