Boot Barn Holdings Inc (BOOT) Receives $17.63 Consensus Price Target from Analysts
Boot Barn Holdings Inc (NYSE:BOOT) has received a consensus rating of “Buy” from the twelve brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $17.75.
Several research firms have weighed in on BOOT. Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday. ValuEngine upgraded shares of Boot Barn from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird restated a “buy” rating and issued a $24.00 price objective on shares of Boot Barn in a research report on Thursday, February 1st. Pivotal Research set a $19.00 price target on shares of Boot Barn and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Finally, Wells Fargo & Co set a $20.00 price target on shares of Boot Barn and gave the stock a “hold” rating in a research report on Thursday, January 11th.
In related news, insider Fs Capital Partners Vi, Llc sold 6,413,616 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $17.25, for a total transaction of $110,634,876.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Grant Conroy sold 178,773 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $17.25, for a total transaction of $3,083,834.25. Following the transaction, the chief executive officer now owns 182,580 shares of the company’s stock, valued at approximately $3,149,505. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,643,581 shares of company stock valued at $114,601,772. Corporate insiders own 4.60% of the company’s stock.
Boot Barn (NYSE BOOT) traded up $0.50 on Tuesday, reaching $19.28. 43,209 shares of the company’s stock traded hands, compared to its average volume of 990,336. The company has a quick ratio of 0.22, a current ratio of 1.46 and a debt-to-equity ratio of 0.93. The firm has a market cap of $509.38, a PE ratio of 20.87, a PEG ratio of 1.37 and a beta of 1.71. Boot Barn has a 52-week low of $5.90 and a 52-week high of $20.31.
Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The firm had revenue of $224.70 million during the quarter, compared to analysts’ expectations of $225.00 million. Boot Barn had a net margin of 3.67% and a return on equity of 9.55%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. sell-side analysts expect that Boot Barn will post 0.7 EPS for the current fiscal year.
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Boot Barn Company Profile
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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