Citigroup Maintains Boot Barn Holdings Inc to Neutral with Price Target $11.00

Brokerage firm Citigroup Maintains its rating on Boot Barn Holdings Inc(NYSE:BOOT). In a research note issued to the investors, the brokerage major Raises the price-target to $11.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Sep 27, 2016.

In a different note, On Sep 9, 2016, B. Riley said it Downgrades its rating on Boot Barn Holdings Inc. The shares have been rated ‘Neutral’ by the firm. On Jul 27, 2016, Jefferies said it Maintains its rating on Boot Barn Holdings Inc. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 27, 2016, JP Morgan said it Maintains its rating on Boot Barn Holdings Inc. In the research note, the firm Raises the price-target to $7.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 20, 2016, Citigroup said it Maintains its rating on Boot Barn Holdings Inc. In the research note, the firm Raises the price-target to $7.00 per share. The shares have been rated ‘Neutral’ by the firm.

Boot Barn Holdings Inc (BOOT) made into the market gainers list on Fridays trading session with the shares advancing 3.36% or 0.37 points. Due to strong positive momentum, the stock ended at $11.38, which is also near the day’s high of $11.53. The stock began the session at $11.13 and the volume stood at 1,66,964 shares. The 52-week high of the shares is $18.74 and the 52 week low is $5.2. The company has a current market capitalization of $301 M and it has 2,64,26,986 shares in outstanding.

Boot Barn Holdings Inc(BOOT) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $133.41M. Analysts had an estimated revenue of $130.73M. Earnings per share were $0.02. Analysts had estimated an EPS of $0.02.

Several Insider Transactions has been reported to the SEC. On May 24, 2016, Peter Starrett (director) purchased 50,000 shares at $7.44 per share price.Also, On May 24, 2016, Gregory V. Hackman (CFO) purchased 8,000 shares at $7.50 per share price.On Feb 22, 2016, Equity Partners Vi, L.p. Fs (10% owner) purchased 205,721 shares at $9.04 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.

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