William Blair initiated coverage on shares of Boot Barn (NYSE:BOOT) in a report released on Tuesday morning, MarketBeat reports. The firm issued an outperform rating on the stock. William Blair also issued estimates for Boot Barn’s Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.22 EPS, FY2020 earnings at $1.40 EPS and FY2021 earnings at $1.78 EPS.
Several other analysts have also recently weighed in on the stock. ValuEngine cut shares of Boot Barn from a strong-buy rating to a buy rating in a research report on Saturday, October 6th. Citigroup lifted their target price on shares of Boot Barn from $28.00 to $33.00 and gave the stock a buy rating in a research report on Friday, September 21st. TheStreet upgraded shares of Boot Barn from a c+ rating to a b rating in a research report on Tuesday, August 28th. Pivotal Research set a $24.00 target price on shares of Boot Barn and gave the stock a hold rating in a research report on Wednesday, August 8th. Finally, Zacks Investment Research upgraded shares of Boot Barn from a hold rating to a buy rating and set a $26.00 target price on the stock in a research report on Tuesday, July 17th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $26.78.
Boot Barn stock opened at $27.13 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.20 and a current ratio of 1.59. The firm has a market cap of $795.36 million, a PE ratio of 38.76, a P/E/G ratio of 1.15 and a beta of 1.84. Boot Barn has a fifty-two week low of $7.37 and a fifty-two week high of $31.61.
In other Boot Barn news, insider Laurie Marie Grijalva sold 41,779 shares of the firm’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $29.90, for a total value of $1,249,192.10. Following the sale, the insider now owns 18,327 shares of the company’s stock, valued at approximately $547,977.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Greg Bettinelli sold 4,726 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $26.18, for a total transaction of $123,726.68. Following the completion of the sale, the director now directly owns 12,995 shares in the company, valued at approximately $340,209.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 238,193 shares of company stock worth $6,841,756. 2.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in BOOT. Copper Rock Capital Partners LLC bought a new stake in Boot Barn in the 3rd quarter worth $24,187,000. FMR LLC bought a new stake in Boot Barn in the 2nd quarter worth $15,745,000. Millennium Management LLC grew its holdings in Boot Barn by 4,108.2% in the 2nd quarter. Millennium Management LLC now owns 578,631 shares of the company’s stock worth $12,007,000 after acquiring an additional 564,881 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Boot Barn by 33.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,732,918 shares of the company’s stock worth $30,725,000 after acquiring an additional 435,132 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in Boot Barn in the 2nd quarter worth $8,417,000.
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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