Boot Barn (BOOT) Sets New 1-Year High at $16.74

Boot Barn Holdings, Inc. (NYSE:BOOT) hit a new 52-week high on Monday . The company traded as high as $16.74 and last traded at $16.74, with a volume of 290900 shares. The stock had previously closed at $16.45.

A number of equities research analysts have weighed in on BOOT shares. Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a report on Tuesday, October 3rd. Jefferies Group restated a “buy” rating on shares of Boot Barn in a report on Wednesday, October 11th. Robert W. Baird restated a “buy” rating and issued a $11.00 price objective on shares of Boot Barn in a report on Friday, October 13th. TheStreet upgraded shares of Boot Barn from a “d” rating to a “c” rating in a report on Monday, October 30th. Finally, Citigroup upped their price objective on shares of Boot Barn from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $12.84.

The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.16 and a current ratio of 1.32. The stock has a market capitalization of $451.02, a price-to-earnings ratio of 31.51, a P/E/G ratio of 1.76 and a beta of 1.79.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate 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 in the prior year, the company posted $0.02 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. sell-side analysts forecast that Boot Barn Holdings, Inc. will post 0.61 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new position in Boot Barn in the third quarter worth approximately $1,261,000. Cubist Systematic Strategies LLC bought a new stake in shares of Boot Barn during the 3rd quarter valued at $151,000. Dimensional Fund Advisors LP raised its position in shares of Boot Barn by 38.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 865,400 shares of the company’s stock valued at $7,702,000 after purchasing an additional 238,407 shares during the period. Citadel Advisors LLC raised its position in shares of Boot Barn by 1.8% during the 3rd quarter. Citadel Advisors LLC now owns 540,305 shares of the company’s stock valued at $4,808,000 after purchasing an additional 9,437 shares during the period. Finally, GMT Capital Corp bought a new stake in shares of Boot Barn during the 3rd quarter valued at $3,492,000.

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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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