Boot Barn Holdings Inc (NYSE:BOOT) was the target of unusually large options trading on Monday. Stock traders bought 18,211 call options on the stock. This represents an increase of 6,290% compared to the average daily volume of 285 call options.
Several research firms have recently commented on BOOT. TheStreet upgraded Boot Barn from a “c+” rating to a “b” rating in a research report on Tuesday, August 28th. Citigroup raised their price target on Boot Barn from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. Pivotal Research restated a “hold” rating and set a $27.00 price target on shares of Boot Barn in a research report on Wednesday, October 24th. Zacks Investment Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Friday, October 12th. Finally, William Blair assumed coverage on Boot Barn in a research note on Tuesday, October 9th. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Boot Barn presently has an average rating of “Buy” and a consensus target price of $28.88.
Shares of NYSE BOOT opened at $24.21 on Tuesday. The firm has a market capitalization of $641.39 million, a PE ratio of 34.59, a P/E/G ratio of 0.88 and a beta of 1.85. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.20 and a current ratio of 1.56. Boot Barn has a 12-month low of $14.34 and a 12-month high of $31.61.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can raised its stake in Boot Barn by 3,722.2% in the second quarter. Bank of Montreal Can now owns 63,449 shares of the company’s stock valued at $1,316,000 after buying an additional 61,789 shares in the last quarter. Acadian Asset Management LLC raised its stake in Boot Barn by 175.9% in the second quarter. Acadian Asset Management LLC now owns 92,565 shares of the company’s stock valued at $1,921,000 after buying an additional 59,010 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Boot Barn by 3,416.5% in the second quarter. BNP Paribas Arbitrage SA now owns 176,038 shares of the company’s stock valued at $3,653,000 after buying an additional 171,032 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Boot Barn in the second quarter valued at $891,000. Finally, Algert Global LLC raised its stake in Boot Barn by 74.2% in the second quarter. Algert Global LLC now owns 29,212 shares of the company’s stock valued at $606,000 after buying an additional 12,442 shares in the last quarter.
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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.
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