Susquehanna Bancshares assumed coverage on shares of Boot Barn (NYSE:BOOT) in a research note published on Friday, BenzingaRatingsTable reports. The firm issued a neutral rating and a $35.00 price target on the stock.
Other equities research analysts also recently issued reports about the company. Pivotal Research downgraded Boot Barn from a buy rating to a hold rating and boosted their price target for the company from $28.00 to $30.00 in a report on Monday, May 13th. DA Davidson initiated coverage on Nomad Foods in a report on Wednesday, June 19th. They issued a buy rating and a $26.00 price target for the company. Robert W. Baird initiated coverage on Intellia Therapeutics in a report on Monday, July 8th. They issued an outperform rating and a $23.00 price target for the company. Wells Fargo & Co set a $9.00 price target on Bausch Health Companies and gave the company a sell rating in a report on Friday, May 17th. Finally, Sidoti initiated coverage on Boot Barn in a report on Thursday, March 14th. They issued a buy rating for the company. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $33.80.
Shares of NYSE BOOT opened at $35.44 on Friday. Boot Barn has a twelve month low of $15.01 and a twelve month high of $37.15. The company has a quick ratio of 0.24, a current ratio of 1.83 and a debt-to-equity ratio of 0.69. The company has a market cap of $1.00 billion, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 1.38 and a beta of 2.38. The firm has a 50 day moving average price of $32.15.
Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, May 15th. The company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.05. Boot Barn had a return on equity of 14.65% and a net margin of 5.02%. The business had revenue of $192.76 million during the quarter, compared to the consensus estimate of $189.29 million. During the same period in the previous year, the business earned $0.24 EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis. Research analysts forecast that Boot Barn will post 1.51 EPS for the current year.
In other Boot Barn news, CEO James Grant Conroy sold 81,224 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $33.00, for a total transaction of $2,680,392.00. Following the completion of the transaction, the chief executive officer now owns 25,868 shares in the company, valued at approximately $853,644. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in BOOT. BlackRock Inc. raised its position in Boot Barn by 1.2% during the fourth quarter. BlackRock Inc. now owns 1,894,425 shares of the company’s stock valued at $32,261,000 after buying an additional 22,632 shares during the period. FMR LLC raised its position in Boot Barn by 15.9% during the first quarter. FMR LLC now owns 1,099,719 shares of the company’s stock valued at $32,376,000 after buying an additional 150,763 shares during the period. Marshall Wace LLP raised its position in Boot Barn by 22.1% during the first quarter. Marshall Wace LLP now owns 1,094,563 shares of the company’s stock valued at $32,223,000 after buying an additional 198,108 shares during the period. OppenheimerFunds Inc. raised its position in Boot Barn by 12.2% during the first quarter. OppenheimerFunds Inc. now owns 934,250 shares of the company’s stock valued at $27,505,000 after buying an additional 101,788 shares during the period. Finally, Northern Trust Corp raised its position in Boot Barn by 4.6% during the fourth quarter. Northern Trust Corp now owns 520,609 shares of the company’s stock valued at $8,866,000 after buying an additional 22,753 shares during the period.
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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