Brokerages Set Boot Barn Holdings Inc. (NYSE:BOOT) PT at $10.20
Boot Barn Holdings Inc. (NYSE:BOOT) has earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the firm. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $10.20.
Several equities research analysts recently issued reports on the stock. B. Riley restated a “neutral” rating and issued a $12.00 target price on shares of Boot Barn Holdings in a report on Wednesday, September 14th. JPMorgan Chase & Co. dropped their target price on shares of Boot Barn Holdings from $10.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, July 27th. TheStreet upgraded shares of Boot Barn Holdings from a “sell” rating to a “hold” rating in a report on Friday, July 22nd. Zacks Investment Research upgraded shares of Boot Barn Holdings from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Thursday, July 28th. Finally, Wells Fargo & Co. restated a “hold” rating on shares of Boot Barn Holdings in a report on Wednesday, July 27th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stephens Investment Management Group LLC purchased a new position in Boot Barn Holdings during the second quarter worth $8,171,000. Citadel Advisors LLC boosted its position in Boot Barn Holdings by 1,634.5% in the second quarter. Citadel Advisors LLC now owns 944,701 shares of the company’s stock worth $8,143,000 after buying an additional 890,236 shares during the period. Goldman Sachs Group Inc. boosted its position in Boot Barn Holdings by 23.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,930,117 shares of the company’s stock worth $18,143,000 after buying an additional 363,044 shares during the period. Boston Partners purchased a new position in Boot Barn Holdings during the second quarter worth $2,357,000. Finally, Cannell Capital LLC purchased a new position in Boot Barn Holdings during the second quarter worth $1,334,000.
Shares of Boot Barn Holdings (NYSE:BOOT) opened at 11.38 on Thursday. The company has a 50-day moving average price of $11.61 and a 200-day moving average price of $9.35. The company has a market capitalization of $300.57 million, a price-to-earnings ratio of 36.59 and a beta of 1.48. Boot Barn Holdings has a 12 month low of $5.20 and a 12 month high of $18.50.
Boot Barn Holdings (NYSE:BOOT) last issued its earnings results on Tuesday, July 26th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. Boot Barn Holdings had a net margin of 1.36% and a return on equity of 10.44%. The company had revenue of $133.40 million for the quarter, compared to analysts’ expectations of $130.73 million. During the same quarter last year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was up 39.0% on a year-over-year basis. On average, equities analysts anticipate that Boot Barn Holdings will post $0.68 EPS for the current year.
About Boot Barn Holdings
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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