Boot Barn (NYSE:BOOT) Raised to Hold at Stephens

Boot Barn (NYSE:BOOT - Get Free Report) was upgraded by research analysts at Stephens to a "hold" rating in a research note issued to investors on Tuesday, April 8th,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird lowered their target price on shares of Boot Barn from $190.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. BTIG Research increased their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a report on Monday, January 13th. Craig Hallum set a $178.00 target price on Boot Barn in a report on Friday, January 31st. Bank of America increased their price target on Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, StockNews.com downgraded Boot Barn from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued 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 $175.62.

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Boot Barn Trading Down 6.2 %

NYSE BOOT traded down $6.11 on Tuesday, reaching $91.74. 1,106,334 shares of the stock were exchanged, compared to its average volume of 1,015,540. The firm has a market capitalization of $2.81 billion, a PE ratio of 16.38, a PEG ratio of 1.17 and a beta of 1.75. Boot Barn has a one year low of $88.23 and a one year high of $176.64. The company's 50-day simple moving average is $114.01 and its two-hundred day simple moving average is $138.05.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) 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%. Sell-side analysts forecast that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Institutional Trading of Boot Barn

Hedge funds and other institutional investors have recently bought and sold shares of the business. Stifel Financial Corp grew its stake in Boot Barn by 5.9% in the 3rd quarter. Stifel Financial Corp now owns 20,592 shares of the company's stock worth $3,445,000 after acquiring an additional 1,141 shares in the last quarter. State Street Corp increased its stake in Boot Barn by 4.4% during the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company's stock valued at $202,132,000 after purchasing an additional 51,356 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Boot Barn by 1.0% in the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock worth $113,150,000 after buying an additional 6,369 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in shares of Boot Barn during the third quarter worth $212,000. Finally, Franklin Resources Inc. grew its holdings in shares of Boot Barn by 1.0% during the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company's stock valued at $68,004,000 after buying an additional 4,226 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.