Boot Barn (BOOT) Stock Rating Upgraded by ValuEngine
Several other research firms have also recently weighed in on BOOT. Zacks Investment Research upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Tuesday, April 9th. Pivotal Research cut Boot Barn from a “buy” rating to a “hold” rating and boosted their price target for the stock from $28.00 to $30.00 in a research note on Monday, May 13th. Sidoti began coverage on Boot Barn in a research note on Thursday, March 14th. They issued a “buy” rating for the company. Wells Fargo & Co set a $30.00 price target on Boot Barn and gave the stock a “hold” rating in a research note on Friday, May 17th. Finally, Piper Jaffray Companies boosted their price target on Boot Barn from $33.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.29.
BOOT stock opened at $29.50 on Wednesday. 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. The firm has a market capitalization of $811.06 million, a PE ratio of 23.79, a price-to-earnings-growth ratio of 0.84 and a beta of 2.25.
Institutional investors have recently bought and sold shares of the stock. Great West Life Assurance Co. Can purchased a new stake in Boot Barn during the fourth quarter valued at $41,000. NumerixS Investment Technologies Inc bought a new stake in Boot Barn during the fourth quarter valued at about $46,000. PNC Financial Services Group Inc. grew its holdings 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 valued at $60,000 after purchasing an additional 1,827 shares during the period. Quantamental Technologies LLC grew its holdings in Boot Barn by 407.4% during the first quarter. Quantamental Technologies LLC now owns 2,740 shares of the company’s stock valued at $81,000 after purchasing an additional 2,200 shares during the period. Finally, Legal & General Group Plc grew its holdings in Boot Barn by 7.8% during the fourth quarter. Legal & General Group Plc now owns 5,058 shares of the company’s stock valued at $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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