Boot Barn (NYSE:BOOT) had its target price increased by Piper Jaffray Companies from $33.00 to $41.00 in a research report released on Monday morning, The Fly reports. The brokerage currently has an overweight rating on the stock. Piper Jaffray Companies also issued estimates for Boot Barn’s FY2020 earnings at $1.51 EPS and FY2021 earnings at $1.88 EPS.
Several other brokerages also recently commented on BOOT. Zacks Investment Research raised shares of Boot Barn from a hold rating to a buy rating and set a $35.00 price objective for the company in a research note on Tuesday, April 9th. Pivotal Research downgraded shares of Boot Barn from a buy rating to a hold rating and upped their price objective for the company from $28.00 to $30.00 in a research note on Monday. ValuEngine raised shares of Boot Barn from a hold rating to a buy rating in a research note on Wednesday, March 27th. Finally, Sidoti began coverage on shares of Boot Barn in a research note on Thursday, March 14th. They set a buy rating for the company. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $30.63.
Shares of NYSE:BOOT opened at $27.16 on Monday. The stock has a market cap of $743.07 million, a PE ratio of 38.80, a PEG ratio of 0.84 and a beta of 2.25. The company has a quick ratio of 0.40, a current ratio of 1.62 and a debt-to-equity ratio of 0.71. Boot Barn has a 12 month low of $15.01 and a 12 month high of $32.21.
Several hedge funds and other institutional investors have recently made changes to their positions in BOOT. Great West Life Assurance Co. Can purchased a new position in shares of Boot Barn during the fourth quarter valued at about $41,000. NumerixS Investment Technologies Inc purchased a new position in shares of Boot Barn during the fourth quarter valued at about $46,000. PNC Financial Services Group Inc. increased its position in shares of Boot Barn by 106.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,541 shares of the company’s stock valued at $60,000 after buying an additional 1,827 shares during the period. Sterling Investment Advisors Ltd. increased its position in shares of Boot Barn by 33.3% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the company’s stock valued at $68,000 after buying an additional 1,000 shares during the period. Finally, Quantamental Technologies LLC increased its position in shares of Boot Barn by 407.4% during the first quarter. Quantamental Technologies LLC now owns 2,740 shares of the company’s stock valued at $81,000 after buying an additional 2,200 shares during the period.
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.
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