William Blair started coverage on shares of Boot Barn (NYSE:BOOT) in a research note published on Tuesday, MarketBeat.com reports. The brokerage issued an outperform rating on the stock. William Blair also issued estimates for Boot Barn’s Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.22 EPS, FY2020 earnings at $1.40 EPS and FY2021 earnings at $1.78 EPS.
BOOT has been the topic of several other research reports. Pivotal Research set a $24.00 price objective on shares of Boot Barn and gave the stock a hold rating in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of Boot Barn from a hold rating to a buy rating and set a $26.00 price objective on the stock in a research note on Tuesday, July 17th. Citigroup boosted their price objective on shares of Boot Barn from $28.00 to $33.00 and gave the stock a buy rating in a research note on Friday, September 21st. ValuEngine lowered shares of Boot Barn from a strong-buy rating to a buy rating in a research note on Saturday, October 6th. Finally, TheStreet raised shares of Boot Barn from a c+ rating to a b rating in a research note on Tuesday, August 28th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Boot Barn has a consensus rating of Buy and an average target price of $26.78.
NYSE:BOOT opened at $27.13 on Tuesday. Boot Barn has a one year low of $7.37 and a one year high of $31.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.20 and a current ratio of 1.59. The stock has a market cap of $795.36 million, a P/E ratio of 38.76, a price-to-earnings-growth ratio of 1.15 and a beta of 1.84.
Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. Boot Barn had a net margin of 4.98% and a return on equity of 11.04%. The business had revenue of $161.98 million for the quarter, compared to analyst estimates of $159.57 million. Research analysts anticipate that Boot Barn will post 1.08 EPS for the current fiscal year.
In other Boot Barn news, CEO James Grant Conroy sold 98,870 shares of Boot Barn stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $27.67, for a total value of $2,735,732.90. Following the completion of the transaction, the chief executive officer now directly owns 64,515 shares of the company’s stock, valued at $1,785,130.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Greg Bettinelli sold 4,726 shares of Boot Barn stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $26.18, for a total transaction of $123,726.68. Following the completion of the transaction, the director now directly owns 12,995 shares of the company’s stock, valued at $340,209.10. The disclosure for this sale can be found here. Insiders sold 238,193 shares of company stock valued at $6,841,756 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in Boot Barn by 283.8% in the second quarter. Russell Investments Group Ltd. now owns 243,242 shares of the company’s stock worth $5,053,000 after buying an additional 179,860 shares during the last quarter. Sei Investments Co. purchased a new position in Boot Barn in the second quarter worth about $778,000. Swiss National Bank purchased a new position in Boot Barn in the second quarter worth about $998,000. Acadian Asset Management LLC raised its holdings in Boot Barn by 175.9% in the second quarter. Acadian Asset Management LLC now owns 92,565 shares of the company’s stock worth $1,921,000 after buying an additional 59,010 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Boot Barn by 34.1% in the second quarter. Renaissance Technologies LLC now owns 859,800 shares of the company’s stock worth $17,841,000 after buying an additional 218,700 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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