Key Points
- CFO James Watkins bought 2,000 Boot Barn shares at an average price of $135.37, spending $270,740. The purchase increased his stake by 7.74% to 27,831 shares.
- Boot Barn’s latest quarterly results beat expectations: EPS was $1.73 versus a $1.63 consensus, while revenue rose 15.1% year over year to $581.81 million.
- The stock was down 1.2% in Friday trading. Analysts maintain a “Moderate Buy” consensus, with an average price target of $183.92.
Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) CFO James Watkins acquired 2,000 shares of Boot Barn stock in a transaction dated Thursday, November 12th. The stock was bought at an average price of $135.37 per share, for a total transaction of $270,740.00. Following the completion of the purchase, the chief financial officer owned 27,831 shares of the company's stock, valued at approximately $3,767,482.47. This represents a 7.74% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Boot Barn Trading Down 1.2%
NYSE:BOOT opened at $133.84 on Friday. The firm has a market cap of $4.00 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72. The stock has a fifty day moving average price of $127.53 and a 200 day moving average price of $155.92. Boot Barn Holdings, Inc. has a 12-month low of $110.53 and a 12-month high of $210.25.
Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.10. Boot Barn had a return on equity of 18.82% and a net margin of 10.45%. The company had revenue of $581.81 million for the quarter, compared to the consensus estimate of $580.80 million. During the same quarter in the prior year, the business earned $1.37 EPS. Boot Barn's revenue was up 15.1% on a year-over-year basis. Equities analysts forecast that Boot Barn Holdings, Inc. will post 8.93 EPS for the current year.
Institutional Trading of Boot Barn
Hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its holdings in Boot Barn by 361.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 48,448 shares of the company's stock worth $7,091,000 after buying an additional 37,951 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Boot Barn in the 2nd quarter valued at about $43,720,000. Fifth Third Bancorp increased its holdings in shares of Boot Barn by 15,768.5% in the 1st quarter. Fifth Third Bancorp now owns 34,276 shares of the company's stock valued at $5,017,000 after acquiring an additional 34,060 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Boot Barn by 7.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 212,327 shares of the company's stock valued at $34,879,000 after acquiring an additional 15,074 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Boot Barn by 335.5% in the 1st quarter. Hsbc Holdings PLC now owns 14,527 shares of the company's stock valued at $2,132,000 after acquiring an additional 11,191 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on BOOT shares. Jefferies Financial Group reissued a "buy" rating and set a $175.00 price objective on shares of Boot Barn in a research report on Friday, October 30th. The Goldman Sachs Group set a $203.00 target price on shares of Boot Barn in a report on Thursday, October 29th. Weiss Ratings raised shares of Boot Barn from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, November 4th. Stephens boosted their price target on shares of Boot Barn from $196.00 to $207.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Finally, UBS Group dropped their price objective on shares of Boot Barn from $232.00 to $194.00 and set a "buy" rating on the stock in a research report on Thursday, October 29th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Boot Barn has an average rating of "Moderate Buy" and a consensus target price of $183.92.
Read Our Latest Research Report on Boot Barn
About Boot Barn
(
Get Free Report)
Boot Barn Holdings, Inc. is a U.S. retailer specializing in Western and work-related footwear, apparel and accessories. It serves customers through retail stores and online sales. Its merchandise includes cowboy boots and other footwear, jeans, shirts, hats, outerwear, work clothing and safety footwear. Boot Barn sells products from third-party brands as well as private-label brands. The company serves customers across the United States and caters to Western lifestyle, workwear and outdoor customers.
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