Shares of Boot Barn Holdings Inc (NYSE:BOOT) have earned an average recommendation of “Buy” from the twelve brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $29.00.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Tuesday, April 9th. ValuEngine upgraded Boot Barn from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Sidoti assumed coverage on Boot Barn in a research note on Thursday, March 14th. They issued a “buy” rating on the stock. Finally, Pivotal Research restated a “buy” rating and issued a $28.00 price target on shares of Boot Barn in a research note on Wednesday, February 6th.
Shares of BOOT stock traded down $0.23 on Thursday, reaching $29.06. The stock had a trading volume of 598,156 shares, compared to its average volume of 911,719. The company has a market cap of $829.76 million, a P/E ratio of 41.51, a price-to-earnings-growth ratio of 0.99 and a beta of 2.25. Boot Barn has a 1 year low of $15.01 and a 1 year high of $32.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.62 and a quick ratio of 0.40.
In related news, Director Brenda I. Morris sold 7,000 shares of Boot Barn stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $28.04, for a total transaction of $196,280.00. Following the transaction, the director now directly owns 17,724 shares in the company, valued at $496,980.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC lifted its position in Boot Barn by 106.1% during the third quarter. MetLife Investment Advisors LLC now owns 19,747 shares of the company’s stock valued at $561,000 after purchasing an additional 10,167 shares in the last quarter. BlackRock Inc. raised its holdings in Boot Barn by 27.4% during the third quarter. BlackRock Inc. now owns 1,871,793 shares of the company’s stock valued at $53,177,000 after acquiring an additional 403,006 shares during the period. Federated Investors Inc. PA raised its holdings in Boot Barn by 6,724.4% during the third quarter. Federated Investors Inc. PA now owns 60,123 shares of the company’s stock valued at $1,708,000 after acquiring an additional 59,242 shares during the period. Summit Creek Advisors LLC raised its holdings in Boot Barn by 8.0% during the first quarter. Summit Creek Advisors LLC now owns 478,040 shares of the company’s stock valued at $14,073,000 after acquiring an additional 35,410 shares during the period. Finally, Vanguard Group Inc raised its holdings in Boot Barn by 30.6% during the third quarter. Vanguard Group Inc now owns 1,814,323 shares of the company’s stock valued at $51,544,000 after acquiring an additional 425,193 shares during the period.
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.
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