News headlines about Boot Barn (NYSE:BOOT) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Boot Barn earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.624340258125 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s analysis:
Several analysts recently weighed in on BOOT shares. TheStreet upgraded Boot Barn from a “d” rating to a “c” rating in a research note on Monday, October 30th. Jefferies Group raised their price objective on Boot Barn from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Robert W. Baird raised their price objective on Boot Barn from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Citigroup raised their price objective on Boot Barn from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, BidaskClub upgraded Boot Barn from a “hold” rating to a “buy” rating in a research report on Saturday, November 11th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $17.75.
Boot Barn (BOOT) traded up $0.40 during trading on Tuesday, hitting $18.31. The company had a trading volume of 118,685 shares, compared to its average volume of 992,763. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.46 and a quick ratio of 0.22. The company has a market cap of $497.72, a P/E ratio of 19.90, a PEG ratio of 1.27 and a beta of 1.71. Boot Barn has a 1-year low of $5.90 and a 1-year high of $20.31.
Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.46 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.46. Boot Barn had a return on equity of 9.55% and a net margin of 3.67%. The firm had revenue of $224.70 million during the quarter, compared to analysts’ expectations of $225.00 million. During the same period last year, the firm posted $0.39 EPS. The business’s revenue was up 12.7% on a year-over-year basis. sell-side analysts anticipate that Boot Barn will post 0.7 EPS for the current year.
In other news, insider Fs Capital Partners Vi, Llc sold 6,413,616 shares of Boot Barn stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $17.25, for a total value of $110,634,876.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Grant Conroy sold 178,773 shares of Boot Barn stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $17.25, for a total value of $3,083,834.25. Following the completion of the sale, the chief executive officer now directly owns 182,580 shares of the company’s stock, valued at $3,149,505. The disclosure for this sale can be found here. Insiders have sold a total of 6,643,581 shares of company stock valued at $114,601,772 over the last ninety days. Insiders own 4.60% of the company’s stock.
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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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