Parallax Volatility Advisers L.P. purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 70,403 shares of the company’s stock, valued at approximately $4,116,000.
A number of other institutional investors have also recently made changes to their positions in the company. US Bancorp DE boosted its stake in Boot Barn by 3.7% during the first quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $425,000 after buying an additional 161 shares during the last quarter. Taylor Frigon Capital Management LLC boosted its stake in Boot Barn by 0.4% during the third quarter. Taylor Frigon Capital Management LLC now owns 55,148 shares of the company’s stock worth $3,224,000 after buying an additional 217 shares during the last quarter. Captrust Financial Advisors boosted its stake in Boot Barn by 14.7% during the second quarter. Captrust Financial Advisors now owns 1,767 shares of the company’s stock worth $122,000 after buying an additional 226 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Boot Barn by 9.9% during the first quarter. Mackenzie Financial Corp now owns 2,611 shares of the company’s stock worth $247,000 after buying an additional 235 shares during the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV boosted its stake in Boot Barn by 2.6% during the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 12,101 shares of the company’s stock worth $707,000 after buying an additional 307 shares during the last quarter.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. StockNews.com began coverage on Boot Barn in a research note on Thursday. They set a “sell” rating on the stock. Bank of America began coverage on Boot Barn in a research report on Friday, January 6th. They issued a “buy” rating and a $85.00 target price on the stock. Robert W. Baird downgraded Boot Barn from an “outperform” rating to a “neutral” rating in a research report on Monday, January 30th. BTIG Research began coverage on Boot Barn in a research report on Monday, February 6th. They issued a “buy” rating and a $110.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Boot Barn from $94.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, January 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.70.
Insiders Place Their Bets
Boot Barn Price Performance
Shares of NYSE BOOT opened at $71.93 on Friday. The stock’s 50-day moving average is $78.04 and its two-hundred day moving average is $67.12. Boot Barn Holdings, Inc. has a 1-year low of $50.20 and a 1-year high of $105.66. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 1.26 and a beta of 2.35.
Boot Barn (NYSE:BOOT – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The company reported $1.74 earnings per share for the quarter, hitting the consensus estimate of $1.74. Boot Barn had a return on equity of 25.42% and a net margin of 10.45%. The company had revenue of $514.55 million for the quarter, compared to the consensus estimate of $514.44 million. During the same quarter in the prior year, the business earned $2.23 EPS. Boot Barn’s revenue was up 5.9% on a year-over-year basis. Equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.54 earnings per share for the current fiscal year.
Boot Barn Profile
Boot Barn Holdings, Inc engages in the operation of retail stores of western and work-related footwear, apparel, and accessories. The firm’s products include boots, jeans, accessories, hats, gifts and home products, and work wear. Its brands include Ariat, Wrangler, Lucchese Boots, Idyllwind, and Cinch.
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