Boot Barn Holdings, Inc. (BOOT) Trading Up 8.3%

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) shot up 8.3% during mid-day trading on Thursday . The stock traded as high as $13.00 and last traded at $12.66. 1,506,700 shares traded hands during mid-day trading, an increase of 309% from the average session volume of 368,582 shares. The stock had previously closed at $11.69.

Several research firms recently issued reports on BOOT. Zacks Investment Research raised Boot Barn Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Piper Jaffray Companies reissued a “buy” rating on shares of Boot Barn Holdings in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating on shares of Boot Barn Holdings in a research note on Wednesday, October 11th. Robert W. Baird raised their target price on Boot Barn Holdings from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Finally, J P Morgan Chase & Co raised Boot Barn Holdings from a “neutral” rating to an “overweight” rating and set a $17.00 target price on the stock in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $11.97.

The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 0.16. The firm has a market cap of $311.74, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.26 and a beta of 1.24.

Boot Barn Holdings (NYSE:BOOT) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Boot Barn Holdings had a net margin of 2.32% and a return on equity of 8.70%. The business had revenue of $143.10 million during the quarter, compared to analyst estimates of $139.92 million. During the same period last year, the business posted $0.02 earnings per share. Boot Barn Holdings’s quarterly revenue was up 6.8% compared to the same quarter last year. research analysts predict that Boot Barn Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of BOOT. Trexquant Investment LP purchased a new stake in Boot Barn Holdings in the second quarter worth about $106,000. Capital Fund Management S.A. purchased a new stake in Boot Barn Holdings in the second quarter worth about $114,000. BlueCrest Capital Management Ltd purchased a new stake in Boot Barn Holdings in the second quarter worth about $116,000. Cubist Systematic Strategies LLC purchased a new stake in Boot Barn Holdings in the third quarter worth about $151,000. Finally, Eagle Global Advisors LLC lifted its holdings in Boot Barn Holdings by 97.3% in the second quarter. Eagle Global Advisors LLC now owns 22,630 shares of the company’s stock worth $160,000 after buying an additional 11,160 shares during the period.

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About Boot Barn Holdings

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.

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