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

StockNews.com upgraded shares of Boot Barn (NYSE:BOOT - Free Report) from a sell rating to a hold rating in a report released on Monday morning.

A number of other research firms have also recently commented on BOOT. Baird R W upgraded shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. UBS Group dropped their price target on Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday. Craig Hallum cut Boot Barn from a "buy" rating to a "hold" rating and raised their price objective for the stock from $154.00 to $162.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their target price on Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Williams Trading reissued a "buy" rating and set a $173.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Boot Barn has a consensus rating of "Moderate Buy" and a consensus target price of $181.58.

Boot Barn Stock Performance

Shares of BOOT traded down $1.34 during mid-day trading on Monday, hitting $139.94. 493,608 shares of the stock were exchanged, compared to its average volume of 972,040. The firm has a 50-day moving average of $153.77 and a two-hundred day moving average of $147.08. Boot Barn has a 52-week low of $82.67 and a 52-week high of $176.64. The company has a market cap of $4.27 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 1.45 and a beta of 2.10.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. On average, sell-side analysts predict that Boot Barn will post 5.84 EPS for the current year.

Insider Buying and Selling at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 of the company's stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Boot Barn

A number of institutional investors have recently modified their holdings of BOOT. GHP Investment Advisors Inc. purchased a new stake in shares of Boot Barn during the 3rd quarter worth $25,000. Blue Trust Inc. boosted its holdings in Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock worth $26,000 after buying an additional 143 shares in the last quarter. Assetmark Inc. grew its position in Boot Barn by 45.2% during the fourth quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after buying an additional 113 shares during the period. GAMMA Investing LLC increased its holdings in Boot Barn by 100.8% in the third quarter. GAMMA Investing LLC now owns 534 shares of the company's stock valued at $89,000 after buying an additional 268 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Boot Barn during the 3rd quarter valued at approximately $92,000.

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.