Boot Barn Holdings Inc (NYSE: BOOT) stock closed at $129.38 on 10/29/24 after a major decline of -19.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 765% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -22.6% 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). 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 40 but a very high Power Rating of 99, and the Positive Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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