Boot Barn (BOOT) Trading 6.7% Higher

Boot Barn Holdings, Inc. (NYSE:BOOT) traded up 6.7% on Tuesday . The stock traded as high as $15.54 and last traded at $15.35. 815,600 shares were traded during mid-day trading, an increase of 116% from the average session volume of 378,248 shares. The stock had previously closed at $14.39.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a report on Tuesday, October 3rd. J P Morgan Chase & Co upgraded Boot Barn from a “neutral” rating to an “overweight” rating and raised their target price for the company from $9.00 to $17.00 in a research note on Sunday, November 26th. TheStreet upgraded Boot Barn from a “d” rating to a “c” rating in a research note on Monday, October 30th. Robert W. Baird restated a “buy” rating and issued a $11.00 target price on shares of Boot Barn in a research note on Friday, October 13th. Finally, BidaskClub upgraded Boot Barn from a “hold” rating to a “buy” rating in a research note on Saturday, November 11th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Boot Barn currently has an average rating of “Buy” and an average target price of $11.97.

The company has a market capitalization of $400.01, a P/E ratio of 25.86, a P/E/G ratio of 1.57 and a beta of 1.79. The company has a current ratio of 1.32, a quick ratio of 0.16 and a debt-to-equity ratio of 1.04.

Boot Barn (NYSE:BOOT) last released its 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. The company had revenue of $143.10 million during the quarter, compared to analysts’ expectations of $139.92 million. Boot Barn had a return on equity of 8.70% and a net margin of 2.32%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. research analysts anticipate that Boot Barn Holdings, Inc. will post 0.61 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC raised its stake in Boot Barn by 3.5% during the third quarter. Frontier Capital Management Co. LLC now owns 2,487,413 shares of the company’s stock valued at $22,138,000 after buying an additional 84,222 shares during the last quarter. Franklin Resources Inc. raised its stake in Boot Barn by 26.1% during the second quarter. Franklin Resources Inc. now owns 1,840,355 shares of the company’s stock valued at $13,030,000 after buying an additional 381,163 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in Boot Barn by 15.7% during the third quarter. Stephens Investment Management Group LLC now owns 1,568,993 shares of the company’s stock valued at $13,964,000 after buying an additional 213,405 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Boot Barn by 38.0% during the third quarter. Dimensional Fund Advisors LP now owns 865,400 shares of the company’s stock valued at $7,702,000 after buying an additional 238,407 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in Boot Barn by 1.8% during the third quarter. Citadel Advisors LLC now owns 540,305 shares of the company’s stock valued at $4,808,000 after buying an additional 9,437 shares during the last quarter.

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Boot Barn 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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