Boot Barn (BOOT) Gets a Hold Rating from Susquehanna

By Ryan Adsit

In a report released today, Sam Poser from Susquehanna maintained a Hold rating on Boot Barn (BOOTResearch Report), with a price target of $35. The company’s shares closed yesterday at $35.10, close to its 52-week high of $37.15.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 3.7% and a 51.5% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

Currently, the analyst consensus on Boot Barn is a Moderate Buy with an average price target of $35.60, a 1.4% upside from current levels. In a report issued on July 8, Robert W. Baird also downgraded the stock to Hold with a $36 price target.

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Boot Barn’s market cap is currently $995M and has a P/E ratio of 25.82. The company has a Price to Book ratio of 3.77.

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Boot Barn Holdings, Inc. engages in the operation of retail stores of western and work-related footwear, apparel, and accessories. Its products include boots, jeans, accessories, hats, gifts and home products, and work wear. Its brands include Ariat, Wrangler, Lucchese Boots, Idyllwind, and Cinch.