Short Interest of The Day: Is Boot Barn Holdings Incorporated (NYSE:BOOT) a Buy? The Stock Reported more Sellers

November 28, 2016 - By kentuckypostne   ·   0 Comments

Short Interest of The Day: Is Boot Barn Holdings Incorporated (NYSE:BOOT) a Buy? The Stock Reported more Sellers

The stock of Boot Barn Holdings Incorporated (NYSE:BOOT) registered an increase of 7.55% in short interest. BOOT’s total short interest was 4.37M shares in November as published by FINRA. Its up 7.55% from 4.06 million shares, reported previously. With 246,400 shares average volume, it will take short sellers 18 days to cover their BOOT’s short positions. The short interest to Boot Barn Holdings Incorporated’s float is 34.22%. The stock increased 0.36% or $0.06 on November 25, hitting $16.74. Boot Barn Holdings Inc (NYSE:BOOT) has risen 109.51% since April 25, 2016 and is uptrending. It has outperformed by 103.50% 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 a market cap of $444.99 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 37.33 P/E ratio. The Company’s stores average an area of approximately 11,490 square feet and feature an assortment of brands and styles.

Insitutional Activity: The institutional sentiment increased to 1.27 in 2016 Q2. Its up 0.25, from 1.02 in 2016Q1. The ratio improved, 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.
Wells Fargo And Mn holds 16,779 shares or 0% of its portfolio. Tiaa Cref Inv Mgmt Ltd Company accumulated 43,401 shares or 0% of the stock. Primecap Mgmt Ca has invested 0.02% of its portfolio in Boot Barn Holdings Inc (NYSE:BOOT). Bnp Paribas Arbitrage, a New York-based fund reported 511 shares. D E Shaw Company Inc last reported 0% of its portfolio in the stock. Manufacturers Life Insurance The has 0% invested in the company for 869 shares. Tyvor Cap Ltd Liability Co holds 1.32% of its portfolio in Boot Barn Holdings Inc (NYSE:BOOT) for 482,297 shares. Commercial Bank Of Ny Mellon Corp accumulated 109,648 shares or 0% of the stock. Sei accumulated 0% or 13,339 shares. Veritable Limited Partnership reported 25,000 shares or 0.01% of all its holdings. Blackrock Ltd Liability Company accumulated 108,164 shares or 0% of the stock. The New York-based Awm has invested 0.26% in Boot Barn Holdings Inc (NYSE:BOOT). Price T Rowe Md owns 85,070 shares or 0% of their US portfolio. Coe Cap Limited holds 90,000 shares or 0% of its portfolio. Blackrock Ltd accumulated 39,100 shares or 0% of the stock.

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. B. Riley & Co maintained Boot Barn Holdings Inc (NYSE:BOOT) rating on Tuesday, January 12. B. Riley & Co has “Neutral” rating and $12.50 price target. The rating was downgraded by JP Morgan to “Neutral” on Friday, April 8. The firm has “Market Perform” rating by Wells Fargo given on Thursday, November 19. On Friday, September 9 the stock rating was downgraded by B. Riley & Co to “Neutral”. Jefferies maintained Boot Barn Holdings Inc (NYSE:BOOT) rating on Wednesday, July 27. Jefferies has “Buy” rating and $13 price target. The company was downgraded on Monday, October 26 by B. Riley & Co. Citigroup maintained the shares of BOOT in a report on Monday, March 21 with “Neutral” rating. The stock has “Neutral” rating given by Citigroup on Wednesday, October 7. Citigroup maintained Boot Barn Holdings Inc (NYSE:BOOT) rating on Friday, May 20. Citigroup has “Neutral” rating and $7 price target. BB&T Capital downgraded the shares of BOOT in a report on Wednesday, November 11 to “Hold” rating.

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.

More important recent Boot Barn Holdings Inc (NYSE:BOOT) news were published by: Fool.com which released: “Why Boot Barn Holdings Inc. Stock Plunged Today” on January 12, 2016, also Ocbj.com published article titled: “Boot Barn Meets Street Targets”, Businesswire.com published: “Boot Barn Holdings, Inc. Announces Definitive Agreement to Acquire Sheplers, Inc.” on June 01, 2015. More interesting news about Boot Barn Holdings Inc (NYSE:BOOT) was released by: Businesswire.com and their article: “Boot Barn Holdings, Inc. Announces Second Quarter Fiscal Year 2017 Financial …” with publication date: October 26, 2016.

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