Boot Barn Holdings, Inc. (BOOT) Given Consensus Recommendation of “Hold” by Brokerages

Boot Barn Holdings, Inc. (NYSE:BOOT) has earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $10.17.

A number of equities analysts have commented on the stock. Piper Jaffray Companies reissued a “buy” rating on shares of Boot Barn Holdings in a research note on Thursday, August 3rd. ValuEngine upgraded shares of Boot Barn Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 17th. Robert W. Baird upgraded shares of Boot Barn Holdings from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $10.00 to $11.00 in a report on Friday, August 4th. Zacks Investment Research upgraded shares of Boot Barn Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, B. Riley reiterated a “buy” rating and set a $9.00 price target on shares of Boot Barn Holdings in a report on Wednesday, May 31st.

Boot Barn Holdings (NYSE BOOT) opened at 8.51 on Friday. The firm has a market capitalization of $226.30 million, a P/E ratio of 15.79 and a beta of 1.26. The firm’s 50-day moving average is $7.24 and its 200 day moving average is $9.00. Boot Barn Holdings has a 52-week low of $5.90 and a 52-week high of $17.26.

Boot Barn Holdings (NYSE:BOOT) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.03 EPS for the quarter. Boot Barn Holdings had a net margin of 2.26% and a return on equity of 8.58%. The business had revenue of $139.40 million during the quarter, compared to analysts’ expectations of $139 million. During the same quarter in the previous year, the company earned $0.02 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Boot Barn Holdings will post $0.61 EPS for the current year.

In other news, Director Brenda I. Morris acquired 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were bought at an average cost of $6.33 per share, with a total value of $44,310.00. Following the transaction, the director now owns 13,818 shares of the company’s stock, valued at approximately $87,467.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter Starrett acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were purchased at an average cost of $6.12 per share, for a total transaction of $306,000.00. Following the completion of the transaction, the director now directly owns 4,726 shares in the company, valued at approximately $28,923.12. The disclosure for this purchase can be found here. 4.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of BOOT. Trexquant Investment LP bought a new position in Boot Barn Holdings during the second quarter valued at about $106,000. Gotham Asset Management LLC acquired a new position in shares of Boot Barn Holdings during the first quarter valued at $112,000. Eagle Global Advisors LLC acquired a new position in shares of Boot Barn Holdings during the first quarter valued at $113,000. Capital Fund Management S.A. acquired a new position in shares of Boot Barn Holdings during the second quarter valued at $114,000. Finally, Alambic Investment Management L.P. acquired a new position in shares of Boot Barn Holdings during the first quarter valued at $155,000.

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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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