Stock On Watch: Will Boot Barn Holdings Inc Go Down Anytime Soon?

Stock On Watch: Will Boot Barn Holdings Inc Go Down Anytime Soon?

The stock of Boot Barn Holdings Inc (NYSE:BOOT) is a huge mover today! About 220,831 shares traded hands or 12.44% up from the average. Boot Barn Holdings Inc (NYSE:BOOT) has risen 43.78% since April 5, 2016 and is uptrending. It has outperformed by 41.82% the S&P500.
The move comes after 6 months positive chart setup for the $373.20M company. It was reported on Nov, 7 by Barchart.com. We have $37.76 PT which if reached, will make NYSE:BOOT worth $626.98 million more.

Analysts await Boot Barn Holdings Inc (NYSE:BOOT) to report earnings on November, 8. They expect $0.01 earnings per share, down 75.00% or $0.03 from last year’s $0.04 per share. BOOT’s profit will be $264,869 for 352.25 P/E if the $0.01 EPS becomes a reality. After $0.02 actual earnings per share 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. Citigroup initiated Boot Barn Holdings Inc (NYSE:BOOT) rating on Wednesday, October 7. Citigroup has “Neutral” rating and $20 price target. BB&T Capital downgraded the shares of BOOT in a report on Wednesday, November 11 to “Hold” rating. B. Riley & Co upgraded the shares of BOOT in a report on Wednesday, February 3 to “Buy” rating. The company was downgraded on Friday, April 8 by JP Morgan. The company was maintained on Monday, March 21 by Citigroup. Jefferies maintained Boot Barn Holdings Inc (NYSE:BOOT) on Wednesday, July 27 with “Buy” rating. The firm has “Buy” rating by R. RIley given on Wednesday, February 3. The stock has “Neutral” rating given by B. Riley & Co on Friday, September 9. B. Riley & Co maintained Boot Barn Holdings Inc (NYSE:BOOT) on Tuesday, January 12 with “Neutral” rating. The firm earned “Overweight” rating on Wednesday, September 30 by Piper Jaffray.

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 dived, 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.
Goldman Sachs accumulated 0% or 1.45 million shares. Coe Capital Mngmt Limited has invested 0% of its portfolio in Boot Barn Holdings Inc (NYSE:BOOT). Primecap Mgmt Ca holds 0.02% or 1.77M shares in its portfolio. Citigroup Inc reported 64,097 shares or 0% of all its holdings. Boston Prtn holds 273,415 shares or 0% of its portfolio. Financial Bank Of America De accumulated 10,728 shares or 0% of the stock. Blackrock Inv Mngmt Llc has 67,019 shares for 0% of their US portfolio. Teachers Inc has 23,312 shares for 0% of their US portfolio. California State Teachers Retirement holds 27,943 shares or 0% of its portfolio. Tiaa Cref Mgmt Limited Liability accumulated 0% or 43,401 shares. New York State Common Retirement Fund has 0% invested in the company for 12,900 shares. Sandy Spring National Bank & Trust last reported 7,400 shares in the company. Price T Rowe Associates Md last reported 0% of its portfolio in the stock. D E Shaw, a New York-based fund reported 128,439 shares. Waddell & Reed Inc holds 0.01% or 631,275 shares in its portfolio.

More recent Boot Barn Holdings Inc (NYSE:BOOT) news were published by: Businesswire.com which released: “Boot Barn Holdings, Inc. to Report Second Quarter Fiscal Year 2017 Results on …” on October 19, 2016. Also Ocbj.com published the news titled: “Boot Barn Meets Street Targets” on August 01, 2016. Fool.com‘s news article titled: “Why Boot Barn Holdings Inc. Stock Plunged Today” with publication date: January 12, 2016 was also an interesting one.

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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