Boot Barn (NYSE:BOOT) Trading Up 1.6%

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Boot Barn Holdings Inc (NYSE:BOOT) shot up 1.6% during trading on Wednesday . The stock traded as high as $13.90 and last traded at $13.25, 64,338 shares changed hands during trading. A decline of 96% from the average session volume of 1,455,371 shares. The stock had previously closed at $13.04.

Several brokerages have recently commented on BOOT. Wells Fargo & Co reduced their target price on Boot Barn from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, March 16th. Zacks Investment Research downgraded Boot Barn from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Pivotal Research reduced their target price on Boot Barn from $46.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Cowen reduced their target price on Boot Barn from $50.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, March 13th. Finally, DA Davidson reaffirmed a “buy” rating and set a $52.00 target price on shares of Boot Barn in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $39.00.

The firm has a 50 day moving average of $25.98 and a 200-day moving average of $36.45. The stock has a market capitalization of $379.76 million, a PE ratio of 8.03, a P/E/G ratio of 0.36 and a beta of 2.43. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.25 and a current ratio of 1.23.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $284.00 million during the quarter, compared to analysts’ expectations of $278.75 million. Boot Barn had a return on equity of 17.37% and a net margin of 5.99%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. On average, sell-side analysts predict that Boot Barn Holdings Inc will post 1.73 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in BOOT. FTB Advisors Inc. purchased a new stake in shares of Boot Barn during the 4th quarter worth about $26,000. NEXT Financial Group Inc purchased a new stake in shares of Boot Barn during the 4th quarter worth about $38,000. Point72 Hong Kong Ltd purchased a new stake in shares of Boot Barn during the 4th quarter worth about $40,000. Advisory Services Network LLC raised its stake in shares of Boot Barn by 2,925.8% during the 4th quarter. Advisory Services Network LLC now owns 938 shares of the company’s stock worth $42,000 after purchasing an additional 907 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Boot Barn during the 4th quarter worth about $62,000.

About Boot Barn (NYSE:BOOT)

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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