Boot Barn Holdings, Inc. (BOOT) Receives “Buy” Rating from Jefferies Group LLC

Jefferies Group LLC reiterated their buy rating on shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in a report issued on Wednesday.

A number of other research firms also recently issued reports on BOOT. Piper Jaffray Companies restated a buy rating on shares of Boot Barn Holdings in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Boot Barn Holdings from a hold rating to a buy rating and set a $9.75 price target on the stock in a research report on Tuesday, October 3rd. Finally, Robert W. Baird upgraded shares of Boot Barn Holdings from a neutral rating to an outperform rating and raised their price target for the stock from $10.00 to $11.00 in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Boot Barn Holdings has a consensus rating of Buy and an average price target of $10.34.

Shares of Boot Barn Holdings (NYSE BOOT) traded down 2.70% during midday trading on Wednesday, reaching $7.92. 208,416 shares of the company were exchanged. The company has a market capitalization of $210.61 million, a PE ratio of 14.69 and a beta of 1.29. The stock’s 50-day moving average price is $8.46 and its 200-day moving average price is $8.35. Boot Barn Holdings has a 52-week low of $5.90 and a 52-week high of $17.26.

Boot Barn Holdings (NYSE:BOOT) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.03 EPS for the quarter. Boot Barn Holdings had a net margin of 2.26% and a return on equity of 8.58%. The firm had revenue of $139.40 million for the quarter, compared to the consensus estimate of $139.00 million. During the same period in the prior year, the firm posted $0.02 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. Analysts anticipate that Boot Barn Holdings will post $0.61 EPS for the current year.

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Several institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in shares of Boot Barn Holdings by 26.1% in the 2nd quarter. Franklin Resources Inc. now owns 1,840,355 shares of the company’s stock worth $13,030,000 after buying an additional 381,163 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Boot Barn Holdings by 10.3% in the 2nd quarter. Stephens Investment Management Group LLC now owns 1,355,588 shares of the company’s stock worth $9,598,000 after buying an additional 127,021 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Boot Barn Holdings by 83.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 626,993 shares of the company’s stock worth $4,439,000 after buying an additional 285,871 shares during the last quarter. Northern Trust Corp lifted its position in shares of Boot Barn Holdings by 7.9% in the 2nd quarter. Northern Trust Corp now owns 345,576 shares of the company’s stock worth $2,447,000 after buying an additional 25,191 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Boot Barn Holdings by 4.5% in the 2nd quarter. State Street Corp now owns 203,372 shares of the company’s stock worth $1,440,000 after buying an additional 8,835 shares during the last quarter.

Boot Barn Holdings Company Profile

Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.

Analyst Recommendations for Boot Barn Holdings (NYSE:BOOT)

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