Boot Barn Holdings Inc. (NYSE:BOOT) had its price target reduced by investment analysts at JPMorgan Chase & Co. from $10.00 to $7.00 in a research note issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential downside of 28.64% from the stock’s current price.
In related news, CFO Gregory V. Hackman acquired 8,000 shares of Boot Barn Holdings stock in a transaction on Monday, May 23rd. The stock was purchased at an average cost of $7.50 per share, with a total value of $60,000.00. Following the completion of the transaction, the chief financial officer now directly owns 16,367 shares in the company, valued at approximately $122,752.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Peter Starrett acquired 50,000 shares of Boot Barn Holdings stock in a transaction on Monday, May 23rd. The shares were bought at an average cost of $7.44 per share, with a total value of $372,000.00. Following the completion of the transaction, the director now owns 5,967 shares of the company’s stock, valued at $44,394.48. The disclosure for this purchase can be found here.
A number of institutional investors recently added to or reduced their stakes in BOOT. New York State Common Retirement Fund boosted its position in Boot Barn Holdings by 40.5% in the fourth quarter. New York State Common Retirement Fund now owns 124,184 shares of the company’s stock worth $1,526,000 after buying an additional 35,771 shares during the period. Wells Fargo & Company MN boosted its position in Boot Barn Holdings by 71.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,520,346 shares of the company’s stock worth $43,265,000 after buying an additional 1,471,561 shares during the period. Royce & Associates LLC boosted its position in Boot Barn Holdings by 47.4% in the fourth quarter. Royce & Associates LLC now owns 1,197,756 shares of the company’s stock worth $14,720,000 after buying an additional 385,100 shares during the period. Fiduciary Management Associates LLC boosted its position in Boot Barn Holdings by 90.4% in the fourth quarter. Fiduciary Management Associates LLC now owns 1,474,646 shares of the company’s stock worth $18,123,000 after buying an additional 700,055 shares during the period. Finally, Hodges Capital Management Inc. boosted its position in Boot Barn Holdings by 23.2% in the fourth quarter. Hodges Capital Management Inc. now owns 219,700 shares of the company’s stock worth $2,700,000 after buying an additional 41,400 shares during the period.
Boot Barn Holdings (NYSE:BOOT) traded up 6.83% during trading on Wednesday, reaching $10.48. 596,650 shares of the company traded hands. The company has a market cap of $276.14 million and a PE ratio of 28.32. The company’s 50-day moving average is $8.65 and its 200 day moving average is $8.39. Boot Barn Holdings has a 12 month low of $5.20 and a 12 month high of $33.39.
Boot Barn Holdings (NYSE:BOOT) last announced its earnings results on Tuesday, July 26th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $133.40 million for the quarter, compared to analyst estimates of $130.73 million. The business’s quarterly revenue was up 39.0% on a year-over-year basis. During the same quarter last year, the business posted $0.11 earnings per share. On average, analysts anticipate that Boot Barn Holdings will post $0.68 earnings per share for the current year.
Boot Barn Holdings, Inc is a lifestyle retail chain. The Company is engaged in offering western and work-related footwear, apparel and accessories in the United States with 169 stores in 26 states as of March 28, 2015. Its stores are generally freestanding or located in strip centers, with an average of 10,748 square feet, and feature an assortment of approximately 200 brands.
