Boot Barn (NYSE:BOOT) Stock Rating Upgraded by StockNews.com

Boot Barn (NYSE:BOOT) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

BOOT has been the topic of several other research reports. UBS Group lowered their price objective on Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday. Craig Hallum downgraded shares of Boot Barn from a “buy” rating to a “hold” rating and boosted their price objective for the company from $154.00 to $162.00 in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on shares of Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Benchmark restated a “buy” rating and set a $192.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Finally, Williams Trading reissued a “buy” rating and set a $173.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and an average price target of $181.58.

Boot Barn Price Performance

Boot Barn stock opened at $144.40 on Monday. Boot Barn has a fifty-two week low of $80.33 and a fifty-two week high of $176.64. The firm has a market capitalization of $4.41 billion, a PE ratio of 25.78, a P/E/G ratio of 1.45 and a beta of 2.10. The company’s 50-day moving average is $153.52 and its 200-day moving average is $147.14.

Boot Barn (NYSE:BOOT) last posted its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. As a group, analysts expect that Boot Barn will post 5.84 EPS for the current year.

Insider Transactions at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the sale, the chief executive officer now directly owns 3,937 shares in the company, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Boot Barn

Large investors have recently made changes to their positions in the company. Mackenzie Financial Corp bought a new position in shares of Boot Barn in the second quarter valued at approximately $238,000. Creative Planning grew its position in Boot Barn by 97.2% in the 2nd quarter. Creative Planning now owns 5,956 shares of the company’s stock worth $768,000 after purchasing an additional 2,935 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Boot Barn by 58.4% during the 3rd quarter. SG Americas Securities LLC now owns 6,967 shares of the company’s stock worth $1,165,000 after buying an additional 2,568 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Boot Barn by 34.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 9,300 shares of the company’s stock worth $1,556,000 after buying an additional 2,400 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Boot Barn by 100.8% during the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock valued at $89,000 after acquiring an additional 268 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.