Boot Barn (NYSE:BOOT)‘s stock had its “hold” rating reiterated by investment analysts at Pivotal Research in a note issued to investors on Thursday, TipRanks reports. They presently have a $22.00 price target on the stock. Pivotal Research’s target price indicates a potential upside of 5.06% from the company’s previous close.
Several other brokerages have also issued reports on BOOT. Wells Fargo & Co lifted their price target on Boot Barn from $15.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Thursday. JPMorgan Chase & Co. lowered Boot Barn from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $47.00 to $32.00 in a research note on Monday, March 9th. Citigroup boosted their target price on Boot Barn from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday. TheStreet lowered Boot Barn from a “b-” rating to a “c+” rating in a research note on Wednesday, March 25th. Finally, Robert W. Baird boosted their target price on Boot Barn from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Boot Barn currently has a consensus rating of “Hold” and an average target price of $26.50.
Shares of BOOT stock opened at $20.94 on Thursday. The company has a quick ratio of 0.25, a current ratio of 1.23 and a debt-to-equity ratio of 0.83. The business has a 50-day moving average price of $16.57 and a two-hundred day moving average price of $31.23. Boot Barn has a 12-month low of $8.03 and a 12-month high of $48.11. The firm has a market cap of $645.34 million, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 0.85 and a beta of 2.91.
Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.12). Boot Barn had a return on equity of 15.54% and a net margin of 5.67%. The firm had revenue of $188.63 million for the quarter, compared to the consensus estimate of $194.10 million. During the same period last year, the firm earned $0.32 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, research analysts expect that Boot Barn will post 1.26 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Boot Barn by 35.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,124 shares of the company’s stock valued at $27,000 after purchasing an additional 556 shares during the last quarter. NEXT Financial Group Inc bought a new position in Boot Barn during the 4th quarter valued at approximately $38,000. Point72 Hong Kong Ltd bought a new position in Boot Barn during the 4th quarter valued at approximately $40,000. Swiss National Bank raised its position in Boot Barn by 1.7% during the 1st quarter. Swiss National Bank now owns 55,400 shares of the company’s stock valued at $716,000 after purchasing an additional 900 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in Boot Barn by 2,925.8% during the 4th quarter. Advisory Services Network LLC now owns 938 shares of the company’s stock valued at $42,000 after purchasing an additional 907 shares during the last quarter.
Boot Barn Company Profile
Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.
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