Boot Barn Holdings Inc (BOOT) is Downgraded by Robert W. Baird to Neutral, Raises Price Target to $ 17

Boot Barn Holdings Inc (BOOT) was Downgraded by Robert W. Baird to ” Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 17 from a previous price target of $14 . Earlier the firm had a rating of “Outperform ” on the company shares. Robert W. Baird advised their investors in a research report released on Nov 30, 2016.

Many Wall Street Analysts have commented on Boot Barn Holdings Inc. Boot Barn Holdings Inc was Upgraded by Citigroup to ” Buy” on Nov 14, 2016.

On the company’s financial health, Boot Barn Holdings Inc reported $0.02 EPS for the quarter, based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus estimate of $0.02. The company had revenue of $134.00 million for the quarter, compared to analysts expectations of $131.61 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Boot Barn Holdings Inc closed down -0.2 points or -1.21% at $16.32 with 1,54,732 shares getting traded on Tuesday. Post opening the session at $16.49, the shares hit an intraday low of $16.1 and an intraday high of $16.71 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on May 24, 2016, Peter Starrett (director) purchased 50,000 shares at $7.44 per share price. According to the SEC, on May 24, 2016, Gregory V. Hackman (CFO) purchased 8,000 shares at $7.50 per share price. On Jul 9, 2015, James Grant Conroy (President and CEO) sold 22,000 shares at $32.09 per share price, according to the Form-4 filing with the securities and exchange commission.

Boot Barn Holdings Inc. is a lifestyle retail chain. The Company is engaged in offering western and work-related footwear apparel and accessories in the United States with 169 stores in 26 states as of March 28 2015. Its stores are generally freestanding or located in strip centers with an average of 10748 square feet and feature an assortment of approximately 200 brands. Its product offering is anchored by a selection of western and work boots and is complemented by an assortment of coordinating apparel and accessories. It carries assortments of boots denim western shirts cowboy hats belts and belt buckles western-style jewelry and accessories. Its western assortment includes brands such as Ariat Dan Post Justin Levi Strauss Lucchese Miss Me Montana Silversmiths Resistol and Wrangler. Its work assortment includes rugged footwear outerwear overalls denim and shirts. The work brands sold in its stores are Carhartt Dickies Timberland Pro and Wolverine.

Boot Barn Holdings Inc

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