ValuEngine upgraded shares of Boot Barn (NYSE:BOOT) from a hold rating to a buy rating in a research report report published on Friday morning.
Several other research firms also recently weighed in on BOOT. Citigroup lifted their target price on shares of Boot Barn from $10.00 to $12.00 and gave the stock a buy rating in a research report on Friday, November 3rd. Jefferies Group reissued a buy rating on shares of Boot Barn in a research report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Boot Barn from a buy rating to a hold rating in a research report on Wednesday, January 31st. BidaskClub raised shares of Boot Barn from a hold rating to a buy rating in a research report on Saturday, November 11th. Finally, Robert W. Baird reissued a buy rating and issued a $11.00 target price on shares of Boot Barn in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $17.63.
Shares of Boot Barn (NYSE BOOT) opened at $19.19 on Friday. The company has a quick ratio of 0.22, a current ratio of 1.46 and a debt-to-equity ratio of 0.93. Boot Barn has a fifty-two week low of $5.90 and a fifty-two week high of $19.66. The company has a market cap of $520.50, a P/E ratio of 29.52, a P/E/G ratio of 1.78 and a beta of 1.71.
In related news, Director Greg Bettinelli sold 51,192 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $17.25, for a total transaction of $883,062.00. Following the transaction, the director now directly owns 58,875 shares of the company’s stock, valued at $1,015,593.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Grant Conroy sold 178,773 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $17.25, for a total transaction of $3,083,834.25. Following the transaction, the chief executive officer now directly owns 182,580 shares in the company, valued at $3,149,505. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,643,581 shares of company stock worth $114,601,772. 4.60% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP purchased a new position in Boot Barn during the fourth quarter valued at approximately $673,000. Acadian Asset Management LLC purchased a new position in Boot Barn during the fourth quarter valued at approximately $348,000. GSA Capital Partners LLP purchased a new position in Boot Barn during the third quarter valued at approximately $1,261,000. Cubist Systematic Strategies LLC purchased a new position in Boot Barn during the third quarter valued at approximately $151,000. Finally, Dimensional Fund Advisors LP grew its position in Boot Barn by 38.0% during the third quarter. Dimensional Fund Advisors LP now owns 865,400 shares of the company’s stock valued at $7,702,000 after purchasing an additional 238,407 shares in the last quarter.
Boot Barn Company Profile
Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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