Robert W. Baird lowered shares of Boot Barn (NYSE:BOOT) from an outperform rating to a neutral rating in a report issued on Monday, BenzingaRatingsTable reports. They currently have $36.00 target price on the stock.
BOOT has been the topic of a number of other research reports. Sidoti initiated coverage on Boot Barn in a research note on Thursday, March 14th. They set a buy rating on the stock. Wells Fargo & Co set a $9.00 price objective on Bausch Health Companies and gave the stock a sell rating in a research note on Friday, May 17th. Pivotal Research lowered Boot Barn from a buy rating to a hold rating and boosted their price objective for the stock from $28.00 to $30.00 in a research note on Monday, May 13th. DA Davidson initiated coverage on Nomad Foods in a research note on Wednesday, June 19th. They set a buy rating and a $26.00 price objective on the stock. Finally, Piper Jaffray Companies boosted their price objective on Boot Barn from $33.00 to $41.00 and gave the stock an overweight rating in a research note on Monday, May 13th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $33.67.
Shares of BOOT opened at $35.10 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.83 and a quick ratio of 0.24. Boot Barn has a one year low of $15.01 and a one year high of $37.15. The stock has a market capitalization of $999.55 million, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.37 and a beta of 2.38. The stock’s 50 day moving average price is $32.04.
In other Boot Barn news, CEO James Grant Conroy sold 81,224 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $33.00, for a total transaction of $2,680,392.00. Following the transaction, the chief executive officer now owns 25,868 shares of the company’s stock, valued at $853,644. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in BOOT. Great West Life Assurance Co. Can acquired a new position in shares of Boot Barn in the 4th quarter valued at $41,000. NumerixS Investment Technologies Inc acquired a new position in shares of Boot Barn in the 4th quarter valued at $46,000. PNC Financial Services Group Inc. lifted its stake in shares of Boot Barn by 106.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,541 shares of the company’s stock valued at $60,000 after purchasing an additional 1,827 shares during the last quarter. Quantamental Technologies LLC lifted its stake in shares of Boot Barn by 407.4% in the 1st quarter. Quantamental Technologies LLC now owns 2,740 shares of the company’s stock valued at $81,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Boot Barn by 7.8% in the 4th quarter. Legal & General Group Plc now owns 5,058 shares of the company’s stock valued at $86,000 after purchasing an additional 368 shares during the last quarter.
About Boot Barn
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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