Robert W. Baird upgraded shares of Boot Barn Holdings, Inc. (NYSE:BOOT) from a neutral rating to an outperform rating in a research note released on Friday morning, MarketBeat Ratings reports. The brokerage currently has $11.00 target price on the stock, up from their previous target price of $10.00.

BOOT has been the subject of a number of other research reports. ValuEngine raised Boot Barn Holdings from a buy rating to a strong-buy rating in a research note on Wednesday, May 17th. Zacks Investment Research cut Boot Barn Holdings from a hold rating to a sell rating in a research note on Thursday, June 1st. J P Morgan Chase & Co reissued a neutral rating and issued a $7.00 price objective (down previously from $11.00) on shares of Boot Barn Holdings in a research note on Tuesday, June 6th. Jefferies Group LLC reissued a buy rating and issued a $15.00 price objective on shares of Boot Barn Holdings in a research note on Tuesday, July 4th. Finally, Citigroup Inc. reissued a buy rating and issued a $9.00 price objective (down previously from $14.00) on shares of Boot Barn Holdings in a research note on Monday, June 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Boot Barn Holdings currently has an average rating of Hold and a consensus target price of $10.88.

Boot Barn Holdings (BOOT) traded down 0.206% during trading on Friday, reaching $9.221. The company’s stock had a trading volume of 130,478 shares. Boot Barn Holdings has a 12 month low of $5.90 and a 12 month high of $17.26. The company’s 50-day moving average is $6.84 and its 200-day moving average is $9.09. The stock has a market cap of $245.20 million, a PE ratio of 17.108 and a beta of 1.26.

Boot Barn Holdings (NYSE:BOOT) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.03 EPS for the quarter. Boot Barn Holdings had a return on equity of 8.58% and a net margin of 2.26%. The firm had revenue of $139.40 million during the quarter, compared to analysts’ expectations of $139 million. During the same quarter last year, the firm posted $0.02 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts expect that Boot Barn Holdings will post $0.61 EPS for the current fiscal year.

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In related news, Director Peter Starrett bought 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were bought at an average price of $6.12 per share, with a total value of $306,000.00. Following the completion of the transaction, the director now directly owns 4,726 shares in the company, valued at $28,923.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brenda I. Morris bought 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were bought at an average cost of $6.33 per share, for a total transaction of $44,310.00. Following the transaction, the director now owns 13,818 shares of the company’s stock, valued at $87,467.94. The disclosure for this purchase can be found here. 4.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Boot Barn Holdings by 28.4% in the fourth quarter. State Street Corp now owns 195,230 shares of the company’s stock valued at $2,446,000 after buying an additional 43,133 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Boot Barn Holdings during the fourth quarter valued at about $701,000. Norges Bank bought a new position in shares of Boot Barn Holdings during the fourth quarter valued at about $489,000. Bank of New York Mellon Corp boosted its position in shares of Boot Barn Holdings by 78.9% in the first quarter. Bank of New York Mellon Corp now owns 145,361 shares of the company’s stock valued at $1,438,000 after buying an additional 64,125 shares during the last quarter. Finally, Eagle Global Advisors LLC bought a new position in shares of Boot Barn Holdings during the first quarter valued at about $113,000.

About Boot Barn Holdings

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.

Analyst Recommendations for Boot Barn Holdings (NYSE:BOOT)

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