Investors Buy High Volume of Boot Barn Call Options (BOOT)

Boot Barn Holdings Inc (NYSE:BOOT) was the target of unusually large options trading on Monday. Stock traders bought 18,211 call options on the stock. This represents an increase of 6,290% compared to the average daily volume of 285 call options.

Several research firms have recently commented on BOOT. TheStreet upgraded Boot Barn from a “c+” rating to a “b” rating in a research report on Tuesday, August 28th. Citigroup raised their price target on Boot Barn from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. Pivotal Research restated a “hold” rating and set a $27.00 price target on shares of Boot Barn in a research report on Wednesday, October 24th. Zacks Investment Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Friday, October 12th. Finally, William Blair assumed coverage on Boot Barn in a research note on Tuesday, October 9th. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Boot Barn presently has an average rating of “Buy” and a consensus target price of $28.88.

Shares of NYSE BOOT opened at $24.21 on Tuesday. The firm has a market capitalization of $641.39 million, a PE ratio of 34.59, a P/E/G ratio of 0.88 and a beta of 1.85. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.20 and a current ratio of 1.56. Boot Barn has a 12-month low of $14.34 and a 12-month high of $31.61.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Thursday, October 25th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $168.11 million for the quarter, compared to analysts’ expectations of $161.72 million. Boot Barn had a return on equity of 11.44% and a net margin of 5.28%. As a group, analysts anticipate that Boot Barn will post 1.12 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can raised its stake in Boot Barn by 3,722.2% in the second quarter. Bank of Montreal Can now owns 63,449 shares of the company’s stock valued at $1,316,000 after buying an additional 61,789 shares in the last quarter. Acadian Asset Management LLC raised its stake in Boot Barn by 175.9% in the second quarter. Acadian Asset Management LLC now owns 92,565 shares of the company’s stock valued at $1,921,000 after buying an additional 59,010 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Boot Barn by 3,416.5% in the second quarter. BNP Paribas Arbitrage SA now owns 176,038 shares of the company’s stock valued at $3,653,000 after buying an additional 171,032 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Boot Barn in the second quarter valued at $891,000. Finally, Algert Global LLC raised its stake in Boot Barn by 74.2% in the second quarter. Algert Global LLC now owns 29,212 shares of the company’s stock valued at $606,000 after buying an additional 12,442 shares in the last quarter.

ILLEGAL ACTIVITY NOTICE: “Investors Buy High Volume of Boot Barn Call Options (BOOT)” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.com-unik.info/2018/12/04/investors-buy-high-volume-of-boot-barn-call-options-boot-2.html.

Boot Barn Company Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.

Recommended Story: What is Cost of Debt?

Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit