Citigroup Inc. Boosts Boot Barn Holdings, Inc. (BOOT) Price Target to $12.00
Boot Barn Holdings, Inc. (NYSE:BOOT) had its price target lifted by equities research analysts at Citigroup Inc. from $10.00 to $12.00 in a research note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Citigroup Inc.’s target price points to a potential upside of 21.21% from the company’s previous close.
A number of other analysts have also weighed in on the company. Robert W. Baird increased their target price on Boot Barn Holdings from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Group LLC increased their target price on Boot Barn Holdings from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday. TheStreet upgraded Boot Barn Holdings from a “d” rating to a “c” rating in a research note on Monday, October 30th. Zacks Investment Research upgraded Boot Barn Holdings from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research note on Tuesday, October 3rd. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of Boot Barn Holdings in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $10.72.
Boot Barn Holdings (NYSE BOOT) traded up $1.79 during trading hours on Friday, reaching $9.90. The company had a trading volume of 2,660,938 shares, compared to its average volume of 299,314. The company has a market cap of $263.26, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.24. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.16 and a current ratio of 1.37.
Boot Barn Holdings (NYSE:BOOT) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Boot Barn Holdings had a return on equity of 8.75% and a net margin of 2.32%. The company had revenue of $143.10 million for the quarter, compared to analyst estimates of $139.92 million. During the same quarter in the prior year, the firm posted $0.02 EPS. Boot Barn Holdings’s quarterly revenue was up 6.8% compared to the same quarter last year. equities analysts forecast that Boot Barn Holdings will post 0.58 EPS for the current year.
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Hedge funds have recently modified their holdings of the stock. Stephens Investment Management Group LLC boosted its position in Boot Barn Holdings by 10.3% during the second quarter. Stephens Investment Management Group LLC now owns 1,355,588 shares of the company’s stock valued at $9,598,000 after purchasing an additional 127,021 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Boot Barn Holdings by 100.7% during the first quarter. Dimensional Fund Advisors LP now owns 341,122 shares of the company’s stock valued at $3,374,000 after purchasing an additional 171,147 shares in the last quarter. Gotham Asset Management LLC bought a new stake in Boot Barn Holdings during the first quarter valued at about $112,000. North Star Investment Management Corp. boosted its position in Boot Barn Holdings by 26.2% during the second quarter. North Star Investment Management Corp. now owns 130,100 shares of the company’s stock valued at $921,000 after purchasing an additional 27,000 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in Boot Barn Holdings by 67.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 43,330 shares of the company’s stock valued at $307,000 after purchasing an additional 17,420 shares in the last quarter.
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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