In yesterday’s Wall Street session, Boot Barn Holdings Inc. (NYSE:BOOT) shares traded at $101.69, up 13.08% from the previous session.
14 analysts cover Boot Barn Holdings Inc. (NYSE:BOOT), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $130.00 and a low of $88.00, we find $114.00. Given the previous closing price of $89.93, this indicates a potential upside of 26.77 percent. BOOT stock price is now 24.13% away from the 50-day moving average and 39.80% away from the 200-day moving average. The market capitalization of the company currently stands at $3.04B.
The stock has received a hold rating from 2 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $111.64 as their price target over the next twelve months.
With the price target of $110, BTIG Research recently initiated with Buy rating for Boot Barn Holdings Inc. (NYSE: BOOT).
In other news, Hackman Gregory V., EVP, COO sold 15,749 shares of the company’s stock on May 26. The stock was sold for $1,089,258 at an average price of $69.16. Upon completion of the transaction, the EVP, COO now directly owns 57,120 shares in the company, valued at $5.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 10, PRESIDENT AND CEO Conroy James Grant sold 56,880 shares of the business’s stock. A total of $4,604,430 was realized by selling the stock at an average price of $80.95. This leaves the insider owning 35,701 shares of the company worth $3.63 million. Insiders disposed of 92,631 shares of company stock worth roughly $9.42 million over the past 1 year. A total of 0.10% 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 DRIEHAUS CAPITAL MANAGEMENT LLC during the first quarter worth $46,778,000. WELLINGTON MANAGEMENT GROUP LLP invested $45,026,000 in shares of BOOT during the first quarter. In the first quarter, ADAGE CAPITAL PARTNERS GP, L.L.C. acquired a new stake in Boot Barn Holdings Inc. valued at approximately $21,355,000. SHELLBACK CAPITAL, LP acquired a new stake in BOOT for approximately $13,657,000. GILDER GAGNON HOWE & CO LLC purchased a new stake in BOOT valued at around $13,586,000 in the second quarter. In total, there are 381 active investors with 115.59% ownership of the company’s stock.
On Thursday morning Boot Barn Holdings Inc. (NYSE: BOOT) stock kicked off with the opening price of $99.80. During the past 12 months, Boot Barn Holdings Inc. has had a low of $50.20 and a high of $96.74. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 1.80, and a quick ratio of 0.20. According to the stock market information, the enterprise value for the company is $3.20B, which is based on a 18.10 price-to-earnings ratio, a 4.21 price-to-earnings-growth ratio, and a beta of 2.34. The fifty day moving average price for BOOT is $82.64 and a two-hundred day moving average price translates $72.97 for the stock.
The latest earnings results from Boot Barn Holdings Inc. (NYSE: BOOT) was released for Jun, 2023. According to the Apparel Retail Company, earnings per share came in at $1.53, beating analysts’ expectations of $1.43 by 0.1. This compares to $1.47 EPS in the same period last year. The net profit margin was 10.30% and return on equity was 24.20% for BOOT. The company reported revenue of $425.66 million for the quarter, compared to $383.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.05 percent. For the current quarter, analysts expect BOOT to generate $383.69M 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. 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.
