J P Morgan Chase & Co upgraded shares of Boot Barn (NYSE:BOOT) from a neutral rating to an overweight rating in a report released on Sunday. The firm currently has $17.00 price objective on the stock, up from their previous price objective of $9.00.

Several other equities analysts also recently commented on BOOT. Piper Jaffray Companies reiterated a buy rating on shares of Boot Barn in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Boot Barn from a sell rating to a hold rating in a research note on Thursday, August 3rd. Robert W. Baird upgraded Boot Barn from a neutral rating to an outperform rating and upped their price objective for the company from $10.00 to $11.00 in a research note on Friday, August 4th. Jefferies Group restated a buy rating on shares of Boot Barn in a research report on Wednesday, October 11th. Finally, TheStreet upgraded Boot Barn from a d rating to a c rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Boot Barn presently has an average rating of Buy and a consensus price target of $11.97.

Boot Barn (BOOT) opened at $14.50 on Friday. Boot Barn has a 12 month low of $5.90 and a 12 month high of $16.77. The company has a quick ratio of 0.16, a current ratio of 1.32 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $369.61, a P/E ratio of 23.12, a P/E/G ratio of 1.41 and a beta of 1.24.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Boot Barn had a return on equity of 8.70% and a net margin of 2.32%. The business had revenue of $143.10 million for the quarter, compared to the consensus estimate of $139.92 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. Boot Barn’s revenue for the quarter was up 6.8% on a year-over-year basis. equities analysts expect that Boot Barn will post 0.61 EPS for the current year.

Several large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its position in shares of Boot Barn by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 42,544 shares of the company’s stock worth $302,000 after acquiring an additional 228 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Boot Barn by 7.1% during the second quarter. Teachers Advisors LLC now owns 28,080 shares of the company’s stock worth $199,000 after acquiring an additional 1,858 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Boot Barn by 3.3% during the first quarter. Geode Capital Management LLC now owns 101,834 shares of the company’s stock worth $1,007,000 after acquiring an additional 3,224 shares in the last quarter. State Street Corp lifted its position in shares of Boot Barn by 4.5% during the second quarter. State Street Corp now owns 203,372 shares of the company’s stock worth $1,440,000 after acquiring an additional 8,835 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Boot Barn by 1.8% during the third quarter. Citadel Advisors LLC now owns 540,305 shares of the company’s stock worth $4,808,000 after acquiring an additional 9,437 shares in the last quarter.

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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.

Analyst Recommendations for Boot Barn (NYSE:BOOT)

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