Analysts at Susquehanna Bancshares started coverage on shares of Boot Barn (NYSE:BOOT) in a research report issued to clients and investors on Friday, BenzingaRatingsTable reports. The brokerage set a “neutral” rating and a $35.00 price target on the stock. Susquehanna Bancshares’ price target would suggest a potential downside of 0.28% from the company’s previous close.
BOOT has been the subject of several other research reports. DA Davidson began coverage on shares of Nomad Foods in a research report on Wednesday, June 19th. They set a “buy” rating and a $26.00 price target for the company. Wells Fargo & Co set a $9.00 price target on shares of Bausch Health Companies and gave the stock a “sell” rating in a research report on Friday, May 17th. Piper Jaffray Companies upped their price target on shares of Boot Barn from $33.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Pivotal Research lowered shares of Boot Barn from a “buy” rating to a “hold” rating and upped their price target for the stock from $28.00 to $30.00 in a research report on Monday, May 13th. Finally, Robert W. Baird began coverage on shares of Intellia Therapeutics in a research report on Monday. They set an “outperform” rating and a $23.00 price target for the company. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Boot Barn currently has an average rating of “Buy” and a consensus price target of $33.80.
BOOT stock opened at $35.10 on Friday. The company has a current ratio of 1.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.69. Boot Barn has a 1-year low of $15.01 and a 1-year high of $37.15. The company’s fifty day simple moving average is $32.04. The company has a market capitalization of $999.55 million, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.37 and a beta of 2.38.
Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, May 15th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The business had revenue of $192.76 million during the quarter, compared to analyst estimates of $189.29 million. Boot Barn had a net margin of 5.02% and a return on equity of 14.65%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. As a group, equities research analysts predict that Boot Barn will post 1.51 earnings per share for the current fiscal year.
In related news, CEO James Grant Conroy sold 81,224 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $33.00, for a total value of $2,680,392.00. Following the completion of the transaction, the chief executive officer now owns 25,868 shares in the company, valued at approximately $853,644. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Summit Creek Advisors LLC grew its position in Boot Barn by 8.0% in the 1st quarter. Summit Creek Advisors LLC now owns 478,040 shares of the company’s stock valued at $14,073,000 after buying an additional 35,410 shares in the last quarter. Marshall Wace LLP lifted its holdings in Boot Barn by 22.1% in the 1st quarter. Marshall Wace LLP now owns 1,094,563 shares of the company’s stock valued at $32,223,000 after acquiring an additional 198,108 shares during the last quarter. Rhumbline Advisers lifted its holdings in Boot Barn by 54.1% in the 4th quarter. Rhumbline Advisers now owns 35,836 shares of the company’s stock valued at $610,000 after acquiring an additional 12,580 shares during the last quarter. Intrust Bank NA lifted its holdings in Boot Barn by 17.7% in the 1st quarter. Intrust Bank NA now owns 19,704 shares of the company’s stock valued at $580,000 after acquiring an additional 2,964 shares during the last quarter. Finally, Whittier Trust Co. acquired a new stake in Boot Barn in the 1st quarter valued at about $1,803,000.
Boot Barn Company Profile
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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