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KeyBanc Capital Markets upgrades Boot Barn Holdings Inc (BOOT) rating to an Overweight

CHWY Stock

Boot Barn Holdings Inc’s filing revealed that its INTERIM CEO Hazen John unloaded Company’s shares for reported $0.97 million on Jan 02 ’25. In the deal valued at $152.98 per share,6,311 shares were sold. As a result of this transaction, Hazen John now holds 3,937 shares worth roughly $0.63 million.

Then, Hazen John bought 6,311 shares, generating $965,484 in total proceeds.

Before that, Conroy James Grant sold 53,697 shares. Boot Barn Holdings Inc shares valued at $7,268,261 were divested by the PRESIDENT AND CEO at a price of $135.36 per share. As a result of the transaction, Conroy James Grant now holds 69,943 shares, worth roughly $11.25 million.

KeyBanc Capital Markets upgraded its Boot Barn Holdings Inc [BOOT] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Robert W. Baird revised its rating on October 30, 2024. It rated BOOT as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of BOOT

On Friday, Boot Barn Holdings Inc [NYSE:BOOT] saw its stock fall -7.83% to $160.85. Over the last five days, the stock has lost -4.69%. Boot Barn Holdings Inc shares have risen nearly 5.95% since the year began. Nevertheless, the stocks have risen 117.63% over the past one year. While a 52-week high of $176.64 was reached on 01/29/25, a 52-week low of $71.54 was recorded on 01/14/25. SMA at 50 days reached $151.77, while 200 days put it at $137.42.

Levels Of Support And Resistance For BOOT Stock

The 24-hour chart illustrates a support level at 153.01, which if violated will result in even more drops to 145.18. On the upside, there is a resistance level at 170.92. A further resistance level may holdings at 180.99. The Relative Strength Index (RSI) on the 14-day chart is 50.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 57.36%. Stochastics %K at 74.44% 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 2025-01-15, growing by 0.46 million shares to a total of 2.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.89 million shares. There was a rise of 19.67%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 29, 2024 when BTIG Research resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $185.

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