Boot Barn Holdings, Inc. (NYSE:BOOT) Short Interest Update

Boot Barn Holdings, Inc. (NYSE:BOOT) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 2,780,000 shares, a decrease of 6.7% from the August 31st total of 2,980,000 shares. Based on an average trading volume of 663,700 shares, the short-interest ratio is currently 4.2 days.

Boot Barn Price Performance

BOOT traded up $1.71 during midday trading on Tuesday, hitting $168.99. 353,218 shares of the company’s stock traded hands, compared to its average volume of 761,424. The company has a market cap of $5.14 billion, a PE ratio of 34.78 and a beta of 2.11. The stock’s fifty day simple moving average is $140.82 and its 200-day simple moving average is $122.33. Boot Barn has a one year low of $66.73 and a one year high of $169.05.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. The company had revenue of $423.40 million for the quarter, compared to analyst estimates of $415.04 million. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 earnings per share. On average, research analysts expect that Boot Barn will post 5.31 EPS for the current year.

Analyst Ratings Changes

BOOT has been the subject of a number of recent analyst reports. Benchmark restated a “buy” rating and issued a $140.00 target price on shares of Boot Barn in a report on Wednesday, September 11th. TD Cowen lifted their price target on shares of Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. UBS Group boosted their target price on shares of Boot Barn from $125.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Boot Barn from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, Craig Hallum boosted their target price on shares of Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and a consensus price target of $143.80.

Institutional Investors Weigh In On Boot Barn

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Boot Barn by 111.1% in the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after buying an additional 140 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Boot Barn in the second quarter valued at about $64,000. 1620 Investment Advisors Inc. bought a new position in shares of Boot Barn in the second quarter valued at about $84,000. First Horizon Advisors Inc. raised its holdings in shares of Boot Barn by 11.2% in the second quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock valued at $120,000 after buying an additional 94 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Boot Barn in the fourth quarter valued at about $165,000.

Boot Barn Company Profile

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.