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. “
A number of other analysts have also commented on BOOT. Citigroup Inc. boosted their price target on Boot Barn Holdings from $7.00 to $9.00 and gave the company a neutral rating in a report on Wednesday, July 20th. B. Riley restated a buy rating and issued a $12.00 price target on shares of Boot Barn Holdings in a report on Monday, July 25th. TheStreet upgraded Boot Barn Holdings from a sell rating to a hold rating in a report on Friday, July 22nd. Jefferies Group boosted their price target on Boot Barn Holdings from $12.00 to $13.00 and gave the company a buy rating in a report on Wednesday, July 27th. Finally, Wells Fargo & Co. restated a hold rating on shares of Boot Barn Holdings in a report on Wednesday, July 27th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Boot Barn Holdings presently has an average rating of Hold and an average target price of $10.33.
Shares of Boot Barn Holdings (NYSE:BOOT) opened at 10.81 on Tuesday. The firm has a market capitalization of $285.51 million, a price-to-earnings ratio of 34.76 and a beta of 1.48. The company’s 50 day moving average price is $11.58 and its 200 day moving average price is $9.32. Boot Barn Holdings has a 52-week low of $5.20 and a 52-week high of $18.74.
Boot Barn Holdings (NYSE:BOOT) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The company had revenue of $133.40 million for the quarter, compared to analyst estimates of $130.73 million. Boot Barn Holdings had a return on equity of 10.44% and a net margin of 1.36%. The company’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share. Analysts forecast that Boot Barn Holdings will post $0.68 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its stake in Boot Barn Holdings by 25.6% in the second quarter. Rhumbline Advisers now owns 13,302 shares of the company’s stock valued at $115,000 after buying an additional 2,710 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Boot Barn Holdings during the first quarter valued at about $133,000. Bayesian Capital Management LP acquired a new stake in Boot Barn Holdings during the first quarter valued at about $138,000. Quantitative Systematic Strategies LLC acquired a new stake in Boot Barn Holdings during the second quarter valued at about $127,000. Finally, Bank of Montreal Can acquired a new stake in Boot Barn Holdings during the second quarter valued at about $149,000.
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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