What’s Ahead for Boot Barn Holdings Incorporated (NYSE:BOOT) After More Shorted Shares?

September 17, 2017 - By Kurt Siggers

 What’s Ahead for Boot Barn Holdings Incorporated (NYSE:BOOT) After More Shorted Shares?

Investors sentiment increased to 2.22 in 2016 Q4. Its up 0.95, from 1.27 in 2016Q3. It improved, as 4 investors sold Boot Barn Holdings Inc shares while 19 reduced holdings. 20 funds opened positions while 31 raised stakes. 29.15 million shares or 0.37% more from 29.04 million shares in 2016Q3 were reported.
Rhumbline Advisers invested in 13,816 shares. Menta Cap Lc has invested 0.08% in Boot Barn Holdings Inc (NYSE:BOOT). Driehaus Capital Management Ltd Company owns 417,638 shares. 9,800 were reported by Manufacturers Life Insurance Company The. State Street owns 195,230 shares for 0% of their portfolio. Primecap Ca holds 0.02% or 1.77 million shares. Meeder Asset Mgmt reported 0% stake. Blackrock Fund Advsrs holds 0% in Boot Barn Holdings Inc (NYSE:BOOT) or 442,405 shares. Goldman Sachs stated it has 1.48M shares. Credit Suisse Ag holds 0% in Boot Barn Holdings Inc (NYSE:BOOT) or 63,030 shares. 25,370 are held by Oxford Asset Mgmt. Tiaa Cref Inv Mngmt Ltd Limited Liability Company accumulated 53,464 shares. North Star Investment Mngmt holds 0.19% of its portfolio in Boot Barn Holdings Inc (NYSE:BOOT) for 103,100 shares. Moreover, Art Advisors Ltd Liability Corporation has 0.02% invested in Boot Barn Holdings Inc (NYSE:BOOT) for 26,700 shares. 17,262 were accumulated by Royal Bancorporation Of Canada.

The stock of Boot Barn Holdings Incorporated (NYSE:BOOT) registered an increase of 0.97% in short interest. BOOT’s total short interest was 7.09 million shares in September as published by FINRA. Its up 0.97% from 7.02M shares, reported previously. With 236,200 shares average volume, it will take short sellers 30 days to cover their BOOT’s short positions.

The stock increased 2.87% or $0.24 on September 15, reaching $8.59. About 370,316 shares traded or 36.67% up from the average. Boot Barn Holdings Inc (NYSE:BOOT) has risen 24.96% since September 17, 2016 and is uptrending. It has outperformed by 8.26% the S&P500.

Boot Barn Holdings, Inc. is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The company has market cap of $228.43 million. 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. It has a 16.24 P/E ratio. The Company’s stores average an area of approximately 11,490 square feet and feature an assortment of brands and styles.

Boot Barn Holdings Inc (NYSE:BOOT) Ratings Coverage

Among 10 analysts covering Boot Barn Holdings (NYSE:BOOT), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Boot Barn Holdings had 28 analyst reports since September 30, 2015 according to SRatingsIntel. As per Wednesday, February 1, the company rating was maintained by Mizuho. The firm has “Hold” rating by BB&T Capital given on Wednesday, November 11. On Tuesday, January 12 the stock rating was maintained by B. Riley & Co with “Neutral”. The rating was maintained by Robert W. Baird on Friday, September 8 with “Buy”. The stock of Boot Barn Holdings Inc (NYSE:BOOT) earned “Neutral” rating by Mizuho on Tuesday, January 10. The stock has “Neutral” rating by B. Riley & Co on Monday, October 26. Citigroup maintained it with “Neutral” rating and $7 target in Friday, May 20 report. Jefferies maintained Boot Barn Holdings Inc (NYSE:BOOT) rating on Wednesday, July 27. Jefferies has “Buy” rating and $13 target. The stock of Boot Barn Holdings Inc (NYSE:BOOT) has “Buy” rating given on Wednesday, February 3 by B. Riley & Co. Robert W. Baird upgraded the stock to “Outperform” rating in Friday, August 4 report.

More notable recent Boot Barn Holdings Inc (NYSE:BOOT) news were published by: Bizjournals.com which released: “​Boot Barn buys Texas chain, reopens most of Houston-area stores” on September 13, 2017, also Nasdaq.com with their article: “Is Boot Barn Holdings a Great Stock for Value Investors?” published on September 12, 2017, Reuters.com published: “BRIEF-Boot Barn, units enter into amendment to credit agreement” on January 27, 2017. More interesting news about Boot Barn Holdings Inc (NYSE:BOOT) were released by: Marketwatch.com and their article: “Other shoes dropping: Boot Barn, Zumiez plunge after earnings” published on June 01, 2017 as well as Fool.com‘s news article titled: “Why Boot Barn Holdings Inc. Stock Popped Today” with publication date: August 03, 2017.

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