Boot Barn Holdings Inc (NYSE:BOOT) fell 6.6% during trading on Wednesday . The stock traded as low as $29.17 and last traded at $29.19, 794,162 shares changed hands during mid-day trading. A decline of 12% from the average session volume of 907,050 shares. The stock had previously closed at $31.26.
Several research firms recently commented on BOOT. Robert W. Baird downgraded Boot Barn from an “outperform” rating to a “neutral” rating and set a $36.00 price objective for the company. in a report on Monday, July 8th. Piper Jaffray Companies lifted their price objective on Boot Barn from $41.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. ValuEngine downgraded Boot Barn from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. DA Davidson began coverage on Boot Barn in a report on Wednesday, June 19th. They issued a “buy” rating and a $41.00 price objective for the company. Finally, Citigroup downgraded Boot Barn from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $36.00 to $33.00 in a report on Monday, July 15th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Boot Barn presently has a consensus rating of “Buy” and a consensus target price of $35.10.
The company’s 50 day moving average price is $33.12. The stock has a market cap of $854.03 million, a price-to-earnings ratio of 23.54, a P/E/G ratio of 1.09 and a beta of 2.37. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.14 and a quick ratio of 0.16.
In other news, CEO James Grant Conroy sold 81,224 shares of Boot Barn stock in a transaction dated Friday, June 14th. The stock was 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 approximately $853,644. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. LS Investment Advisors LLC purchased a new position in Boot Barn in the 2nd quarter worth approximately $33,000. Sterling Investment Advisors Ltd. purchased a new position in Boot Barn in the 2nd quarter worth approximately $36,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Boot Barn by 43.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,568 shares of the company’s stock worth $56,000 after purchasing an additional 476 shares in the last quarter. Quantamental Technologies LLC lifted its holdings in Boot Barn by 407.4% in the 1st quarter. Quantamental Technologies LLC now owns 2,740 shares of the company’s stock worth $81,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Boot Barn by 7.8% in the 4th quarter. Legal & General Group Plc now owns 5,058 shares of the company’s stock worth $86,000 after purchasing an additional 368 shares in the last quarter.
Boot Barn Company Profile (NYSE:BOOT)
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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