Analysts’ Recent Ratings Changes for Boot Barn (BOOT)

Share on StockTwits

Boot Barn (NYSE: BOOT) has recently received a number of price target changes and ratings updates:

  • 10/12/2018 – Boot Barn was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “Boot Barn Holdings, Inc. operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. The company’s products include boots, denim, western shirts, cowboy hats, belts and belt buckles, and western-style jewellery and accessories; and rugged footwear, outerwear, overalls, denims, and shirts, as well as safety-toe boots, and flame-resistant and high-visibility clothing. It sells its products through bootbarn.com, an e-commerce Website. Boot Barn Holdings, Inc. is headquartered in Irvine, California. “
  • 10/9/2018 – Boot Barn is now covered by analysts at William Blair. They set an “outperform” rating on the stock.
  • 10/9/2018 – Boot Barn was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Boot Barn Holdings, Inc. operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. The company’s products include boots, denim, western shirts, cowboy hats, belts and belt buckles, and western-style jewellery and accessories; and rugged footwear, outerwear, overalls, denims, and shirts, as well as safety-toe boots, and flame-resistant and high-visibility clothing. It sells its products through bootbarn.com, an e-commerce Website. Boot Barn Holdings, Inc. is headquartered in Irvine, California. “
  • 10/6/2018 – Boot Barn was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 9/21/2018 – Boot Barn had its price target raised by analysts at Citigroup Inc from $28.00 to $33.00. They now have a “buy” rating on the stock.
  • 8/28/2018 – Boot Barn was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.

Shares of BOOT stock traded up $0.18 during trading hours on Friday, reaching $27.97. The stock had a trading volume of 2,554 shares, compared to its average volume of 731,360. The company has a current ratio of 1.59, a quick ratio of 0.20 and a debt-to-equity ratio of 0.80. Boot Barn Holdings Inc has a 12 month low of $7.59 and a 12 month high of $31.61. The firm has a market capitalization of $797.04 million, a P/E ratio of 39.96, a price-to-earnings-growth ratio of 1.04 and a beta of 1.84.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Boot Barn had a net margin of 4.98% and a return on equity of 11.04%. The company had revenue of $161.98 million during the quarter, compared to analyst estimates of $159.57 million. Sell-side analysts predict that Boot Barn Holdings Inc will post 1.08 EPS for the current year.

In other Boot Barn news, insider Laurie Marie Grijalva sold 41,779 shares of Boot Barn stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $29.90, for a total transaction of $1,249,192.10. Following the completion of the sale, the insider now directly owns 18,327 shares in the company, valued at $547,977.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Gregory V. Hackman sold 18,093 shares of Boot Barn stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $29.47, for a total transaction of $533,200.71. Following the sale, the chief financial officer now owns 46,705 shares of the company’s stock, valued at $1,376,396.35. The disclosure for this sale can be found here. Insiders sold 238,193 shares of company stock valued at $6,841,756 over the last 90 days. 2.00% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in BOOT. Copper Rock Capital Partners LLC bought a new stake in Boot Barn during the third quarter valued at approximately $24,187,000. FMR LLC bought a new stake in Boot Barn during the second quarter valued at approximately $15,745,000. Millennium Management LLC lifted its position in Boot Barn by 4,108.2% during the second quarter. Millennium Management LLC now owns 578,631 shares of the company’s stock valued at $12,007,000 after purchasing an additional 564,881 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Boot Barn by 33.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,732,918 shares of the company’s stock valued at $30,725,000 after purchasing an additional 435,132 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in Boot Barn during the second quarter valued at approximately $8,417,000.

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.

Featured Article: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Receive News & Ratings for Boot Barn Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply