Brokerages Set Boot Barn Holdings, Inc. (BOOT) Target Price at $10.17
Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $10.17.
A number of analysts have recently commented on BOOT shares. ValuEngine raised Boot Barn Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 17th. B. Riley reaffirmed a “buy” rating and issued a $9.00 price target on shares of Boot Barn Holdings in a research note on Wednesday, May 31st. Zacks Investment Research cut Boot Barn Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 1st. Jefferies Group LLC set a $12.00 price target on Boot Barn Holdings and gave the company a “buy” rating in a research note on Saturday, June 3rd. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $9.00 price target (down from $14.00) on shares of Boot Barn Holdings in a research note on Monday, June 5th.
Shares of Boot Barn Holdings (BOOT) traded down 3.92% on Friday, hitting $8.33. 145,478 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $8.19 and its 200 day moving average price is $8.52. Boot Barn Holdings has a 1-year low of $5.90 and a 1-year high of $17.26. The company has a market cap of $221.51 million, a price-to-earnings ratio of 15.45 and a beta of 1.26.
Boot Barn Holdings (NYSE:BOOT) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.03 EPS for the quarter. The company had revenue of $139.40 million during the quarter, compared to analysts’ expectations of $139.00 million. Boot Barn Holdings had a return on equity of 8.58% and a net margin of 2.26%. Boot Barn Holdings’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 EPS. On average, equities research analysts expect that Boot Barn Holdings will post $0.61 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of BOOT. 1060 Capital LLC acquired a new position in Boot Barn Holdings during the 1st quarter worth approximately $4,820,000. Franklin Resources Inc. boosted its position in Boot Barn Holdings by 26.1% during the 2nd quarter. Franklin Resources Inc. now owns 1,840,355 shares of the company’s stock worth $13,030,000 after acquiring an additional 381,163 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Boot Barn Holdings by 83.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 626,993 shares of the company’s stock worth $4,439,000 after acquiring an additional 285,871 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in Boot Barn Holdings by 10.3% during the 2nd quarter. Stephens Investment Management Group LLC now owns 1,355,588 shares of the company’s stock worth $9,598,000 after acquiring an additional 127,021 shares during the last quarter. Finally, Menta Capital LLC boosted its position in Boot Barn Holdings by 137.8% during the 1st quarter. Menta Capital LLC now owns 182,394 shares of the company’s stock worth $1,804,000 after acquiring an additional 105,692 shares during 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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