Boot Barn Holdings, Inc. (NYSE:BOOT)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group LLC in a note issued to investors on Wednesday.

BOOT has been the subject of a number of other reports. Piper Jaffray Companies reiterated a “buy” rating on shares of Boot Barn Holdings in a report on Thursday, August 3rd. Zacks Investment Research upgraded Boot Barn Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Robert W. Baird upgraded Boot Barn Holdings from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $10.00 to $11.00 in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $10.34.

Boot Barn Holdings (NYSE:BOOT) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter. Boot Barn Holdings had a return on equity of 8.58% and a net margin of 2.26%. The firm had revenue of $139.40 million during the quarter, compared to analysts’ expectations of $139.00 million. During the same period in the prior year, the business earned $0.02 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOOT. Franklin Resources Inc. raised its position in Boot Barn Holdings by 26.1% during the 2nd quarter. Franklin Resources Inc. now owns 1,840,355 shares of the company’s stock valued at $13,030,000 after purchasing an additional 381,163 shares during the last quarter. Dimensional Fund Advisors LP raised its position in 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 last quarter. Stephens Investment Management Group LLC raised its position in 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 last quarter. Bank of New York Mellon Corp raised its position in 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 last quarter. Finally, Engineers Gate Manager LP bought a new position in Boot Barn Holdings during the 2nd quarter valued at approximately $395,000.

Boot Barn Holdings Company Profile

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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