Shares of Boot Barn Holdings Inc (NYSE:BOOT) have been given an average recommendation of “Buy” by the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $35.10.
A number of analysts recently weighed in on BOOT shares. ValuEngine downgraded Boot Barn from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Robert W. Baird cut shares of Boot Barn from an “outperform” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research report on Monday, July 8th. DA Davidson assumed coverage on shares of Boot Barn in a research report on Wednesday, June 19th. They issued a “buy” rating and a $41.00 price target on the stock. Susquehanna Bancshares began coverage on shares of Boot Barn in a research report on Friday, July 12th. They set a “neutral” rating and a $35.00 target price on the stock. Finally, Wells Fargo & Co set a $30.00 price target on shares of Boot Barn and gave the stock a “hold” rating in a research note on Friday, May 17th.
In other Boot Barn news, CEO James Grant Conroy sold 81,224 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $33.00, for a total transaction of $2,680,392.00. Following the sale, the chief executive officer now owns 25,868 shares of the company’s stock, valued at approximately $853,644. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by insiders.
Shares of Boot Barn stock traded down $1.10 on Friday, hitting $30.85. The stock had a trading volume of 669,241 shares, compared to its average volume of 862,593. Boot Barn has a twelve month low of $15.01 and a twelve month high of $39.59. The company has a 50 day moving average price of $33.54. The company has a current ratio of 1.14, a quick ratio of 0.16 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $880.49 million, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.09 and a beta of 2.37.
Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.11. Boot Barn had a return on equity of 15.99% and a net margin of 5.24%. The business had revenue of $185.77 million during the quarter, compared to analysts’ expectations of $179.98 million. During the same period in the previous year, the company posted $0.15 earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities research analysts expect that Boot Barn will post 1.66 EPS for the current year.
About Boot Barn
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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