Other equities analysts have also issued reports about the company. B. Riley reaffirmed a buy rating and set a $12.00 price target on shares of Boot Barn Holdings in a research note on Saturday, July 30th. Zacks Investment Research raised Boot Barn Holdings from a hold rating to a buy rating and set a $11.00 price target for the company in a research note on Thursday, July 28th. Jefferies Group increased their price target on Boot Barn Holdings from $12.00 to $13.00 and gave the company a buy rating in a research note on Wednesday, July 27th. Wells Fargo & Co. reaffirmed a hold rating on shares of Boot Barn Holdings in a research note on Wednesday, July 27th. Finally, TheStreet raised Boot Barn Holdings from a sell rating to a hold rating in a research note on Friday, July 22nd. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $10.33.
Shares of Boot Barn Holdings (NYSE:BOOT) opened at 11.01 on Tuesday. The stock has a market cap of $290.80 million, a P/E ratio of 35.40 and a beta of 1.48. Boot Barn Holdings has a 12 month low of $5.20 and a 12 month high of $18.50. The stock has a 50 day moving average price of $11.61 and a 200-day moving average price of $9.34.
Boot Barn Holdings (NYSE:BOOT) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. Boot Barn Holdings had a return on equity of 10.44% and a net margin of 1.36%. The business earned $133.40 million during the quarter, compared to analyst estimates of $130.73 million. During the same period in the prior year, the company posted $0.11 EPS. The business’s revenue for the quarter was up 39.0% compared to the same quarter last year. On average, analysts forecast that Boot Barn Holdings will post $0.68 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. Bayesian Capital Management LP acquired a new stake in Boot Barn Holdings during the first quarter worth about $138,000. Goldman Sachs Group Inc. raised its stake in Boot Barn Holdings by 23.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,930,117 shares of the company’s stock worth $18,143,000 after buying an additional 363,044 shares during the last quarter. BlackRock Inc. raised its stake in Boot Barn Holdings by 10,667.2% in the first quarter. BlackRock Inc. now owns 30,902 shares of the company’s stock worth $291,000 after buying an additional 30,615 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Boot Barn Holdings during the first quarter worth about $133,000. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Boot Barn Holdings by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 311,735 shares of the company’s stock worth $2,930,000 after buying an additional 969 shares during the last quarter.
About Boot Barn Holdings
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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