A number of other research analysts also recently weighed in on the stock. Robert W. Baird restated a buy rating and set a $11.00 price objective on shares of Boot Barn in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of Boot Barn from a hold rating to a buy rating and set a $9.75 price objective on the stock in a research report on Tuesday, October 3rd. BidaskClub upgraded shares of Boot Barn from a hold rating to a buy rating in a research report on Saturday, November 11th. Citigroup increased their price target on shares of Boot Barn from $10.00 to $12.00 and gave the stock a buy rating in a research report on Friday, November 3rd. Finally, TheStreet upgraded shares of Boot Barn from a d rating to a c rating in a research report on Monday, October 30th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $13.64.
Shares of Boot Barn (BOOT) traded up $0.24 on Monday, reaching $19.25. 540,466 shares of the company’s stock were exchanged, compared to its average volume of 365,098. The stock has a market capitalization of $506.94, a PE ratio of 34.38, a PEG ratio of 1.91 and a beta of 1.79. The company has a current ratio of 1.32, a quick ratio of 0.16 and a debt-to-equity ratio of 1.04. Boot Barn has a twelve month low of $5.90 and a twelve month high of $19.66.
Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. Boot Barn had a net margin of 2.32% and a return on equity of 8.70%. The firm had revenue of $143.10 million for the quarter, compared to analysts’ expectations of $139.92 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. sell-side analysts forecast that Boot Barn will post 0.64 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. grew its stake in shares of Boot Barn by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 42,544 shares of the company’s stock worth $302,000 after buying an additional 228 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Boot Barn by 7.1% in the 2nd quarter. Teachers Advisors LLC now owns 28,080 shares of the company’s stock worth $199,000 after buying an additional 1,858 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Boot Barn by 3.3% in the 1st quarter. Geode Capital Management LLC now owns 101,834 shares of the company’s stock worth $1,007,000 after acquiring an additional 3,224 shares during the last quarter. State Street Corp lifted its holdings in shares of Boot Barn by 4.5% in the 2nd quarter. State Street Corp now owns 203,372 shares of the company’s stock worth $1,440,000 after acquiring an additional 8,835 shares during the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Boot Barn by 1.8% in the 3rd quarter. Citadel Advisors LLC now owns 540,305 shares of the company’s stock worth $4,808,000 after acquiring an additional 9,437 shares during the last quarter.
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About Boot Barn
Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.
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