Boot Barn Holdings, Inc. (NYSE:BOOT) was upgraded by research analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research report issued on Wednesday.
A number of other brokerages have also recently issued reports on BOOT. Piper Jaffray Companies reissued a “buy” rating on shares of Boot Barn Holdings in a report on Thursday, August 3rd. Zacks Investment Research raised Boot Barn Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Robert W. Baird raised 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 report on Friday, August 4th. Jefferies Group LLC reissued a “buy” rating on shares of Boot Barn Holdings in a report on Wednesday, October 11th. Finally, TheStreet raised Boot Barn Holdings from a “d” rating to a “c” rating in a report on Monday, October 30th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Boot Barn Holdings currently has an average rating of “Buy” and an average target price of $10.72.
Shares of Boot Barn Holdings (NYSE BOOT) opened at $11.69 on Wednesday. Boot Barn Holdings has a 52 week low of $5.90 and a 52 week high of $17.26. The stock has a market capitalization of $314.14, a PE ratio of 20.31, a PEG ratio of 1.27 and a beta of 1.24. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.16 and a current ratio of 1.32.
Boot Barn Holdings (NYSE:BOOT) last announced its earnings results on Thursday, November 2nd. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Boot Barn Holdings had a return on equity of 8.70% and a net margin of 2.32%. The firm had revenue of $143.10 million during the quarter, compared to the consensus estimate of $139.92 million. During the same quarter in the prior year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. research analysts expect that Boot Barn Holdings will post 0.59 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in BOOT. Trexquant Investment LP acquired a new stake in Boot Barn Holdings during the 2nd quarter valued at $106,000. Capital Fund Management S.A. acquired a new stake in Boot Barn Holdings during the 2nd quarter valued at $114,000. BlueCrest Capital Management Ltd acquired a new stake in Boot Barn Holdings during the 2nd quarter valued at $116,000. Cubist Systematic Strategies LLC acquired a new stake in Boot Barn Holdings during the 3rd quarter valued at $151,000. Finally, Eagle Global Advisors LLC increased its holdings in Boot Barn Holdings by 97.3% during the 2nd quarter. Eagle Global Advisors LLC now owns 22,630 shares of the company’s stock valued at $160,000 after purchasing 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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