Boot Barn (NYSE:BOOT) has been given a $30.00 price objective by Wells Fargo & Co in a report issued on Friday, TipRanks reports. The firm currently has a “hold” rating on the stock. Wells Fargo & Co‘s price objective would indicate a potential upside of 13.90% from the stock’s current price.
BOOT has been the topic of several other research reports. Pivotal Research reiterated a “buy” rating and issued a $25.00 price target on shares of Boot Barn in a report on Wednesday, January 30th. Zacks Investment Research lowered Boot Barn from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. ValuEngine upgraded Boot Barn from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Sidoti initiated coverage on Boot Barn in a report on Thursday, March 14th. They issued a “buy” rating on the stock. Finally, Piper Jaffray Companies increased their price target on Boot Barn from $33.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Boot Barn has a consensus rating of “Buy” and a consensus target price of $32.29.
Shares of Boot Barn stock traded down $1.04 on Friday, hitting $26.34. 2,865,200 shares of the company’s stock traded hands, compared to its average volume of 935,059. Boot Barn has a one year low of $15.01 and a one year high of $32.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.62 and a quick ratio of 0.40. The firm has a market cap of $769.42 million, a price-to-earnings ratio of 37.63, a PEG ratio of 0.87 and a beta of 2.25.
Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, May 15th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $192.76 million for the quarter, compared to analyst estimates of $189.29 million. Boot Barn had a return on equity of 13.54% and a net margin of 4.93%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. On average, sell-side analysts expect that Boot Barn will post 1.2 EPS for the current fiscal year.
In other Boot Barn news, Director Brenda I. Morris sold 7,000 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $28.04, for a total value of $196,280.00. Following the transaction, the director now owns 17,724 shares in the company, valued at $496,980.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of BOOT. Great West Life Assurance Co. Can purchased a new stake in shares of Boot Barn in the fourth quarter worth approximately $41,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Boot Barn in the fourth quarter worth approximately $46,000. PNC Financial Services Group Inc. raised its stake in shares of Boot Barn by 106.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,541 shares of the company’s stock worth $60,000 after purchasing an additional 1,827 shares during the last quarter. Sterling Investment Advisors Ltd. raised its stake in shares of Boot Barn by 33.3% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the company’s stock worth $68,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Quantamental Technologies LLC raised its stake in shares of Boot Barn by 407.4% in the first quarter. Quantamental Technologies LLC now owns 2,740 shares of the company’s stock worth $81,000 after purchasing an additional 2,200 shares during the last quarter.
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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