Wells Fargo & Company analysts recently upgraded Boot Barn (NYSE: BOOT) target price from an earlier $49.00 to $57.00, as per their report on the company issued this Monday, January 11.
The lifestyle retail-chain company was also marked with a revised “overweight” rating by the brokerage. The new PT (price target) issued by Wells Fargo & Company suggests a 17.31% upside since the company’s previous close.
BOOT stocks traded at $48.9 this Monday. The company’ current market capitalization stands at $1.40 billion. It has a positive PE ratio of 39.59 along with a beta of 3.07 at the moment. The price to earnings growth ratio (PEG) stands at 1.65. The current ratio is 1.36, quick ratio at 0.27 and the debt-to-equity ratio at 0.33. The 12-monthly high to low ranges from $48.91 to $8.03. The 50SMA (Simple Moving Average) stands at $41.96 and its 200SMA stands at $30.91.
Boot Barn (NYSE) Technical Stock Analysis
The quarterly earnings report for the previous fiscal quarter was released by the company on the 28th of October. The earnings stood at $0.20 EPS for that quarter as opposed to the general consensus on the estimated earnings at $0.14. The company’s estimated revenue was marked at $179.22 million. However, sources suggest that the company made approximately $184.52 million during that quarter beating the analysts’ estimates.
The company’s return on equity also stands at 10.57% along with the net margin of 4.45%. According to analyst’s reports, the company is likely to announce its FY2021 (Full Year 2021) EPS to be 1.32.
NYSE: BOOT has recently been the subject of a lot of reports by equities analysts. Some such as Zacks Investment Research, Jefferies Financial Research, JP Morgan, Piper Sandler and so on have posted reports on this firm over the last few months.
The recent consensus rating of Boot Barn stands at “Hold” and the consensus on the target price is $38.77. Several hedge funds have also been involved in buying and selling of this company’s shares recently.
