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

Boot Barn Holdings, Inc. (NYSE:BOOT) was the recipient of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 2,140,000 shares, a growth of 7.0% from the November 15th total of 2,000,000 shares. Based on an average trading volume of 739,300 shares, the days-to-cover ratio is currently 2.9 days.

Boot Barn Trading Up 0.1 %

NYSE:BOOT traded up $0.11 during mid-day trading on Tuesday, hitting $149.00. The company’s stock had a trading volume of 522,552 shares, compared to its average volume of 762,254. The stock has a fifty day moving average of $145.01 and a 200-day moving average of $139.98. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 29.92 and a beta of 2.14. Boot Barn has a fifty-two week low of $68.37 and a fifty-two week high of $169.83.

Boot Barn (NYSE:BOOT) last issued its earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The business had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. Boot Barn’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. On average, equities analysts anticipate that Boot Barn will post 5.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price on the stock in a report on Wednesday, October 30th. Benchmark restated a “buy” rating and issued a $192.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. JPMorgan Chase & Co. boosted their target price on shares of Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Piper Sandler restated an “overweight” rating and issued a $179.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, UBS Group boosted their price objective on shares of Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.55.

Institutional Investors Weigh In On Boot Barn

Several institutional investors and hedge funds have recently made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new position in shares of Boot Barn in the 3rd quarter worth approximately $25,000. Canada Pension Plan Investment Board acquired a new position in Boot Barn in the second quarter worth $64,000. GAMMA Investing LLC grew its holdings in shares of Boot Barn by 100.8% during the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after purchasing an additional 268 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Boot Barn in the third quarter valued at $92,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Boot Barn in the second quarter valued at about $84,000.

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.