Boot Barn (BOOT) Receiving Somewhat Positive News Coverage, Analysis Finds

Media stories about Boot Barn (NYSE:BOOT) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Boot Barn earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.1557455720281 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

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Shares of NYSE BOOT traded up $0.31 during midday trading on Tuesday, hitting $17.52. 100,101 shares of the company’s stock were exchanged, compared to its average volume of 669,973. The company has a current ratio of 1.46, a quick ratio of 0.22 and a debt-to-equity ratio of 0.93. Boot Barn has a 12 month low of $5.90 and a 12 month high of $20.31. The company has a market capitalization of $468.97, a P/E ratio of 31.85, a P/E/G ratio of 0.85 and a beta of 1.59.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, January 31st. The company reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The company had revenue of $224.70 million during the quarter, compared to the consensus estimate of $225.00 million. Boot Barn had a return on equity of 9.55% and a net margin of 3.67%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. analysts predict that Boot Barn will post 0.7 EPS for the current fiscal year.

Several brokerages have recently commented on BOOT. Zacks Investment Research downgraded Boot Barn from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Pivotal Research began coverage on Boot Barn in a research note on Thursday, January 25th. They set a “hold” rating and a $18.00 target price for the company. Wells Fargo set a $20.00 target price on Boot Barn and gave the stock a “hold” rating in a research note on Thursday, January 11th. Robert W. Baird reiterated a “buy” rating and set a $24.00 target price on shares of Boot Barn in a research note on Thursday, February 1st. Finally, Jefferies Group reiterated a “buy” rating and set a $20.00 target price on shares of Boot Barn in a research note on Monday, December 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Boot Barn presently has a consensus rating of “Buy” and an average price target of $17.75.

In related news, insider Laurie Marie Grijalva sold 12,387 shares of Boot Barn stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $18.50, for a total transaction of $229,159.50. Following the completion of the sale, the insider now directly owns 19,635 shares of the company’s stock, valued at approximately $363,247.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James Grant Conroy sold 178,773 shares of Boot Barn stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $17.25, for a total value of $3,083,834.25. Following the sale, the chief executive officer now directly owns 182,580 shares of the company’s stock, valued at $3,149,505. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,682,831 shares of company stock valued at $115,327,897. 4.60% of the stock is currently owned by insiders.

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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, ladies, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.

Insider Buying and Selling by Quarter for Boot Barn (NYSE:BOOT)

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