BOOT has been the subject of several other research reports. Piper Sandler raised their target price on Boot Barn from to and gave the stock an overweight rating in a research note on Tuesday. DA Davidson restated a buy rating and issued a $52.00 target price on shares of Boot Barn in a research report on Tuesday. Cowen upped their price target on Boot Barn from $47.00 to $50.00 and gave the company an outperform rating in a research note on Tuesday. Pivotal Research reissued a hold rating and set a $46.00 price objective (up from $40.00) on shares of Boot Barn in a research report on Tuesday. Finally, Stephens started coverage on Boot Barn in a research report on Tuesday, October 8th. They set an overweight rating and a $46.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Boot Barn presently has a consensus rating of Buy and an average target price of $44.00.
BOOT stock traded down $0.04 during trading on Wednesday, reaching $44.23. 16,466 shares of the stock were exchanged, compared to its average volume of 665,695. The company has a current ratio of 1.14, a quick ratio of 0.12 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 35.69, a P/E/G ratio of 1.47 and a beta of 2.27. The business has a 50 day moving average price of $43.33 and a 200-day moving average price of $37.09. Boot Barn has a 1 year low of $20.94 and a 1 year high of $48.11.
In other news, insider Laurie Marie Grijalva sold 19,625 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $39.91, for a total value of $783,233.75. Following the completion of the transaction, the insider now owns 21,747 shares of the company’s stock, valued at $867,922.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Brenda I. Morris sold 2,500 shares of Boot Barn stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $42.21, for a total transaction of $105,525.00. The disclosure for this sale can be found here. In the last three months, insiders sold 145,111 shares of company stock worth $6,084,607. 1.70% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Boot Barn by 114.1% in the 2nd quarter. BlackRock Inc. now owns 4,132,782 shares of the company’s stock valued at $147,293,000 after purchasing an additional 2,202,171 shares in the last quarter. Invesco Ltd. raised its holdings in Boot Barn by 130.9% in the second quarter. Invesco Ltd. now owns 1,914,562 shares of the company’s stock valued at $68,234,000 after acquiring an additional 1,085,550 shares in the last quarter. Vanguard Group Inc. raised its holdings in Boot Barn by 21.2% in the second quarter. Vanguard Group Inc. now owns 2,587,530 shares of the company’s stock valued at $92,220,000 after acquiring an additional 452,793 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Boot Barn by 1,460.8% in the second quarter. Renaissance Technologies LLC now owns 454,200 shares of the company’s stock worth $16,188,000 after acquiring an additional 425,100 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new position in Boot Barn in the third quarter worth approximately $10,743,000.
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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