Boot Barn Holdings, Inc. (NYSE:BOOT) was upgraded by equities research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued on Friday, MarketBeat reports. The brokerage presently has a $11.00 price objective on the stock, up from their previous price objective of $10.00. Robert W. Baird’s target price suggests a potential upside of 19.05% from the company’s current price.

A number of other equities analysts have also recently weighed in on BOOT. Jefferies Group LLC set a $15.00 price objective on shares of Boot Barn Holdings and gave the stock a “buy” rating in a research report on Thursday, April 6th. Zacks Investment Research upgraded shares of Boot Barn Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. ValuEngine upgraded shares of Boot Barn Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 17th. B. Riley restated a “buy” rating and set a $9.00 price objective on shares of Boot Barn Holdings in a research report on Wednesday, May 31st. Finally, Citigroup Inc. restated a “buy” rating and set a $9.00 price objective (down from $14.00) on shares of Boot Barn Holdings in a research report on Monday, June 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.88.

Boot Barn Holdings (NYSE BOOT) traded up 8.07% during trading on Friday, reaching $9.24. 627,632 shares of the company traded hands. Boot Barn Holdings has a 52 week low of $5.90 and a 52 week high of $17.26. The firm has a 50-day moving average price of $6.84 and a 200-day moving average price of $9.09. The company has a market capitalization of $245.70 million, a P/E ratio of 17.14 and a beta of 1.26.

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

COPYRIGHT VIOLATION WARNING: This news story was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/06/boot-barn-holdings-inc-boot-raised-to-outperform-at-robert-w-baird.html.

In other Boot Barn Holdings news, Director Peter Starrett bought 50,000 shares of Boot Barn Holdings stock in a transaction dated Tuesday, June 6th. The stock was acquired at an average cost of $6.12 per share, for a total transaction of $306,000.00. Following the completion of the transaction, the director now directly owns 4,726 shares of the company’s stock, valued at $28,923.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Brenda I. Morris bought 7,000 shares of Boot Barn Holdings stock in a transaction dated Wednesday, June 7th. The stock was acquired at an average price of $6.33 per share, with a total value of $44,310.00. Following the completion of the transaction, the director now directly 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 corporate insiders.

Several large investors have recently modified their holdings of BOOT. 1060 Capital LLC acquired a new stake in shares of Boot Barn Holdings during the first quarter worth approximately $4,820,000. Dimensional Fund Advisors LP boosted its stake in shares of Boot Barn Holdings by 100.7% in the first quarter. Dimensional Fund Advisors LP now owns 341,122 shares of the company’s stock worth $3,374,000 after buying an additional 171,147 shares during the period. Menta Capital LLC boosted its stake in shares of Boot Barn Holdings by 137.8% in the first quarter. Menta Capital LLC now owns 182,394 shares of the company’s stock worth $1,804,000 after buying an additional 105,692 shares during the period. Stephens Investment Management Group LLC boosted its stake in shares of Boot Barn Holdings by 8.9% in the first quarter. Stephens Investment Management Group LLC now owns 1,228,567 shares of the company’s stock worth $12,151,000 after buying an additional 100,006 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake 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 worth $1,438,000 after buying an additional 64,125 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)

Receive News & Ratings for Boot Barn Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.