Boot Barn (NYSE:BOOT – Get Free Report)’s stock had its “hold” rating reaffirmed by equities researchers at Williams Trading in a note issued to investors on Tuesday, Benzinga reports.
Several other research firms have also recently weighed in on BOOT. Citigroup dropped their price target on shares of Boot Barn from $116.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Piper Sandler dropped their price target on shares of Boot Barn from $120.00 to $99.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. StockNews.com raised shares of Boot Barn from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. UBS Group raised shares of Boot Barn from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $75.00 to $108.00 in a research report on Friday, January 5th. Finally, B. Riley assumed coverage on shares of Boot Barn in a research report on Tuesday, November 21st. They set a “buy” rating and a $92.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.30.
Boot Barn Stock Performance
Shares of BOOT traded down $1.51 during mid-day trading on Tuesday, hitting $70.87. 531,686 shares of the company were exchanged, compared to its average volume of 1,080,929. Boot Barn has a 1-year low of $64.33 and a 1-year high of $104.91. The company has a 50 day moving average of $74.40 and a 200-day moving average of $81.85. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 5.41 and a beta of 2.25.
Boot Barn (NYSE:BOOT – Get Free Report) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $374.46 million during the quarter, compared to the consensus estimate of $378.44 million. Boot Barn had a net margin of 9.49% and a return on equity of 20.28%. Research analysts anticipate that Boot Barn will post 4.93 earnings per share for the current fiscal year.
In other Boot Barn news, CFO James M. Watkins sold 15,099 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $75.19, for a total transaction of $1,135,293.81. Following the transaction, the chief financial officer now directly owns 12,819 shares of the company’s stock, valued at approximately $963,860.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by insiders.
Institutional Trading of Boot Barn
Hedge funds and other institutional investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new stake in Boot Barn during the third quarter worth about $221,000. Geode Capital Management LLC boosted its holdings in Boot Barn by 3.8% during the second quarter. Geode Capital Management LLC now owns 573,745 shares of the company’s stock worth $48,590,000 after buying an additional 21,161 shares in the last quarter. Skylands Capital LLC boosted its holdings in Boot Barn by 11.5% during the second quarter. Skylands Capital LLC now owns 31,059 shares of the company’s stock worth $2,630,000 after buying an additional 3,200 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in Boot Barn by 3.0% during the second quarter. Kennedy Capital Management LLC now owns 190,781 shares of the company’s stock worth $16,157,000 after buying an additional 5,552 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in Boot Barn during the second quarter worth about $788,000.
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.