A number of other research firms have also recently commented on BOOT. DA Davidson began coverage on Boot Barn in a research note on Wednesday, June 19th. They set a buy rating and a $41.00 target price on the stock. Citigroup cut Boot Barn from a buy rating to a neutral rating and lowered their target price for the stock from $36.00 to $33.00 in a research note on Monday, July 15th. Wells Fargo & Co set a $30.00 target price on Boot Barn and gave the stock a hold rating in a research note on Friday, May 17th. Piper Jaffray Companies lifted their target price on Boot Barn from $41.00 to $46.00 and gave the stock an overweight rating in a research note on Thursday. Finally, Susquehanna Bancshares began coverage on Boot Barn in a research note on Friday, July 12th. They set a neutral rating and a $35.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $35.10.
NYSE:BOOT traded down $2.49 during trading hours on Thursday, hitting $30.27. 2,008,012 shares of the company traded hands, compared to its average volume of 751,819. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.24 and a current ratio of 1.14. The business’s 50-day simple moving average is $33.92. Boot Barn has a one year low of $15.01 and a one year high of $39.59. The firm has a market cap of $932.89 million, a P/E ratio of 24.41, a PEG ratio of 1.21 and a beta of 2.37.
In other news, CEO James Grant Conroy sold 81,224 shares of Boot Barn 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 sale, the chief executive officer now directly owns 25,868 shares in the company, valued at approximately $853,644. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can bought a new stake in Boot Barn in the 4th quarter valued at about $41,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Boot Barn by 43.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,568 shares of the company’s stock valued at $56,000 after acquiring an additional 476 shares during the period. Quantamental Technologies LLC raised its stake in 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 acquiring an additional 2,200 shares during the period. Legal & General Group Plc raised its stake in 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 acquiring an additional 368 shares during the period. Finally, Aperio Group LLC bought a new stake in Boot Barn in the 2nd quarter valued at about $100,000.
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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