Boot Barn Holdings, Inc. (BOOT) Given Average Rating of “Buy” by Analysts
Boot Barn Holdings, Inc. (NYSE:BOOT) has received a consensus recommendation of “Buy” from the ten brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $10.11.
Several analysts recently commented on BOOT shares. Zacks Investment Research upgraded shares of Boot Barn Holdings from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Tuesday. Piper Jaffray Companies reiterated a “buy” rating on shares of Boot Barn Holdings in a research note on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Boot Barn Holdings in a research report on Tuesday, July 4th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $7.00 target price (down previously from $11.00) on shares of Boot Barn Holdings in a research report on Tuesday, June 6th. Finally, Robert W. Baird upgraded shares of Boot Barn Holdings from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $10.00 to $11.00 in a research report on Friday, August 4th.
Boot Barn Holdings (BOOT) traded up 0.93% during midday trading on Wednesday, hitting $8.72. 423,349 shares of the company traded hands. Boot Barn Holdings has a 12-month low of $5.90 and a 12-month high of $17.26. The stock has a 50 day moving average price of $8.42 and a 200-day moving average price of $8.38. The company has a market cap of $231.88 million, a PE ratio of 16.18 and a beta of 1.29.
Boot Barn Holdings (NYSE:BOOT) last issued its earnings results on Tuesday, August 1st. The company reported $0.03 earnings per share for the quarter. The company had revenue of $139.40 million for the quarter, compared to the consensus estimate of $139.00 million. Boot Barn Holdings had a return on equity of 8.58% and a net margin of 2.26%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS. Analysts expect that Boot Barn Holdings will post $0.61 EPS for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Trexquant Investment LP acquired a new stake in Boot Barn Holdings in the second quarter valued at approximately $106,000. Gotham Asset Management LLC bought a new stake in Boot Barn Holdings in the first quarter worth approximately $112,000. Capital Fund Management S.A. bought a new stake in Boot Barn Holdings in the second quarter worth approximately $114,000. BlueCrest Capital Management Ltd bought a new stake in Boot Barn Holdings in the second quarter worth approximately $116,000. Finally, Eagle Global Advisors LLC grew its position in Boot Barn Holdings by 97.3% in the second quarter. Eagle Global Advisors LLC now owns 22,630 shares of the company’s stock worth $160,000 after acquiring an additional 11,160 shares in the last quarter.
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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