DA Davidson reissued their buy rating on shares of Boot Barn (NYSE:BOOT) in a research note issued to investors on Tuesday morning, The Fly reports. They currently have a $52.00 target price on the stock.
A number of other equities analysts have also recently issued reports on BOOT. Stephens began coverage on shares of Boot Barn in a research note on Tuesday, October 8th. They issued an overweight rating and a $46.00 price target on the stock. ValuEngine upgraded shares of Boot Barn from a sell rating to a hold rating in a research note on Friday, November 1st. Pivotal Research reiterated a hold rating and issued a $46.00 price target (up previously from $40.00) on shares of Boot Barn in a research note on Tuesday. Craig Hallum began coverage on shares of Boot Barn in a research note on Friday, October 4th. They issued a buy rating and a $46.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Boot Barn from a hold rating to a buy rating and set a $53.00 price target on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $44.00.
Shares of BOOT stock opened at $44.79 on Tuesday. Boot Barn has a 12 month low of $20.26 and a 12 month high of $48.11. The stock has a market cap of $1.31 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 1.53 and a beta of 2.27. The company has a current ratio of 1.14, a quick ratio of 0.12 and a debt-to-equity ratio of 0.91. The company’s fifty day moving average price is $43.27 and its 200-day moving average price is $37.04.
Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, October 30th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. Boot Barn had a net margin of 5.51% and a return on equity of 16.61%. The firm had revenue of $187.20 million for the quarter, compared to analysts’ expectations of $184.13 million. During the same quarter in the previous year, the business posted $0.12 EPS. The company’s quarterly revenue was up 11.4% on a year-over-year basis. On average, sell-side analysts forecast that Boot Barn will post 1.77 earnings per share for the current fiscal year.
In related news, CEO James Grant Conroy sold 33,216 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $41.68, for a total value of $1,384,442.88. Also, insider Laurie Marie Grijalva sold 19,625 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $39.91, for a total transaction of $783,233.75. Following the completion of the transaction, the insider now owns 21,747 shares in the company, valued at approximately $867,922.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,111 shares of company stock worth $6,084,607. 1.70% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the business. Private Capital Group LLC raised its position in Boot Barn by 110.6% in the 2nd quarter. Private Capital Group LLC now owns 1,255 shares of the company’s stock worth $26,000 after buying an additional 659 shares during the last quarter. FTB Advisors Inc. purchased a new position in Boot Barn in the 4th quarter worth about $26,000. Meadow Creek Investment Management LLC purchased a new position in Boot Barn in the 2nd quarter worth about $124,000. Glen Harbor Capital Management LLC purchased a new position in Boot Barn in the 2nd quarter worth about $158,000. Finally, Point72 Hong Kong Ltd purchased a new position in Boot Barn in the 2nd quarter worth about $165,000.
About Boot Barn
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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