Boot Barn Holdings Inc (NYSE:BOOT)’s share price fell 1.5% on Monday . The stock traded as low as $29.91 and last traded at $29.83, 17,308 shares were traded during trading. A decline of 98% from the average session volume of 751,819 shares. The stock had previously closed at $30.27.
Several brokerages have recently weighed in on BOOT. Pivotal Research reiterated a “hold” rating and set a $35.00 price target (up previously from $31.00) on shares of Boot Barn in a research note on Thursday. Wells Fargo & Co set a $30.00 price objective on shares of Boot Barn and gave the company a “hold” rating in a research report on Friday, May 17th. Robert W. Baird downgraded shares of Boot Barn from an “outperform” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research report on Monday, July 8th. Piper Jaffray Companies raised their price objective on shares of Boot Barn from $41.00 to $46.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, DA Davidson began coverage on shares of Boot Barn in a research report on Wednesday, June 19th. They set a “buy” rating and a $41.00 price objective on the stock. Six equities research 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 stock. Boot Barn presently has a consensus rating of “Buy” and an average target price of $35.10.
The stock has a market cap of $836.60 million, a PE ratio of 24.55, a P/E/G ratio of 1.12 and a beta of 2.37. The firm’s 50-day simple moving average is $33.74. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.14 and a quick ratio of 0.24.
In other Boot Barn news, CEO James Grant Conroy sold 81,224 shares of Boot Barn stock in a transaction on Friday, June 14th. The shares were sold at an average price of $33.00, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc increased its holdings 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Boot Barn by 43.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,568 shares of the company’s stock worth $56,000 after buying an additional 476 shares in the last quarter. Globeflex Capital L P grew its stake in shares of Boot Barn by 15.1% in the 1st quarter. Globeflex Capital L P now owns 6,159 shares of the company’s stock worth $181,000 after buying an additional 810 shares in the last quarter. Swiss National Bank grew its stake in shares of Boot Barn by 1.9% in the 2nd quarter. Swiss National Bank now owns 52,700 shares of the company’s stock worth $1,878,000 after buying an additional 1,000 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC grew its stake in shares of Boot Barn by 14.8% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 8,158 shares of the company’s stock worth $291,000 after buying an additional 1,050 shares in the last quarter.
Boot Barn Company Profile (NYSE:BOOT)
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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