The stock of Boot Barn Holdings Inc (NYSE:BOOT) hit a new 52-week high and has $40.28 target or 145.00% above today’s $16.44 share price. The 8 months bullish chart indicates low risk for the $439.19M company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $40.28 price target is reached, the company will be worth $636.83 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 75,601 shares traded hands. Boot Barn Holdings Inc (NYSE:BOOT) has risen 96.27% since April 12, 2016 and is uptrending. It has outperformed by 91.28% the S&P500.
Boot Barn Holdings Inc (NYSE:BOOT) Ratings Coverage
Out of 8 analysts covering Boot Barn Holdings (NYSE:BOOT), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. Boot Barn Holdings has been the topic of 19 analyst reports since September 30, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by Piper Jaffray given on Wednesday, September 30. B. Riley & Co downgraded Boot Barn Holdings Inc (NYSE:BOOT) on Friday, September 9 to “Neutral” rating. The stock of Boot Barn Holdings Inc (NYSE:BOOT) earned “Market Perform” rating by Wells Fargo on Thursday, November 19. The rating was downgraded by B. Riley & Co on Monday, October 26 to “Neutral”. The rating was upgraded by B. Riley & Co to “Buy” on Wednesday, February 3. The stock of Boot Barn Holdings Inc (NYSE:BOOT) earned “Neutral” rating by Citigroup on Wednesday, October 7. The firm has “Buy” rating by R. RIley given on Wednesday, February 3. The rating was maintained by Citigroup with “Neutral” on Friday, May 20. The stock of Boot Barn Holdings Inc (NYSE:BOOT) earned “Neutral” rating by JP Morgan on Friday, April 8. The rating was maintained by B. Riley & Co with “Neutral” on Tuesday, January 12.
According to Zacks Investment Research, “Boot Barn Holdings, Inc. operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. The company’s products include boots, denim, western shirts, cowboy hats, belts and belt buckles, and western-style jewellery and accessories; and rugged footwear, outerwear, overalls, denims, and shirts, as well as safety-toe boots, and flame-resistant and high-visibility clothing. It sells its products through bootbarn.com, an e-commerce Website. Boot Barn Holdings, Inc. is headquartered in Irvine, California.”
Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.94, from 1.96 in 2016Q1. The ratio turned negative, as 21 funds sold all Boot Barn Holdings Inc shares owned while 20 reduced positions. 18 funds bought stakes while 24 increased positions. They now own 27.96 million shares or 0.03% less from 27.97 million shares in 2016Q1.
D E Shaw has 0% invested in the company for 128,439 shares. Blackrock Group Limited accumulated 0% or 39,100 shares. Mackenzie Fincl Corporation holds 100,375 shares or 0% of its portfolio. The North Carolina-based Fincl Bank Of America Corp De has invested 0% in Boot Barn Holdings Inc (NYSE:BOOT). Landscape Capital Mngmt Ltd Llc last reported 27,929 shares in the company. Moreover, Blackrock Fund Advsrs has 0% invested in Boot Barn Holdings Inc (NYSE:BOOT) for 344,614 shares. Arrowpoint Asset Management Ltd Liability Co accumulated 546,530 shares or 0.1% of the stock. Blackrock holds 0% of its portfolio in Boot Barn Holdings Inc (NYSE:BOOT) for 19,660 shares. Primecap Ca last reported 0.02% of its portfolio in the stock. Hartford Investment Mngmt Co holds 0.01% of its portfolio in Boot Barn Holdings Inc (NYSE:BOOT) for 44,383 shares. Tower Research Lc (Trc) last reported 300 shares in the company. Coe Limited Liability Corporation holds 0% of its portfolio in Boot Barn Holdings Inc (NYSE:BOOT) for 90,000 shares. California Employees Retirement Sys, a California-based fund reported 13,100 shares. The Ontario – Canada-based Manufacturers Life Company The has invested 0% in Boot Barn Holdings Inc (NYSE:BOOT). Prudential Financial Incorporated has 0% invested in the company for 36,050 shares.
More notable recent Boot Barn Holdings Inc (NYSE:BOOT) news were published by: Businesswire.com which released: “Boot Barn Holdings, Inc. Posts Transcript of First Quarter Earnings Call …” on July 26, 2016, also Ocbj.com with their article: “Boot Barn Meets Street Targets” published on August 01, 2016, Businesswire.com published: “Boot Barn Holdings, Inc. to Report Second Quarter Fiscal Year 2017 Results on …” on October 19, 2016. More interesting news about Boot Barn Holdings Inc (NYSE:BOOT) were released by: Fool.com and their article: “Why Boot Barn Holdings Inc. Stock Plunged Today” published on January 12, 2016 as well as Finance.Yahoo.com‘s news article titled: “Will Boot Barn Holdings (BOOT) Continue to Surge Higher?” with publication date: November 08, 2016.
BOOT Company Profile
Boot Barn Holdings, Inc., incorporated on November 17, 2011, 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. The Company’s stores average an area of approximately 11,490 square feet and feature an assortment of brands and styles. The Company’s boot selection, which consists of approximately one-third of each store’s selling square footage space, is merchandised on self-service fixtures with western boots arranged by size and work boots arranged by brand. It also carries assortments of denim, western shirts, cowboy hats, belts and belt buckles, western-style jewelry and accessories.
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