Trading Report: Today, Boot Barn Holdings Inc. (BOOT) Rating Reiterate by B. Riley

Today, Boot Barn Holdings Inc. (BOOT) Rating Reiterate by B. Riley

Boot Barn Holdings Inc. (NYSE:BOOT)‘s stock had its “neutral” rating reissued by equities research analysts at B. Riley in a research report issued to clients and investors on Tuesday. They currently have a $14.00 price target on the stock. B. Riley’s price objective suggests a potential downside of 16.37% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Boot Barn Holdings from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Friday, October 28th. Jefferies Group reissued a “buy” rating and issued a $15.00 price target (up previously from $13.00) on shares of Boot Barn Holdings in a research note on Friday, October 28th. Citigroup Inc. decreased their price target on Boot Barn Holdings from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, September 27th. JPMorgan Chase & Co. decreased their price target on Boot Barn Holdings from $10.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, July 27th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of Boot Barn Holdings in a research note on Wednesday, July 27th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Boot Barn Holdings presently has an average rating of “Buy” and an average price target of $13.17.

Boot Barn Holdings (NYSE:BOOT) traded up 0.36% on Tuesday, hitting $16.74. The stock had a trading volume of 96,713 shares. The company has a market cap of $443.39 million, a PE ratio of 37.87 and a beta of 1.37. The stock has a 50-day moving average of $13.19 and a 200-day moving average of $10.56. Boot Barn Holdings has a one year low of $5.20 and a one year high of $17.26.

Boot Barn Holdings (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.02 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.02. The firm earned $134 million during the quarter, compared to the consensus estimate of $131.61 million. Boot Barn Holdings had a return on equity of 9.59% and a net margin of 1.97%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 EPS. Equities analysts expect that Boot Barn Holdings will post $0.71 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in BOOT. Frontier Capital Management Co. LLC increased its stake in shares of Boot Barn Holdings by 86.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,594,756 shares of the company’s stock valued at $19,600,000 after buying an additional 737,361 shares in the last quarter. Eagle Asset Management bought a new stake in shares of Boot Barn Holdings during the third quarter valued at approximately $3,684,000. Wells Fargo & Company MN increased its stake in shares of Boot Barn Holdings by 71.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,520,346 shares of the company’s stock valued at $43,265,000 after buying an additional 1,471,561 shares in the last quarter. Royce & Associates LLC increased its stake in shares of Boot Barn Holdings by 47.4% in the fourth quarter. Royce & Associates LLC now owns 1,197,756 shares of the company’s stock valued at $14,720,000 after buying an additional 385,100 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Boot Barn Holdings by 20.4% in the fourth quarter. Mackenzie Financial Corp now owns 88,300 shares of the company’s stock valued at $1,085,000 after buying an additional 14,981 shares in the last quarter.

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