Analysts at B. Riley started coverage on shares of Boot Barn (NYSE:BOOT – Get Free Report) in a report released on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $92.00 price target on the stock. B. Riley’s price target points to a potential upside of 28.96% from the stock’s current price.
Other equities research analysts have also issued reports about the company. BTIG Research raised their price objective on Boot Barn from $98.00 to $115.00 in a research note on Thursday, August 3rd. UBS Group boosted their price objective on shares of Boot Barn from $74.00 to $88.00 in a research report on Thursday, August 3rd. StockNews.com initiated coverage on shares of Boot Barn in a report on Thursday, October 5th. They issued a “sell” rating for the company. Craig Hallum upped their price target on shares of Boot Barn from $112.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Bank of America raised their price objective on shares of Boot Barn from $113.00 to $118.00 in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and a consensus price target of $102.30.
Boot Barn Price Performance
Boot Barn (NYSE:BOOT – Get Free Report) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. Boot Barn had a net margin of 9.49% and a return on equity of 20.28%. The business had revenue of $374.46 million during the quarter, compared to analyst estimates of $378.44 million. On average, sell-side analysts expect that Boot Barn will post 4.93 earnings per share for the current year.
Insider Buying and Selling
In other Boot Barn news, CFO James M. Watkins sold 15,099 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $75.19, for a total transaction of $1,135,293.81. Following the transaction, the chief financial officer now owns 12,819 shares of the company’s stock, valued at approximately $963,860.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Boot Barn during the 1st quarter valued at $426,000. Ranger Investment Management L.P. lifted its holdings in Boot Barn by 55.5% in the first quarter. Ranger Investment Management L.P. now owns 603,800 shares of the company’s stock valued at $46,275,000 after acquiring an additional 215,495 shares during the period. Skylands Capital LLC boosted its position in Boot Barn by 11.5% in the 2nd quarter. Skylands Capital LLC now owns 31,059 shares of the company’s stock worth $2,630,000 after purchasing an additional 3,200 shares in the last quarter. Pearl River Capital LLC acquired a new stake in shares of Boot Barn during the 1st quarter worth approximately $400,000. Finally, Hook Mill Capital Partners LP increased its holdings in shares of Boot Barn by 122.3% during the 1st quarter. Hook Mill Capital Partners LP now owns 181,114 shares of the company’s stock valued at $13,881,000 after purchasing an additional 99,656 shares in the last quarter.
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.
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