Shares of Boot Barn Holdings (NYSE:BOOT) have received a consensus rating of “Buy” from the twelve brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $17.75.
Several equities research analysts recently issued reports on the stock. Pivotal Research set a $19.00 target price on shares of Boot Barn and gave the stock a “hold” rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, February 1st. Jefferies Group restated a “buy” rating and issued a $20.00 target price on shares of Boot Barn in a report on Monday, December 18th. ValuEngine upgraded shares of Boot Barn from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Robert W. Baird reiterated a “buy” rating and set a $24.00 price target on shares of Boot Barn in a research note on Thursday, February 1st.
BOOT stock traded down $0.66 on Wednesday, hitting $17.07. The company had a trading volume of 87,587 shares, compared to its average volume of 737,505. Boot Barn has a 12-month low of $5.90 and a 12-month high of $20.31. The company has a current ratio of 1.46, a quick ratio of 0.22 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $480.90, a P/E ratio of 31.09, a P/E/G ratio of 1.23 and a beta of 1.59.
Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, January 31st. The company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. Boot Barn had a net margin of 3.67% and a return on equity of 9.55%. The company had revenue of $224.70 million for the quarter, compared to analysts’ expectations of $225.00 million. During the same quarter last year, the company posted $0.39 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. equities analysts predict that Boot Barn will post 0.7 earnings per share for the current year.
In related news, insider Fs Capital Partners Vi, Llc sold 6,413,616 shares of Boot Barn stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $17.25, for a total transaction of $110,634,876.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Laurie Marie Grijalva sold 12,387 shares of Boot Barn stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $18.50, for a total transaction of $229,159.50. Following the transaction, the insider now owns 19,635 shares in the company, valued at approximately $363,247.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,682,831 shares of company stock worth $115,327,897. 4.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new stake in Boot Barn in the 3rd quarter valued at $151,000. The Manufacturers Life Insurance Company increased its holdings in Boot Barn by 811.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 9,908 shares of the company’s stock valued at $165,000 after acquiring an additional 8,821 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in Boot Barn in the 4th quarter valued at $246,000. Acadian Asset Management LLC bought a new stake in Boot Barn in the 4th quarter valued at $348,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Boot Barn in the 4th quarter valued at $422,000.
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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, ladies, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.
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