Jefferies Raises Price Target on Boot Barn Holdings (BOOT) to $15

October 27, 2016 8:55 AM EDT
Get Alerts BOOT Hot Sheet
Price: $11.90 +1.88%

Rating Summary:
    5 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade BOOT Now!
Join SI Premium – FREE

Find out which companies are about to raise their dividend well before the news hits the Street with's Dividend Insider Elite. Sign-up for a FREE trial here.

Jefferies reiterated a Buy rating on Boot Barn Holdings (NYSE: BOOT), and raised the price target to $15.00 (from $13.00), following the company's 2Q earnings report. Comps were +1.8%, exceeding the consensus and accelerating sequentially from flat in F'1Q. BOOT will lap the weakest performance in commodity sensitive regions during F'3Q, which should help these regions further stabilize.

Analyst Randal Konik commented, "BOOT reported an in-line F'2Q, characterized by improving top-line trends, with the momentum continuing into F'3Q. We believe BOOT is executing well in a tough environment, and continue to see significant opportunity as external headwinds abate and the LT growth potential comes back into focus. Maintain Buy, Raining PT to $15 from $13."

For an analyst ratings summary and ratings history on Boot Barn click here. For more ratings news on Boot Barn click here.

Shares of Boot Barn closed at $11.00 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Jefferies & Co, Earnings, Randal Konik

Add Your Comment