Boot Barn (NYSE:BOOT) Trading Down 1.5%

Boot Barn Holdings Inc (NYSE:BOOT)’s share price fell 1.5% on Monday . The stock traded as low as $29.91 and last traded at $29.83, 17,308 shares were traded during trading. A decline of 98% from the average session volume of 751,819 shares. The stock had previously closed at $30.27.

Several brokerages have recently weighed in on BOOT. Pivotal Research reiterated a “hold” rating and set a $35.00 price target (up previously from $31.00) on shares of Boot Barn in a research note on Thursday. Wells Fargo & Co set a $30.00 price objective on shares of Boot Barn and gave the company a “hold” rating in a research report on Friday, May 17th. Robert W. Baird downgraded shares of Boot Barn from an “outperform” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research report on Monday, July 8th. Piper Jaffray Companies raised their price objective on shares of Boot Barn from $41.00 to $46.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, DA Davidson began coverage on shares of Boot Barn in a research report on Wednesday, June 19th. They set a “buy” rating and a $41.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Boot Barn presently has a consensus rating of “Buy” and an average target price of $35.10.

The stock has a market cap of $836.60 million, a PE ratio of 24.55, a P/E/G ratio of 1.12 and a beta of 2.37. The firm’s 50-day simple moving average is $33.74. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.14 and a quick ratio of 0.24.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.11. The firm had revenue of $185.77 million for the quarter, compared to the consensus estimate of $179.98 million. Boot Barn had a net margin of 5.24% and a return on equity of 15.99%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.15 EPS. As a group, equities research analysts anticipate that Boot Barn Holdings Inc will post 1.66 EPS for the current year.

In other Boot Barn news, CEO James Grant Conroy sold 81,224 shares of Boot Barn stock in a transaction on Friday, June 14th. The shares were sold at an average price of $33.00, for a total value of $2,680,392.00. Following the sale, the chief executive officer now directly owns 25,868 shares in the company, valued at approximately $853,644. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc increased its holdings in Boot Barn by 7.8% in the 4th quarter. Legal & General Group Plc now owns 5,058 shares of the company’s stock valued at $86,000 after acquiring an additional 368 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Boot Barn by 43.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,568 shares of the company’s stock worth $56,000 after buying an additional 476 shares in the last quarter. Globeflex Capital L P grew its stake in shares of Boot Barn by 15.1% in the 1st quarter. Globeflex Capital L P now owns 6,159 shares of the company’s stock worth $181,000 after buying an additional 810 shares in the last quarter. Swiss National Bank grew its stake in shares of Boot Barn by 1.9% in the 2nd quarter. Swiss National Bank now owns 52,700 shares of the company’s stock worth $1,878,000 after buying an additional 1,000 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC grew its stake in shares of Boot Barn by 14.8% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 8,158 shares of the company’s stock worth $291,000 after buying an additional 1,050 shares in the last quarter.

Boot Barn Company Profile (NYSE:BOOT)

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.

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