Boot Barn (NYSE:BOOT) Coverage Initiated by Analysts at Susquehanna Bancshares

Susquehanna Bancshares assumed coverage on shares of Boot Barn (NYSE:BOOT) in a research report report published on Friday, BenzingaRatingsTable reports. The firm issued a neutral rating and a $35.00 price target on the stock.

A number of other equities research analysts have also recently issued reports on the company. Robert W. Baird started coverage on Intellia Therapeutics in a research note on Monday, July 8th. They issued an outperform rating and a $23.00 target price on the stock. Sidoti started coverage on shares of Boot Barn in a research note on Thursday, March 14th. They set a buy rating on the stock. DA Davidson started coverage on shares of Nomad Foods in a research note on Wednesday, June 19th. They set a buy rating and a $26.00 price objective on the stock. ValuEngine upgraded shares of YY from a sell rating to a hold rating in a research note on Friday, June 7th. Finally, Zacks Investment Research cut shares of GreenTree Hospitality Group from a buy rating to a hold rating in a research note on Monday, May 20th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $33.80.

BOOT stock opened at $33.13 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.83 and a quick ratio of 0.24. The company has a market capitalization of $1.00 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 1.38 and a beta of 2.38. Boot Barn has a 1 year low of $15.01 and a 1 year high of $37.15. The company has a fifty day moving average of $32.42.

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

In other news, CEO James Grant Conroy sold 81,224 shares of Boot Barn stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $33.00, for a total transaction of $2,680,392.00. Following the completion of the sale, the chief executive officer now directly owns 25,868 shares in the company, valued at approximately $853,644. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can acquired a new stake in Boot Barn in the 4th quarter worth approximately $41,000. NumerixS Investment Technologies Inc acquired a new stake in Boot Barn in the 4th quarter worth approximately $46,000. Quantamental Technologies LLC lifted its holdings in Boot Barn by 407.4% in the 1st quarter. Quantamental Technologies LLC now owns 2,740 shares of the company’s stock worth $81,000 after purchasing an additional 2,200 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Boot Barn by 106.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,541 shares of the company’s stock worth $60,000 after purchasing an additional 1,827 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Boot Barn by 7.8% in the 4th quarter. Legal & General Group Plc now owns 5,058 shares of the company’s stock worth $86,000 after purchasing an additional 368 shares during the last quarter.

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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Analyst Recommendations for Boot Barn (NYSE:BOOT)

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