Boot Barn Holdings, Inc. (NYSE:BOOT) has been given a consensus rating of “Buy” by the eleven research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $12.96.
Several equities research analysts have issued reports on the stock. Jefferies Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Boot Barn in a research note on Monday. J P Morgan Chase & Co raised shares of Boot Barn from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $9.00 to $17.00 in a research note on Sunday, November 26th. BidaskClub raised shares of Boot Barn from a “hold” rating to a “buy” rating in a research note on Saturday, November 11th. Citigroup lifted their target price on shares of Boot Barn from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research note on Tuesday, October 3rd.
Several hedge funds and other institutional investors have recently bought and sold shares of BOOT. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Boot Barn during the 3rd quarter worth $3,674,000. GMT Capital Corp purchased a new position in shares of Boot Barn during the 3rd quarter worth $3,492,000. Franklin Resources Inc. raised its holdings in shares of Boot Barn by 26.1% during the 2nd quarter. Franklin Resources Inc. now owns 1,840,355 shares of the company’s stock worth $13,030,000 after acquiring an additional 381,163 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Boot Barn by 83.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 626,993 shares of the company’s stock worth $4,439,000 after acquiring an additional 285,871 shares during the period. Finally, Stephens Investment Management Group LLC raised its holdings in shares of Boot Barn by 15.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,568,993 shares of the company’s stock worth $13,964,000 after acquiring an additional 213,405 shares during the period.
Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Boot Barn had a net margin of 2.32% and a return on equity of 8.70%. The firm had revenue of $143.10 million for the quarter, compared to analysts’ expectations of $139.92 million. During the same quarter last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. sell-side analysts predict that Boot Barn will post 0.61 EPS for the current fiscal year.
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About Boot Barn
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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