Boot Barn (BOOT) Receiving Somewhat Favorable News Coverage, Study Shows

News headlines about Boot Barn (NYSE:BOOT) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Boot Barn earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.0868401431084 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern’s analysis:

Boot Barn (NYSE:BOOT) opened at $15.30 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 0.16. Boot Barn has a 1 year low of $5.90 and a 1 year high of $15.55. The company has a market cap of $404.01, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 1.59 and a beta of 1.79.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The company had revenue of $143.10 million during the quarter, compared to analysts’ expectations of $139.92 million. Boot Barn had a net margin of 2.32% and a return on equity of 8.70%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS. equities research analysts forecast that Boot Barn will post 0.61 earnings per share for the current fiscal year.

Several equities analysts have commented on BOOT shares. Jefferies Group reissued a “buy” rating on shares of Boot Barn in a research report on Wednesday, October 11th. Robert W. Baird raised their price target on shares of Boot Barn from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research report on Tuesday, October 3rd. J P Morgan Chase & Co raised shares of Boot Barn from a “neutral” rating to an “overweight” rating and set a $17.00 price target for the company in a research report on Wednesday, November 15th. Finally, BidaskClub raised shares of Boot Barn from a “hold” rating to a “buy” rating in a research report on Saturday, November 11th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Boot Barn currently has an average rating of “Buy” and a consensus target price of $11.97.

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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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