Sidoti initiated coverage on shares of Boot Barn (NYSE:BOOT) in a research note published on Thursday, The Fly reports. The brokerage issued a buy rating on the stock.
BOOT has been the topic of a number of other research reports. Pivotal Research raised shares of Boot Barn from a hold rating to a buy rating and decreased their target price for the company from $27.00 to $24.00 in a research report on Monday, January 7th. JPMorgan Chase & Co. decreased their target price on shares of Boot Barn from $34.00 to $23.00 and set an overweight rating on the stock in a research report on Monday, January 7th. ValuEngine raised shares of Boot Barn from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Wells Fargo & Co decreased their target price on shares of Boot Barn from $29.00 to $19.00 and set a market perform rating on the stock in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research raised shares of Boot Barn from a hold rating to a buy rating and set a $25.00 target price on the stock in a research report on Wednesday, January 16th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $27.00.
Shares of BOOT traded up $0.15 during mid-day trading on Thursday, reaching $27.27. The stock had a trading volume of 358 shares, compared to its average volume of 941,855. The company has a current ratio of 1.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.71. Boot Barn has a 52-week low of $15.01 and a 52-week high of $31.61. The firm has a market capitalization of $796.36 million, a P/E ratio of 38.94, a P/E/G ratio of 1.14 and a beta of 2.32.
Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Tuesday, February 5th. The company reported $0.66 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.66. Boot Barn had a net margin of 4.93% and a return on equity of 13.54%. The firm had revenue of $254.00 million during the quarter, compared to analyst estimates of $254.55 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Boot Barn’s quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts predict that Boot Barn will post 1.2 earnings per share for the current fiscal year.
In other news, Director Brenda I. Morris sold 7,000 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $28.04, for a total transaction of $196,280.00. Following the sale, the director now owns 17,724 shares of the company’s stock, valued at $496,980.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of BOOT. Point72 Asset Management L.P. acquired a new stake in Boot Barn in the third quarter valued at approximately $25,330,000. Summit Creek Advisors LLC acquired a new stake in Boot Barn in the fourth quarter valued at approximately $7,538,000. Vanguard Group Inc. raised its holdings in Boot Barn by 30.6% in the third quarter. Vanguard Group Inc. now owns 1,814,323 shares of the company’s stock valued at $51,544,000 after acquiring an additional 425,193 shares in the last quarter. Vanguard Group Inc raised its holdings in Boot Barn by 30.6% in the third quarter. Vanguard Group Inc now owns 1,814,323 shares of the company’s stock valued at $51,544,000 after acquiring an additional 425,193 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in Boot Barn by 1,017.3% in the third quarter. Teachers Advisors LLC now owns 456,338 shares of the company’s stock valued at $12,965,000 after purchasing an additional 415,495 shares during the last quarter.
Boot Barn Company Profile
Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.
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