Boot Barn Holdings Inc (BOOT) Given Average Recommendation of “Buy” by Brokerages
Boot Barn Holdings Inc (NYSE:BOOT) has been given an average recommendation of “Buy” by the twelve ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $27.56.
BOOT has been the subject of a number of analyst reports. TheStreet raised Boot Barn from a “c+” rating to a “b” rating in a research note on Tuesday, August 28th. Jefferies Financial Group increased their target price on Boot Barn from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, October 26th. ValuEngine downgraded Boot Barn from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 6th. Citigroup increased their target price on Boot Barn from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, September 21st. Finally, Pivotal Research set a $24.00 target price on Boot Barn and gave the stock a “hold” rating in a research note on Wednesday, August 8th.
BOOT traded down $0.46 on Thursday, hitting $22.11. 1,190,200 shares of the company traded hands, compared to its average volume of 742,771. The company has a market cap of $712.50 million, a PE ratio of 31.59, a P/E/G ratio of 0.98 and a beta of 1.87. Boot Barn has a 12-month low of $12.61 and a 12-month high of $31.61. The company has a quick ratio of 0.20, a current ratio of 1.56 and a debt-to-equity ratio of 0.77.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BOOT. Envestnet Asset Management Inc. acquired a new stake in Boot Barn during the 2nd quarter valued at $142,000. Harvest Fund Management Co. Ltd acquired a new stake in Boot Barn during the 3rd quarter valued at $174,000. Kessler Investment Group LLC acquired a new stake in Boot Barn during the 3rd quarter valued at $177,000. Globeflex Capital L P grew its holdings in Boot Barn by 48.8% during the 3rd quarter. Globeflex Capital L P now owns 6,304 shares of the company’s stock valued at $179,000 after buying an additional 2,067 shares during the last quarter. Finally, Raymond James & Associates acquired a new stake in Boot Barn during the 2nd quarter valued at $201,000.
Boot Barn Company Profile
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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