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Investing in Boot Barn Holdings Inc (BOOT) Is Getting More Attractive

Boot Barn Holdings Inc’s recent filing unveils 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 $ 0.54 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 $9.6 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 jump 1.86% to $137.26. Over the last five days, the stock has lost -1.92%. Boot Barn Holdings Inc shares have fallen nearly -9.59% since the year began. Nevertheless, the stocks have risen 57.17% over the past one year. While a 52-week high of $176.64 was reached on 01/29/25, a 52-week low of $82.67 was recorded on 02/12/25. SMA at 50 days reached $151.98, while 200 days put it at $139.15.

Levels Of Support And Resistance For BOOT Stock

The 24-hour chart illustrates a support level at 135.50, which if violated will result in even more drops to 133.73. On the upside, there is a resistance level at 138.77. A further resistance level may holdings at 140.27. The Relative Strength Index (RSI) on the 14-day chart is 37.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.80%. Stochastics %K at 11.66% indicates the stock is a buying.

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 2025-01-31, growing by 0.43 million shares to a total of 2.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 1.89 million shares. There was a rise of 18.42%, 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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