The price of Boot Barn Holdings Inc. (NYSE:BOOT) shares last traded on Wall Street rose 1.53% to $64.35.
Based on available information, 12 analysts follow Boot Barn Holdings Inc. (NYSE:BOOT). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $100.00 and a low of $64.00, we find $90.00. Given the previous closing price of $63.38, this indicates a potential upside of 42.0 percent. BOOT stock price is now 9.06% away from the 50-day moving average and -14.55% away from the 200-day moving average. The market capitalization of the company currently stands at $1.92B.
Among analysts, 1 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $89.27 as their price target over the next twelve months.
With the price target maintained at $100, Seaport Research Partners recently Upgraded its rating from Neutral to Buy for Boot Barn Holdings Inc. (NYSE: BOOT). On May 27, 2022, Robert W. Baird Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $115, while ‘Piper Sandler’ rates the stock as ‘Overweight’.
In other news, Watkins James M, CFO & SECRETARY bought 2,500 shares of the company’s stock on Nov 09. The stock was bought for $130,838 at an average price of $52.34. Upon completion of the transaction, the CFO & SECRETARY now directly owns 11,730 shares in the company, valued at $0.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22, Director STARRETT PETER bought 4,000 shares of the business’s stock. A total of $283,505 was incurred on buying the stock at an average price of $70.88. This leaves the insider owning 14,799 shares of the company worth $0.95 million. Insiders disposed of 69,688 shares of company stock worth roughly $4.48 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BOOT stock. A new stake in Boot Barn Holdings Inc. shares was purchased by JUNTO CAPITAL MANAGEMENT LP during the first quarter worth $33,220,000. CAPITAL WORLD INVESTORS invested $25,547,000 in shares of BOOT during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Boot Barn Holdings Inc. valued at approximately $16,297,000. J. GOLDMAN & CO LP acquired a new stake in BOOT for approximately $14,370,000. SCHONFELD STRATEGIC ADVISORS LLC purchased a new stake in BOOT valued at around $7,248,000 in the second quarter.
A candlestick chart of Boot Barn Holdings Inc. (NYSE: BOOT) showed a price of $63.16 on Wednesday morning. During the past 12 months, Boot Barn Holdings Inc. has had a low of $50.20 and a high of $131.02. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 1.50, and a quick ratio of 0.20. The fifty day moving average price for BOOT is $59.00 and a two-hundred day moving average price translates $75.31 for the stock.
The latest earnings results from Boot Barn Holdings Inc. (NYSE: BOOT) was released for Jun, 2022. According to the Apparel Retail Company, earnings per share came in at $1.06, beating analysts’ expectations of $0.9 by 0.16. This compares to $1.25 EPS in the same period last year. The net profit margin was 11.70% and return on equity was 30.10% for BOOT. The company reported revenue of $351.55 million for the quarter, compared to $312.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.42 percent. For the current quarter, analysts expect BOOT to generate $509.7M in revenue.
Boot Barn Holdings Inc.(BOOT) 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. The company also provides gifts and home merchandise. As of May 10, 2022, it operated 304 stores in 38 states. The company also sells its products through e-commerce websites, including bootbarn.com; sheplers.com; and countryoutfitter.com. The company was formerly known as WW Top Investment Corporation and changed its name to Boot Barn Holdings, Inc. in June 2014. Boot Barn Holdings, Inc. was founded in 1978 and is based in Irvine, California.