Jefferies Group LLC Increases Boot Barn Holdings, Inc. (BOOT) Price Target to $13.00
Boot Barn Holdings, Inc. (NYSE:BOOT) had its price objective lifted by investment analysts at Jefferies Group LLC from $12.00 to $13.00 in a note issued to investors on Friday. The brokerage presently has a “buy” rating on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 31.31% from the stock’s previous close.
BOOT has been the subject of a number of other reports. Zacks Investment Research raised Boot Barn Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Piper Jaffray Companies reissued a “buy” rating on shares of Boot Barn Holdings in a report on Thursday, August 3rd. Robert W. Baird reissued a “buy” rating and set a $11.00 price objective on shares of Boot Barn Holdings in a report on Friday, October 13th. Finally, TheStreet raised Boot Barn Holdings from a “d” rating to a “c” rating in a report on Monday, October 30th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $10.72.
Boot Barn Holdings (BOOT) opened at $9.90 on Friday. The firm has a market cap of $263.26, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.24. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.37 and a quick ratio of 0.16.
Boot Barn Holdings (NYSE:BOOT) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. The company had revenue of $143.10 million during the quarter, compared to analysts’ expectations of $139.92 million. Boot Barn Holdings had a return on equity of 8.75% and a net margin of 2.32%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $0.02 earnings per share. equities analysts anticipate that Boot Barn Holdings will post 0.58 EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP bought a new position in shares of Boot Barn Holdings in the second quarter valued at about $106,000. Gotham Asset Management LLC bought a new position in shares of Boot Barn Holdings in the first quarter valued at about $112,000. Capital Fund Management S.A. bought a new position in shares of Boot Barn Holdings in the second quarter valued at about $114,000. BlueCrest Capital Management Ltd bought a new position in shares of Boot Barn Holdings in the second quarter valued at about $116,000. Finally, Eagle Global Advisors LLC raised its holdings in shares of Boot Barn Holdings by 97.3% in the second quarter. Eagle Global Advisors LLC now owns 22,630 shares of the company’s stock valued at $160,000 after buying an additional 11,160 shares during the last quarter.
Boot Barn Holdings Company Profile
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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