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Examining the Potential Price Growth of Boot Barn Holdings Inc (BOOT)

In a filing, Boot Barn Holdings Inc revealed its Director MACDONALD ANNE unloaded Company’s shares for reported $0.23 million on Aug 30 ’24. In the deal valued at $135.20 per share,1,698 shares were sold. As a result of this transaction, MACDONALD ANNE now holds 0 shares worth roughly $0.0.

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Then, MACDONALD ANNE bought 1,698 shares, generating $229,570 in total proceeds.

Before that, Morris Brenda I sold 1,500 shares. Boot Barn Holdings Inc shares valued at $165,165 were divested by the Director at a price of $110.11 per share. As a result of the transaction, Morris Brenda I now holds 4,546 shares, worth roughly $0.61 million.

UBS downgraded its Boot Barn Holdings Inc [BOOT] rating to a Neutral from a a Buy in a research note published on July 24, 2024; the price target was decreased to $125 from $140. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in mid July has reiterated a ‘”a Buy”‘ rating for it. KeyBanc Capital Markets began covering BOOT with “Sector weight” recommendation on February 07, 2024. BTIG Research maintained its rating on February 01, 2024. It rated BOOT as “a Buy”.

Price Performance Review of BOOT

On Friday, Boot Barn Holdings Inc [NYSE:BOOT] saw its stock fall -2.49% to $134.17. Over the last five days, the stock has lost -5.77%. Boot Barn Holdings Inc shares have risen nearly 74.79% since the year began. Nevertheless, the stocks have risen 47.85% over the past one year. While a 52-week high of $143.57 was reached on 08/26/24, a 52-week low of $66.73 was recorded on 01/04/24. SMA at 50 days reached $129.66, while 200 days put it at $101.23.

Levels Of Support And Resistance For BOOT Stock

The 24-hour chart illustrates a support level at 131.87, which if violated will result in even more drops to 129.57. On the upside, there is a resistance level at 137.43. A further resistance level may holdings at 140.69. The Relative Strength Index (RSI) on the 14-day chart is 50.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.31%. Stochastics %K at 37.74% indicates the stock is a holding.

How much short interest is there in Boot Barn Holdings Inc?

A steep rise in short interest was recorded in Boot Barn Holdings Inc stocks on 2024-08-15, dropping by -0.42 million shares to a total of 3.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 3.53 million shares. There was a decline of -13.57%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on February 01, 2024 when B. Riley Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $83.

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