J P Morgan Chase & Co upgraded shares of Boot Barn Holdings, Inc. (NYSE:BOOT) from a neutral rating to an overweight rating in a report published on Wednesday, Marketbeat reports. They currently have $17.00 price objective on the stock.

BOOT has been the topic of a number of other reports. BidaskClub upgraded shares of Boot Barn Holdings from a hold rating to a buy rating in a research note on Saturday, November 11th. Citigroup Inc. boosted their target price on shares of Boot Barn Holdings from $10.00 to $12.00 and gave the company a buy rating in a research note on Friday, November 3rd. Piper Jaffray Companies reiterated a buy rating on shares of Boot Barn Holdings in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Boot Barn Holdings from a hold rating to a buy rating and set a $9.75 target price on the stock in a research note on Tuesday, October 3rd. Finally, Robert W. Baird upgraded shares of Boot Barn Holdings from a neutral rating to an outperform rating and boosted their target price for the company from $10.00 to $11.00 in a research note on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $11.97.

Boot Barn Holdings (NYSE:BOOT) opened at $13.69 on Wednesday. Boot Barn Holdings has a twelve month low of $5.90 and a twelve month high of $17.26. The firm has a market cap of $365.07, a PE ratio of 23.60, a P/E/G ratio of 1.44 and a beta of 1.24. The company has a current ratio of 1.32, a quick ratio of 0.16 and a debt-to-equity ratio of 1.04.

Boot Barn Holdings (NYSE:BOOT) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. Boot Barn Holdings had a net margin of 2.32% and a return on equity of 8.70%. The business had revenue of $143.10 million for the quarter, compared to analysts’ expectations of $139.92 million. During the same period in the previous year, the company earned $0.02 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. analysts predict that Boot Barn Holdings will post 0.61 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Frontier Capital Management Co. LLC raised its position in shares of Boot Barn Holdings by 3.5% in the third quarter. Frontier Capital Management Co. LLC now owns 2,487,413 shares of the company’s stock valued at $22,138,000 after purchasing an additional 84,222 shares during the period. Franklin Resources Inc. raised its position in shares of Boot Barn Holdings by 26.1% in the second quarter. Franklin Resources Inc. now owns 1,840,355 shares of the company’s stock valued at $13,030,000 after purchasing an additional 381,163 shares during the period. Stephens Investment Management Group LLC raised its position in shares of Boot Barn Holdings by 15.7% in the third quarter. Stephens Investment Management Group LLC now owns 1,568,993 shares of the company’s stock valued at $13,964,000 after purchasing an additional 213,405 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Boot Barn Holdings by 38.0% in 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 during the period. Finally, Citadel Advisors LLC raised its position in shares of Boot Barn Holdings by 1.8% in the third quarter. Citadel Advisors LLC now owns 540,305 shares of the company’s stock valued at $4,808,000 after purchasing an additional 9,437 shares during the period.

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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