Boot Barn (BOOT) Earns Buy Rating from Analysts at Sidoti
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.
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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