Piper Jaffray Companies restated their buy rating on shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in a research report released on Thursday, August 3rd.
Other analysts have also recently issued research reports about the stock. Jefferies Group LLC set a $12.00 price objective on shares of Boot Barn Holdings and gave the company a buy rating in a research report on Saturday, June 3rd. B. Riley reaffirmed a buy rating and set a $9.00 target price on shares of Boot Barn Holdings in a report on Monday, June 5th. Citigroup Inc. reaffirmed a buy rating and set a $9.00 target price (down previously from $14.00) on shares of Boot Barn Holdings in a report on Monday, June 5th. J P Morgan Chase & Co reaffirmed a neutral rating and set a $7.00 target price (down previously from $11.00) on shares of Boot Barn Holdings in a report on Tuesday, June 6th. Finally, Zacks Investment Research raised shares of Boot Barn Holdings from a sell rating to a hold rating in a report on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Boot Barn Holdings presently has an average rating of Hold and an average target price of $10.88.
Shares of Boot Barn Holdings (NYSE BOOT) traded down 2.20% during mid-day trading on Thursday, hitting $8.45. 196,138 shares of the company traded hands. Boot Barn Holdings has a 1-year low of $5.90 and a 1-year high of $17.26. The stock has a market capitalization of $224.70 million, a PE ratio of 15.68 and a beta of 1.26. The firm’s 50 day moving average price is $7.37 and its 200-day moving average price is $8.93.
Boot Barn Holdings (NYSE:BOOT) last posted its quarterly earnings data 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 analysts’ expectations of $139 million. Boot Barn Holdings had a net margin of 2.26% and a return on equity of 8.58%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.02 EPS. On average, equities research analysts forecast that Boot Barn Holdings will post $0.61 EPS for the current year.
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In other news, Director Brenda I. Morris purchased 7,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were acquired at an average price of $6.33 per share, with a total value of $44,310.00. Following the acquisition, the director now directly owns 13,818 shares in the company, valued at $87,467.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Peter Starrett purchased 50,000 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was purchased at an average cost of $6.12 per share, for a total transaction of $306,000.00. Following the acquisition, the director now owns 4,726 shares in the company, valued at $28,923.12. The disclosure for this purchase can be found here. 4.60% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Frontier Capital Management Co. LLC raised its stake in shares of Boot Barn Holdings by 1.5% in the first quarter. Frontier Capital Management Co. LLC now owns 2,411,873 shares of the company’s stock worth $23,853,000 after buying an additional 35,683 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Boot Barn Holdings by 26.1% in the second quarter. Franklin Resources Inc. now owns 1,840,355 shares of the company’s stock worth $13,030,000 after buying an additional 381,163 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in shares of Boot Barn Holdings by 10.3% in the second quarter. Stephens Investment Management Group LLC now owns 1,355,588 shares of the company’s stock worth $9,598,000 after buying an additional 127,021 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Boot Barn Holdings by 83.8% in 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. Finally, 1060 Capital LLC bought a new stake in shares of Boot Barn Holdings during the first quarter worth $4,820,000.
About Boot Barn Holdings
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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