Boot Barn (NYSE:BOOT) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday, ValuEngine reports.

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.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.05. Boot Barn had a return on equity of 15.04% and a net margin of 5.02%. The firm had revenue of $192.76 million during the quarter, compared to analysts’ expectations of $189.29 million. During the same quarter in the previous year, the business earned $0.24 earnings per share. The company’s revenue was up 12.9% on a year-over-year basis. As a group, research analysts anticipate that Boot Barn will post 1.5 EPS for the current fiscal year.

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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Analyst Recommendations for Boot Barn (NYSE:BOOT)

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