Boot Barn (NYSE:BOOT) had its price objective lifted by JPMorgan Chase & Co. from $22.00 to $35.00 in a research report released on Monday morning, The Fly reports. They currently have a neutral rating on the stock.
BOOT has been the subject of several other research reports. 140166 upgraded Boot Barn from a negative rating to a neutral rating and set a $28.00 target price for the company in a research note on Monday, October 12th. Zacks Investment Research cut Boot Barn from a hold rating to a sell rating in a research note on Wednesday, October 14th. Pivotal Research boosted their target price on Boot Barn from $21.00 to $30.00 and gave the stock a hold rating in a research note on Wednesday, October 21st. DA Davidson boosted their price objective on Boot Barn from $27.00 to $31.00 in a research note on Thursday, August 13th. Finally, Piper Sandler cut Boot Barn from an overweight rating to a neutral rating and reduced their price objective for the company from $25.00 to $24.00 in a research note on Wednesday, August 5th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $30.62.
BOOT stock opened at $33.43 on Monday. The business has a 50 day moving average price of $30.46 and a 200 day moving average price of $23.71. The stock has a market cap of $964.66 million, a price-to-earnings ratio of 25.91, a PEG ratio of 1.51 and a beta of 2.89. Boot Barn has a fifty-two week low of $8.03 and a fifty-two week high of $48.11. The company has a quick ratio of 0.36, a current ratio of 1.25 and a debt-to-equity ratio of 0.34.
Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, October 28th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. Boot Barn had a return on equity of 11.39% and a net margin of 4.67%. As a group, sell-side analysts anticipate that Boot Barn will post 1.11 EPS for the current year.
Several large investors have recently added to or reduced their stakes in BOOT. Morgan Stanley increased its holdings in shares of Boot Barn by 332.8% in the first quarter. Morgan Stanley now owns 698,068 shares of the company’s stock valued at $9,025,000 after purchasing an additional 536,775 shares during the period. Ziegler Capital Management LLC acquired a new position in shares of Boot Barn in the second quarter valued at approximately $7,446,000. Aperture Investors LLC acquired a new position in shares of Boot Barn in the second quarter valued at approximately $300,000. Tributary Capital Management LLC increased its holdings in shares of Boot Barn by 67.2% in the second quarter. Tributary Capital Management LLC now owns 612,050 shares of the company’s stock valued at $13,196,000 after purchasing an additional 246,050 shares during the period. Finally, Phocas Financial Corp. acquired a new position in shares of Boot Barn in the second quarter valued at approximately $5,155,000.
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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