Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Boot Barn Holdings Inc (NYSE: BOOT) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 5/24/24, Boot Barn Holdings Inc (NYSE: BOOT) stock increased 1.8%, closing at $113.25. However, trading volume in this advance was unusually low at 63% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, BOOT is expected to continue to be a Value Builder.
Boot Barn Holdings has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Boot Barn Holdings has a neutral Appreciation Score of 48 but a good Power Rating of 83, producing the Positive Value Trend Rating.
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