Boot Barn Holdings, Inc. (BOOT) Given Consensus Recommendation of “Hold” by Analysts
Boot Barn Holdings, Inc. (NYSE:BOOT) has been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $10.17.
BOOT has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Boot Barn Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 17th. Zacks Investment Research downgraded shares of Boot Barn Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 1st. Piper Jaffray Companies restated a “buy” rating on shares of Boot Barn Holdings in a research report on Thursday, August 3rd. J P Morgan Chase & Co restated a “neutral” rating and issued a $7.00 price target (down previously from $11.00) on shares of Boot Barn Holdings in a research report on Tuesday, June 6th. Finally, Citigroup Inc. restated a “buy” rating and issued a $9.00 price target (down previously from $14.00) on shares of Boot Barn Holdings in a research report on Monday, June 5th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlueCrest Capital Management Ltd acquired a new position in Boot Barn Holdings during the second quarter worth $116,000. State Street Corp raised its holdings in Boot Barn Holdings by 4.5% during the second quarter. State Street Corp now owns 203,372 shares of the company’s stock worth $1,440,000 after buying an additional 8,835 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Boot Barn Holdings by 83.8% during the second quarter. Dimensional Fund Advisors LP now owns 626,993 shares of the company’s stock worth $4,439,000 after buying an additional 285,871 shares during the last quarter. Northern Trust Corp raised its holdings in Boot Barn Holdings by 7.9% during the second quarter. Northern Trust Corp now owns 345,576 shares of the company’s stock worth $2,447,000 after buying an additional 25,191 shares during the last quarter. Finally, Teachers Advisors LLC raised its holdings in Boot Barn Holdings by 7.1% during the second quarter. Teachers Advisors LLC now owns 28,080 shares of the company’s stock worth $199,000 after buying an additional 1,858 shares during the last quarter.
Shares of Boot Barn Holdings (NYSE BOOT) traded down 2.48% during trading on Friday, reaching $7.88. 154,843 shares of the company traded hands. The firm has a market capitalization of $209.54 million, a price-to-earnings ratio of 14.62 and a beta of 1.26. Boot Barn Holdings has a 12-month low of $5.90 and a 12-month high of $17.26. The company has a 50 day moving average price of $8.09 and a 200 day moving average price of $8.60.
Boot Barn Holdings (NYSE:BOOT) last posted its earnings results on Tuesday, August 1st. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $139.40 million for the quarter, compared to analyst estimates of $139 million. Boot Barn Holdings had a net margin of 2.26% and a return on equity of 8.58%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. On average, equities analysts predict that Boot Barn Holdings will post $0.61 EPS for the current year.
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Boot Barn Holdings Company Profile
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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