Pivotal Research analyst Mitch Kummetz reiterated a Hold rating on Boot Barn (BOOT) today and set a price target of $21.00. The company’s shares closed last Friday at $19.36.
According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 3.2% and a 56.0% success rate. Kummetz covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and Deckers Outdoor.
Currently, the analyst consensus on Boot Barn is a Moderate Buy with an average price target of $23.00.
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Based on Boot Barn’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $189 million and net profit of $5.73 million. In comparison, last year the company earned revenue of $193 million and had a net profit of $8.7 million.
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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. The company was founded in 1978 and is headquartered in Irvine, CA.
