Price Action Don’t Lie: Boot Barn Holdings Inc Increases Again; Strong Momentum for Buyers

Price Action Don't Lie: Boot Barn Holdings Inc Increases Again; Strong Momentum for Buyers

The stock of Boot Barn Holdings Inc (NYSE:BOOT) is a huge mover today! About 114,350 shares traded hands. Boot Barn Holdings Inc (NYSE:BOOT) has risen 94.28% since April 14, 2016 and is uptrending. It has outperformed by 89.60% the S&P500.
The move comes after 9 months positive chart setup for the $429.49 million company. It was reported on Nov, 16 by Barchart.com. We have $46.13 PT which if reached, will make NYSE:BOOT worth $785.97M more.

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. Citigroup initiated the stock with “Neutral” rating in Wednesday, October 7 report. The stock of Boot Barn Holdings Inc (NYSE:BOOT) earned “Neutral” rating by Citigroup on Friday, May 20. As per Monday, March 21, the company rating was maintained by Citigroup. The stock of Boot Barn Holdings Inc (NYSE:BOOT) has “Hold” rating given on Wednesday, November 11 by BB&T Capital. Piper Jaffray maintained Boot Barn Holdings Inc (NYSE:BOOT) on Wednesday, September 30 with “Overweight” rating. B. Riley & Co upgraded the shares of BOOT in a report on Wednesday, February 3 to “Buy” rating. The stock of Boot Barn Holdings Inc (NYSE:BOOT) earned “Neutral” rating by B. Riley & Co on Friday, September 9. The firm has “Neutral” rating by JP Morgan given on Friday, April 8. Wells Fargo downgraded the shares of BOOT in a report on Thursday, November 19 to “Market Perform” rating. The rating was upgraded by R. RIley to “Buy” on Wednesday, February 3.

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 worsened, 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.
Veritable Lp holds 25,000 shares or 0.01% of its portfolio. One Trading L P accumulated 0% or 900 shares. Moreover, Bancshares Of Montreal Can has 0% invested in Boot Barn Holdings Inc (NYSE:BOOT) for 17,219 shares. Mackenzie Fincl Corp owns 100,375 shares or 0% of their US portfolio. Parametric Portfolio Limited Liability Company holds 0% or 95,981 shares in its portfolio. Moreover, Tiaa Cref Invest Mngmt Ltd Com has 0% invested in Boot Barn Holdings Inc (NYSE:BOOT) for 43,401 shares. Prudential Financial owns 36,050 shares or 0% of their US portfolio. Tudor Investment Et Al has 0% invested in the company for 11,999 shares. North Star Invest Mgmt Corp reported 184,775 shares or 0.29% of all its holdings. Tower Rech (Trc) holds 0% of its portfolio in Boot Barn Holdings Inc (NYSE:BOOT) for 300 shares. Blackrock, a New York-based fund reported 19,660 shares. Citigroup accumulated 64,097 shares or 0% of the stock. Bank Of America Corporation De has 10,728 shares for 0% of their US portfolio. New York State Common Retirement Fund has 0% invested in the company for 12,900 shares. Stephens Inv Mngmt Grp Limited Liability Corporation holds 0.27% or 947,910 shares in its portfolio.

More important 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 published article titled: “Boot Barn Meets Street Targets”, 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) was released by: Fool.com and their article: “Why Boot Barn Holdings Inc. Stock Plunged Today” with publication date: January 12, 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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