Boot Barn (NYSE:BOOT) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of $1.42-1.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.53. Boot Barn also updated its FY 2020 guidance to $1.42-1.50 EPS.
Several brokerages recently weighed in on BOOT. Zacks Investment Research upgraded Boot Barn from a hold rating to a buy rating and set a $35.00 target price for the company in a research note on Tuesday, April 9th. Pivotal Research downgraded Boot Barn from a buy rating to a hold rating and raised their price objective for the stock from $28.00 to $30.00 in a research report on Monday. ValuEngine upgraded Boot Barn from a hold rating to a buy rating in a research report on Wednesday, March 27th. Sidoti began coverage on Boot Barn in a research report on Thursday, March 14th. They issued a buy rating for the company. Finally, Piper Jaffray Companies raised their price objective on Boot Barn from $33.00 to $41.00 and gave the stock an overweight rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $30.63.
Shares of NYSE BOOT traded up $0.37 during midday trading on Thursday, hitting $27.38. The stock had a trading volume of 1,014,907 shares, compared to its average volume of 914,062. The stock has a market capitalization of $743.07 million, a P/E ratio of 39.11, a price-to-earnings-growth ratio of 0.84 and a beta of 2.25. Boot Barn has a fifty-two week low of $15.01 and a fifty-two week high of $32.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.40 and a current ratio of 1.62.
In other news, Director Brenda I. Morris sold 7,000 shares of Boot Barn stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $28.04, for a total value of $196,280.00. Following the completion of the sale, the director now directly owns 17,724 shares of the company’s stock, valued at approximately $496,980.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by company insiders.
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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, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.
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