Boot Barn (BOOT) Trading 6.7% Higher
Boot Barn Holdings, Inc. (NYSE:BOOT) traded up 6.7% during trading on Tuesday . The stock traded as high as $15.54 and last traded at $15.35. 815,600 shares changed hands during mid-day trading, an increase of 116% from the average session volume of 378,248 shares. The stock had previously closed at $14.39.
Several equities research analysts recently commented on the company. J P Morgan Chase & Co raised Boot Barn from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $9.00 to $17.00 in a research note on Sunday, November 26th. BidaskClub raised Boot Barn from a “hold” rating to a “buy” rating in a research note on Saturday, November 11th. Citigroup boosted their price target on Boot Barn from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research raised Boot Barn from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research note on Tuesday, October 3rd. Finally, Robert W. Baird boosted their price target on Boot Barn from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $11.97.
The company has a market capitalization of $383.74, a PE ratio of 24.81, a PEG ratio of 1.51 and a beta of 1.79. The company has a quick ratio of 0.16, a current ratio of 1.32 and a debt-to-equity ratio of 1.04.
Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, November 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $143.10 million during the quarter, compared to analysts’ expectations of $139.92 million. Boot Barn had a return on equity of 8.70% and a net margin of 2.32%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share. sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 0.61 EPS for the current year.
Institutional investors have recently made changes to their positions in the business. Stephens Investment Management Group LLC boosted its position in Boot Barn by 10.3% during the second quarter. Stephens Investment Management Group LLC now owns 1,355,588 shares of the company’s stock worth $9,598,000 after purchasing an additional 127,021 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Boot Barn by 100.7% during the first quarter. Dimensional Fund Advisors LP now owns 341,122 shares of the company’s stock worth $3,374,000 after buying an additional 171,147 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Boot Barn by 67.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 43,330 shares of the company’s stock worth $307,000 after buying an additional 17,420 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Boot Barn by 3.5% during the third quarter. Frontier Capital Management Co. LLC now owns 2,487,413 shares of the company’s stock worth $22,138,000 after buying an additional 84,222 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Boot Barn by 7.9% during the second quarter. Northern Trust Corp now owns 345,576 shares of the company’s stock worth $2,447,000 after buying an additional 25,191 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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