Boot Barn (NYSE:BOOT) Now Covered by Susquehanna Bancshares

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Equities research analysts at Susquehanna Bancshares started coverage on shares of Boot Barn (NYSE:BOOT) in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $35.00 price target on the stock. Susquehanna Bancshares’ price objective would indicate a potential downside of 1.24% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Piper Jaffray Companies increased their target price on shares of Boot Barn from $33.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. DA Davidson initiated coverage on shares of Nomad Foods in a research report on Wednesday, June 19th. They set a “buy” rating and a $26.00 target price for the company. Sidoti initiated coverage on shares of Boot Barn in a research report on Thursday, March 14th. They set a “buy” rating for the company. Zacks Investment Research lowered shares of GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Finally, Pivotal Research lowered shares of Boot Barn from a “buy” rating to a “hold” rating and increased their target price for the stock from $28.00 to $30.00 in a research report on Monday, May 13th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Boot Barn presently has an average rating of “Buy” and a consensus target price of $33.80.

Shares of BOOT stock opened at $35.44 on Friday. The firm has a 50-day moving average price of $32.15. The stock has a market capitalization of $1.00 billion, a P/E ratio of 28.35, a P/E/G ratio of 1.38 and a beta of 2.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.24 and a current ratio of 1.83. Boot Barn has a one year low of $15.01 and a one year high of $37.15.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Boot Barn had a net margin of 5.02% and a return on equity of 14.65%. The business had revenue of $192.76 million during the quarter, compared to the consensus estimate of $189.29 million. During the same quarter last year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts predict that Boot Barn will post 1.51 earnings per share for the current year.

In other Boot Barn news, CEO James Grant Conroy sold 81,224 shares of Boot Barn stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $33.00, for a total transaction of $2,680,392.00. Following the transaction, the chief executive officer now directly owns 25,868 shares of the company’s stock, valued at $853,644. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of BOOT. Jennison Associates LLC purchased a new position in shares of Boot Barn during the first quarter worth approximately $14,318,000. Norges Bank purchased a new position in shares of Boot Barn in the fourth quarter worth $5,044,000. Columbus Circle Investors increased its stake in shares of Boot Barn by 109.1% in the first quarter. Columbus Circle Investors now owns 476,834 shares of the company’s stock worth $14,038,000 after buying an additional 248,764 shares during the period. Marshall Wace LLP increased its stake in shares of Boot Barn by 22.1% in the first quarter. Marshall Wace LLP now owns 1,094,563 shares of the company’s stock worth $32,223,000 after buying an additional 198,108 shares during the period. Finally, FMR LLC increased its stake in shares of Boot Barn by 24.4% in the fourth quarter. FMR LLC now owns 948,956 shares of the company’s stock worth $16,161,000 after buying an additional 186,222 shares during the period.

About Boot Barn

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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