Brokerages Set Boot Barn Holdings, Inc. (NYSE:BOOT) Target Price at $88.40

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $88.40.

BOOT has been the subject of several research analyst reports. Citigroup decreased their target price on Boot Barn from $93.00 to $84.00 in a research report on Thursday, May 18th. Robert W. Baird decreased their target price on Boot Barn from $86.00 to $70.00 in a research report on Thursday, May 18th. StockNews.com assumed coverage on Boot Barn in a report on Thursday, May 18th. They issued a “sell” rating for the company. 888 reissued a “maintains” rating on shares of Boot Barn in a report on Thursday, May 18th. Finally, TheStreet raised Boot Barn from a “c+” rating to a “b-” rating in a report on Monday, March 20th.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $67.20 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 0.21 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $72.14 and its two-hundred day simple moving average is $71.07. Boot Barn has a 1-year low of $50.20 and a 1-year high of $88.80. The stock has a market cap of $2.01 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 1.12 and a beta of 2.35.

Boot Barn (NYSE:BOOT – Get Rating) last issued its quarterly earnings data on Wednesday, May 17th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.08. Boot Barn had a return on equity of 24.07% and a net margin of 10.29%. The business had revenue of $425.70 million for the quarter, compared to analysts’ expectations of $441.00 million. During the same period last year, the business earned $1.47 EPS. The business’s revenue was up 11.1% on a year-over-year basis. As a group, analysts forecast that Boot Barn will post 4.92 EPS for the current fiscal year.

Institutional Trading of Boot Barn

Large investors have recently modified their holdings of the business. Cerity Partners LLC bought a new stake in shares of Boot Barn during the 1st quarter valued at about $701,000. Quadrant Capital Group LLC boosted its position in shares of Boot Barn by 103.6% during the 4th quarter. Quadrant Capital Group LLC now owns 625 shares of the company’s stock valued at $39,000 after acquiring an additional 318 shares during the last quarter. Arcadia Investment Management Corp MI boosted its position in shares of Boot Barn by 293.8% during the 1st quarter. Arcadia Investment Management Corp MI now owns 638 shares of the company’s stock valued at $49,000 after acquiring an additional 476 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Boot Barn during the 1st quarter valued at about $68,000. Finally, First Horizon Advisors Inc. lifted its position in Boot Barn by 19.7% in the 4th quarter. First Horizon Advisors Inc. now owns 906 shares of the company’s stock worth $57,000 after buying an additional 149 shares during the last quarter.

About Boot Barn

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Boot Barn Holdings, Inc engages in the operation of retail stores of western and work-related footwear, apparel, and accessories. The firm’s products include boots, jeans, accessories, hats, gifts and home products, and work wear. Its brands include Ariat, Wrangler, Lucchese Boots, Idyllwind, and Cinch.