Boot Barn (NYSE:BOOT) Upgraded by Stephens to Hold Rating

Boot Barn (NYSE:BOOT - Get Free Report) was upgraded by investment analysts at Stephens to a "hold" rating in a research note issued on Tuesday, April 8th,Zacks.com reports.

Other equities research analysts have also issued reports about the company. UBS Group reduced their price objective on Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. KeyCorp raised Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price target on the stock in a research note on Thursday, January 23rd. Robert W. Baird decreased their target price on shares of Boot Barn from $190.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price target on shares of Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Bank of America lifted their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $175.62.

Boot Barn Stock Performance

Shares of NYSE:BOOT traded down $2.90 during trading on Tuesday, reaching $89.19. The company had a trading volume of 834,271 shares, compared to its average volume of 805,373. The firm has a market capitalization of $2.73 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75. Boot Barn has a twelve month low of $88.23 and a twelve month high of $176.64. The firm's fifty day moving average is $113.02 and its 200 day moving average is $137.73.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Equities analysts predict that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Signaturefd LLC grew its stake in shares of Boot Barn by 201.8% in the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after buying an additional 111 shares in the last quarter. Blue Trust Inc. lifted its stake in Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after acquiring an additional 143 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Boot Barn by 210.8% during the 1st quarter. Versant Capital Management Inc now owns 317 shares of the company's stock worth $34,000 after purchasing an additional 215 shares during the last quarter. Assetmark Inc. increased its stake in shares of Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after purchasing an additional 113 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Boot Barn in the 4th quarter valued at $102,000.

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.