Sidoti started coverage on shares of Boot Barn (NYSE:BOOT) in a research note published on Thursday morning, The Fly reports. The firm issued a buy rating on the stock.

Several other analysts also recently commented on the stock. Pivotal Research upgraded shares of Boot Barn from a hold rating to a buy rating and lowered their target price for the company from $27.00 to $24.00 in a report on Monday, January 7th. JPMorgan Chase & Co. reduced their price target on shares of Boot Barn from $34.00 to $23.00 and set an overweight rating for the company in a research report on Monday, January 7th. ValuEngine upgraded shares of Boot Barn from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Wells Fargo & Co reduced their price target on shares of Boot Barn from $29.00 to $19.00 and set a market perform rating for the company in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded shares of Boot Barn from a hold rating to a buy rating and set a $25.00 price target for the company in a research report on Wednesday, January 16th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $27.00.

BOOT opened at $27.50 on Thursday. The firm has a market cap of $779.05 million, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 1.14 and a beta of 2.32. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.40 and a current ratio of 1.62. Boot Barn has a 1-year low of $15.01 and a 1-year high of $31.61.

Boot Barn (NYSE:BOOT) last announced its earnings results on Tuesday, February 5th. The company reported $0.66 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. The company had revenue of $254.00 million during the quarter, compared to the consensus estimate of $254.55 million. Boot Barn had a net margin of 4.93% and a return on equity of 13.54%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, equities research analysts anticipate that Boot Barn will post 1.2 earnings per share for the current year.

In related news, Director Brenda I. Morris sold 7,000 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $28.04, for a total transaction of $196,280.00. Following the completion of the transaction, the director now owns 17,724 shares in the company, valued at $496,980.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of BOOT. Great West Life Assurance Co. Can bought a new position in Boot Barn during the fourth quarter worth about $41,000. NumerixS Investment Technologies Inc bought a new position in Boot Barn during the fourth quarter worth about $46,000. PNC Financial Services Group Inc. boosted its position in Boot Barn by 106.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,541 shares of the company’s stock worth $60,000 after purchasing an additional 1,827 shares during the period. Sterling Investment Advisors Ltd. boosted its position in Boot Barn by 33.3% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the company’s stock worth $68,000 after purchasing an additional 1,000 shares during the period. Finally, Legal & General Group Plc boosted its position in Boot Barn by 7.8% during the fourth quarter. Legal & General Group Plc now owns 5,058 shares of the company’s stock worth $86,000 after purchasing an additional 368 shares during the period.

About Boot Barn

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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Analyst Recommendations for Boot Barn (NYSE:BOOT)

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