Several other research firms also recently issued reports on BOOT. Pivotal Research restated a buy rating and issued a $25.00 price objective on shares of Boot Barn in a research note on Wednesday, January 30th. Zacks Investment Research raised shares of Boot Barn from a hold rating to a buy rating and set a $35.00 price target for the company in a report on Tuesday, April 9th. Sidoti began coverage on shares of Boot Barn in a report on Thursday, March 14th. They set a buy rating for the company. Finally, Piper Jaffray Companies increased their price target on shares of Boot Barn from $33.00 to $41.00 and gave the stock an overweight rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $30.63.
Shares of BOOT stock opened at $26.67 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.62 and a quick ratio of 0.40. Boot Barn has a 12 month low of $15.01 and a 12 month high of $32.21. The firm has a market cap of $823.24 million, a P/E ratio of 38.10, a PEG ratio of 0.93 and a beta of 2.25.
Several hedge funds have recently added to or reduced their stakes in BOOT. MetLife Investment Advisors LLC boosted its position in Boot Barn by 106.1% during the third quarter. MetLife Investment Advisors LLC now owns 19,747 shares of the company’s stock worth $561,000 after acquiring an additional 10,167 shares during the last quarter. Summit Creek Advisors LLC boosted its position in Boot Barn by 8.0% during the first quarter. Summit Creek Advisors LLC now owns 478,040 shares of the company’s stock worth $14,073,000 after acquiring an additional 35,410 shares during the last quarter. Vanguard Group Inc boosted its position in Boot Barn by 30.6% during the third quarter. Vanguard Group Inc now owns 1,814,323 shares of the company’s stock worth $51,544,000 after acquiring an additional 425,193 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Boot Barn during the fourth quarter worth approximately $2,947,000. Finally, Rhumbline Advisers boosted its position in Boot Barn by 54.1% during the fourth quarter. Rhumbline Advisers now owns 35,836 shares of the company’s stock worth $610,000 after acquiring an additional 12,580 shares during the last quarter.
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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