The stock of Boot Barn Holdings Inc (NYSE:BOOT) is a huge mover today! The stock decreased 3.25% or $0.37 on October 3, hitting $11.01. About 167,663 shares traded hands. Boot Barn Holdings Inc (NYSE:BOOT) has risen 10.88% since March 1, 2016 and is uptrending. It has underperformed by 1.34% the S&P500.
The move comes after 8 months negative chart setup for the $300.74M company. It was reported on Oct, 4 by Barchart.com. We have $9.69 PT which if reached, will make NYSE:BOOT worth $36.09 million less.
Analysts await Boot Barn Holdings Inc (NYSE:BOOT) to report earnings on November, 8. They expect $0.01 EPS, down 75.00% or $0.03 from last year’s $0.04 per share. BOOT’s profit will be $273,152 for 275.25 P/E if the $0.01 EPS becomes a reality. After $0.02 actual EPS reported by Boot Barn Holdings Inc for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.
Boot Barn Holdings Inc (NYSE:BOOT) Ratings Coverage
Out of 8 analysts covering Boot Barn Holdings (NYSE:BOOT), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. Boot Barn Holdings has been the topic of 19 analyst reports since September 30, 2015 according to StockzIntelligence Inc. Jefferies maintained Boot Barn Holdings Inc (NYSE:BOOT) rating on Wednesday, July 27. Jefferies has “Buy” rating and $13 price target. The firm earned “Buy” rating on Wednesday, February 3 by R. RIley. The company was downgraded on Wednesday, November 11 by BB&T Capital. The stock has “Neutral” rating given by Citigroup on Wednesday, July 20. As per Wednesday, September 30, the company rating was maintained by Piper Jaffray. Wells Fargo downgraded the stock to “Market Perform” rating in Thursday, November 19 report. B. Riley & Co maintained Boot Barn Holdings Inc (NYSE:BOOT) on Tuesday, January 12 with “Neutral” rating. JP Morgan downgraded the stock to “Neutral” rating in Friday, April 8 report. The rating was upgraded by B. Riley & Co to “Buy” on Wednesday, February 3. The rating was downgraded by B. Riley & Co on Friday, September 9 to “Neutral”.
According to Zacks Investment Research, “Boot Barn Holdings, Inc. operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. The company’s products include boots, denim, western shirts, cowboy hats, belts and belt buckles, and western-style jewellery and accessories; and rugged footwear, outerwear, overalls, denims, and shirts, as well as safety-toe boots, and flame-resistant and high-visibility clothing. It sells its products through bootbarn.com, an e-commerce Website. Boot Barn Holdings, Inc. is headquartered in Irvine, California.”
Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.94, from 1.96 in 2016Q1. The ratio is negative, as 21 funds sold all Boot Barn Holdings Inc shares owned while 20 reduced positions. 18 funds bought stakes while 24 increased positions. They now own 27.96 million shares or 0.03% less from 27.97 million shares in 2016Q1.
Veritable Limited Partnership has 25,000 shares for 0.01% of their US portfolio. Mackenzie reported 100,375 shares or 0% of all its holdings. Boston Prtn owns 273,415 shares or 0% of their US portfolio. California State Teachers Retirement System last reported 0% of its portfolio in the stock. Royal Fincl Bank Of Canada holds 0% of its portfolio in Boot Barn Holdings Inc (NYSE:BOOT) for 210 shares. Moreover, Bank & Trust Of New York Mellon Corp has 0% invested in Boot Barn Holdings Inc (NYSE:BOOT) for 109,648 shares. Globeflex Ltd Partnership has 133,528 shares for 0.32% of their US portfolio. Blackrock Fund Advsrs last reported 344,614 shares in the company. Blackrock Institutional Na has 0% invested in the company for 306,108 shares. The Illinois-based Tyvor Cap Ltd Liability Com has invested 1.32% in Boot Barn Holdings Inc (NYSE:BOOT). Citadel Advsr Ltd Llc, a Illinois-based fund reported 944,701 shares. Tiaa Cref Investment Mngmt Ltd Co has invested 0% of its portfolio in Boot Barn Holdings Inc (NYSE:BOOT). Invesco Limited last reported 0% of its portfolio in the stock. Rhumbline Advisers owns 13,302 shares or 0% of their US portfolio. Tower Research (Trc) holds 0% of its portfolio in Boot Barn Holdings Inc (NYSE:BOOT) for 300 shares.
More important recent Boot Barn Holdings Inc (NYSE:BOOT) news were published by: Marketwatch.com which released: “Boot Barn Holdings Inc.” on December 22, 2009, also Businesswire.com published article titled: “Boot Barn Holdings, Inc. Announces Definitive Agreement to Acquire Sheplers, Inc.”, Ocbj.com published: “Boot Barn Meets Street Targets” on August 01, 2016. More interesting news about Boot Barn Holdings Inc (NYSE:BOOT) was released by: Fool.com and their article: “Why Boot Barn Holdings Inc. Stock Plunged Today” with publication date: January 12, 2016.
BOOT Company Profile
Boot Barn Holdings, Inc., incorporated on November 17, 2011, 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. The Company’s stores average an area of approximately 11,490 square feet and feature an assortment of brands and styles. The Company’s boot selection, which consists of approximately one-third of each store’s selling square footage space, is merchandised on self-service fixtures with western boots arranged by size and work boots arranged by brand. It also carries assortments of denim, western shirts, cowboy hats, belts and belt buckles, western-style jewelry and accessories.
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