Equities research analysts at Susquehanna Bancshares started coverage on shares of Boot Barn (NYSE:BOOT) in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $35.00 price target on the stock. Susquehanna Bancshares’ price objective would indicate a potential downside of 1.24% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Piper Jaffray Companies increased their target price on shares of Boot Barn from $33.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. DA Davidson initiated coverage on shares of Nomad Foods in a research report on Wednesday, June 19th. They set a “buy” rating and a $26.00 target price for the company. Sidoti initiated coverage on shares of Boot Barn in a research report on Thursday, March 14th. They set a “buy” rating for the company. Zacks Investment Research lowered shares of GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Finally, Pivotal Research lowered shares of Boot Barn from a “buy” rating to a “hold” rating and increased their target price for the stock from $28.00 to $30.00 in a research report on Monday, May 13th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Boot Barn presently has an average rating of “Buy” and a consensus target price of $33.80.
Shares of BOOT stock opened at $35.44 on Friday. The firm has a 50-day moving average price of $32.15. The stock has a market capitalization of $1.00 billion, a P/E ratio of 28.35, a P/E/G ratio of 1.38 and a beta of 2.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.24 and a current ratio of 1.83. Boot Barn has a one year low of $15.01 and a one year high of $37.15.
In other Boot Barn news, CEO James Grant Conroy sold 81,224 shares of Boot Barn stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $33.00, for a total transaction of $2,680,392.00. Following the transaction, the chief executive officer now directly owns 25,868 shares of the company’s stock, valued at $853,644. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.
Several hedge funds have recently bought and sold shares of BOOT. Jennison Associates LLC purchased a new position in shares of Boot Barn during the first quarter worth approximately $14,318,000. Norges Bank purchased a new position in shares of Boot Barn in the fourth quarter worth $5,044,000. Columbus Circle Investors increased its stake in shares of Boot Barn by 109.1% in the first quarter. Columbus Circle Investors now owns 476,834 shares of the company’s stock worth $14,038,000 after buying an additional 248,764 shares during the period. Marshall Wace LLP increased its stake in shares of Boot Barn by 22.1% in the first quarter. Marshall Wace LLP now owns 1,094,563 shares of the company’s stock worth $32,223,000 after buying an additional 198,108 shares during the period. Finally, FMR LLC increased its stake in shares of Boot Barn by 24.4% in the fourth quarter. FMR LLC now owns 948,956 shares of the company’s stock worth $16,161,000 after buying an additional 186,222 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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