Boot Barn Holdings, Inc. (NYSE:BOOT) had its price objective upped by equities research analysts at Citigroup Inc. from $10.00 to $12.00 in a research note issued on Friday. The brokerage currently has a “buy” rating on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 21.21% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Jefferies Group LLC reissued a “buy” rating on shares of Boot Barn Holdings in a research report on Wednesday, October 11th. Robert W. Baird reissued a “buy” rating and issued a $11.00 price objective on shares of Boot Barn Holdings in a research report on Friday, October 13th. Zacks Investment Research upgraded Boot Barn Holdings from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research note on Tuesday, October 3rd. Piper Jaffray Companies restated a “buy” rating on shares of Boot Barn Holdings in a research note on Thursday, August 3rd. Finally, TheStreet upgraded Boot Barn Holdings from a “d” rating to a “c” rating in a research note on Monday, October 30th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $10.72.

Boot Barn Holdings (NYSE:BOOT) opened at $9.90 on Friday. The company has a quick ratio of 0.16, a current ratio of 1.37 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $263.26, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.24.

Boot Barn Holdings (NYSE:BOOT) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Boot Barn Holdings had a return on equity of 8.75% and a net margin of 2.32%. The business had revenue of $143.10 million for the quarter, compared to analysts’ expectations of $139.92 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. analysts anticipate that Boot Barn Holdings will post 0.58 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of BOOT. Franklin Resources Inc. raised its stake in shares of Boot Barn Holdings by 26.1% in the second quarter. Franklin Resources Inc. now owns 1,840,355 shares of the company’s stock valued at $13,030,000 after buying an additional 381,163 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Boot Barn Holdings by 83.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 626,993 shares of the company’s stock valued at $4,439,000 after purchasing an additional 285,871 shares during the period. Stephens Investment Management Group LLC raised its stake in shares of Boot Barn Holdings by 10.3% during the 2nd quarter. Stephens Investment Management Group LLC now owns 1,355,588 shares of the company’s stock valued at $9,598,000 after purchasing an additional 127,021 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of Boot Barn Holdings by 3.5% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,487,413 shares of the company’s stock valued at $22,138,000 after purchasing an additional 84,222 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Boot Barn Holdings by 78.9% during the 1st quarter. Bank of New York Mellon Corp now owns 145,361 shares of the company’s stock valued at $1,438,000 after purchasing an additional 64,125 shares during the period.

About Boot Barn Holdings

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 Holdings (NYSE:BOOT)

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