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.

In related news, insider Laurie Marie Grijalva sold 41,779 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $29.90, for a total value of $1,249,192.10. Following the completion of the transaction, the insider now directly owns 18,327 shares of the company’s stock, valued at approximately $547,977.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory V. Hackman sold 18,093 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $29.47, for a total value of $533,200.71. Following the completion of the transaction, the chief financial officer now directly owns 46,705 shares of the company’s stock, valued at $1,376,396.35. The disclosure for this sale can be found here. Insiders sold a total of 134,597 shares of company stock valued at $3,982,297 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

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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Analyst Recommendations for Boot Barn (NYSE:BOOT)

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