Other equities analysts have also recently issued research reports about the company. TheStreet upgraded Boot Barn from a d rating to a c rating in a report on Monday, October 30th. JPMorgan Chase & Co. upgraded Boot Barn from a neutral rating to an overweight rating and boosted their price objective for the company from $9.00 to $17.00 in a report on Sunday, November 26th. Jefferies Group restated a buy rating and set a $20.00 price objective on shares of Boot Barn in a report on Monday, December 18th. Citigroup boosted their price objective on Boot Barn from $10.00 to $12.00 and gave the company a buy rating in a report on Friday, November 3rd. Finally, BidaskClub upgraded Boot Barn from a hold rating to a buy rating in a report on Saturday, November 11th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $13.64.
Boot Barn (NYSE:BOOT) traded up $0.24 during midday trading on Thursday, hitting $19.25. The stock had a trading volume of 540,400 shares, compared to its average volume of 515,867. The company has a market cap of $514.04, a P/E ratio of 35.00, a P/E/G ratio of 1.93 and a beta of 1.79. The company has a current ratio of 1.32, a quick ratio of 0.16 and a debt-to-equity ratio of 1.04. Boot Barn has a 52-week low of $5.90 and a 52-week high of $19.66.
Boot Barn (NYSE:BOOT) last released its earnings results on Thursday, November 2nd. The company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The firm had revenue of $143.10 million for the quarter, compared to the consensus estimate of $139.92 million. Boot Barn had a return on equity of 8.70% and a net margin of 2.32%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS. research analysts expect that Boot Barn will post 0.64 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of BOOT. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Boot Barn in the 3rd quarter worth $3,674,000. GMT Capital Corp purchased a new stake in shares of Boot Barn in the 3rd quarter worth $3,492,000. Franklin Resources Inc. lifted its holdings in shares of Boot Barn by 26.1% in the 2nd quarter. Franklin Resources Inc. now owns 1,840,355 shares of the company’s stock worth $13,030,000 after buying an additional 381,163 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Boot Barn by 83.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 626,993 shares of the company’s stock worth $4,439,000 after buying an additional 285,871 shares during the period. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Boot Barn by 15.7% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,568,993 shares of the company’s stock worth $13,964,000 after buying an additional 213,405 shares during the period.
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About Boot Barn
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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