Shares of Boot Barn Holdings Inc (NYSE:BOOT) have been assigned a consensus recommendation of “Buy” from the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $17.63.

BOOT has been the subject of a number of research analyst reports. Pivotal Research set a $19.00 target price on Boot Barn and gave the company a “hold” rating in a research report on Wednesday, January 31st. ValuEngine raised Boot Barn from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised Boot Barn from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Thursday, February 1st. Robert W. Baird reaffirmed a “buy” rating and set a $24.00 target price on shares of Boot Barn in a research report on Thursday, February 1st. Finally, TheStreet raised Boot Barn from a “d” rating to a “c” rating in a research report on Monday, October 30th.

In other news, CEO James Grant Conroy sold 178,773 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $17.25, for a total value of $3,083,834.25. Following the completion of the transaction, the chief executive officer now directly owns 182,580 shares of the company’s stock, valued at approximately $3,149,505. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Greg Bettinelli sold 51,192 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $17.25, for a total value of $883,062.00. Following the completion of the transaction, the director now directly owns 58,875 shares of the company’s stock, valued at $1,015,593.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,643,581 shares of company stock valued at $114,601,772. Corporate insiders own 4.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOOT. Fuller & Thaler Asset Management Inc. bought a new position in shares of Boot Barn in the 3rd quarter worth $3,674,000. GMT Capital Corp purchased a new position in Boot Barn during the 3rd quarter worth $3,492,000. Dimensional Fund Advisors LP grew its stake in Boot Barn by 83.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 626,993 shares of the company’s stock worth $4,439,000 after buying an additional 285,871 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in Boot Barn by 15.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,568,993 shares of the company’s stock worth $13,964,000 after buying an additional 213,405 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Boot Barn during the 3rd quarter worth $1,261,000.

Boot Barn (BOOT) traded up $0.27 on Tuesday, reaching $18.63. The company had a trading volume of 788,910 shares, compared to its average volume of 1,004,191. Boot Barn has a one year low of $5.90 and a one year high of $19.84. The company has a current ratio of 1.46, a quick ratio of 0.22 and a debt-to-equity ratio of 0.93. The stock has a market cap of $520.50, a PE ratio of 20.87, a P/E/G ratio of 1.78 and a beta of 1.71.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.46. Boot Barn had a return on equity of 9.55% and a net margin of 3.67%. The company had revenue of $224.70 million during the quarter, compared to analysts’ expectations of $225.00 million. During the same quarter in the previous year, the business earned $0.39 EPS. Boot Barn’s revenue was up 12.7% compared to the same quarter last year. sell-side analysts anticipate that Boot Barn will post 0.69 EPS for the current fiscal year.

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About Boot Barn

Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.

Analyst Recommendations for Boot Barn (NYSE:BOOT)

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