Boot Barn Holdings Inc. (NYSE:BOOT) was upgraded by Citigroup Inc. from a “neutral” rating to a “buy” rating in a research report issued on Monday.

A number of other research firms also recently commented on BOOT. B. Riley reissued a “neutral” rating and set a $14.00 target price on shares of Boot Barn Holdings in a research report on Sunday. Jefferies Group reaffirmed a “buy” rating and issued a $15.00 price objective (up previously from $13.00) on shares of Boot Barn Holdings in a research report on Friday, October 28th. Finally, Zacks Investment Research raised shares of Boot Barn Holdings from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Friday, October 28th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Boot Barn Holdings presently has a consensus rating of “Hold” and an average price target of $11.50.

Analyst Recommendations for Boot Barn Holdings (NYSE:BOOT)

Boot Barn Holdings (NYSE:BOOT) opened at 15.25 on Monday. The company’s 50-day moving average is $11.89 and its 200-day moving average is $10.05. The company has a market cap of $403.93 million, a P/E ratio of 34.50 and a beta of 1.37. Boot Barn Holdings has a 12 month low of $5.20 and a 12 month high of $15.52.

Boot Barn Holdings (NYSE:BOOT) last posted its earnings results on Wednesday, October 26th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $134 million for the quarter, compared to the consensus estimate of $131.61 million. Boot Barn Holdings had a net margin of 1.97% and a return on equity of 9.59%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS. On average, equities research analysts expect that Boot Barn Holdings will post $0.71 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in Boot Barn Holdings by 1.1% in the third quarter. California State Teachers Retirement System now owns 28,243 shares of the company’s stock worth $321,000 after buying an additional 300 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Boot Barn Holdings by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 36,784 shares of the company’s stock worth $318,000 after buying an additional 504 shares during the period. Bank of New York Mellon Corp boosted its stake in Boot Barn Holdings by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 109,648 shares of the company’s stock worth $945,000 after buying an additional 631 shares during the period. Rhumbline Advisers boosted its stake in Boot Barn Holdings by 7.5% in the third quarter. Rhumbline Advisers now owns 14,302 shares of the company’s stock worth $163,000 after buying an additional 1,000 shares during the period. Finally, BlackRock Inc. boosted its stake in Boot Barn Holdings by 8.6% in the third quarter. BlackRock Inc. now owns 21,360 shares of the company’s stock worth $243,000 after buying an additional 1,700 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.

5 Day Chart for NYSE:BOOT

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