Boot Barn (NYSE:BOOT) Receives New Coverage from Analysts at KeyCorp

KeyCorp assumed coverage on shares of Boot Barn (NYSE:BOOTFree Report) in a report released on Wednesday, Briefing.com reports. The brokerage issued a sector weight rating on the stock.

Several other equities analysts have also recently weighed in on the company. Citigroup lowered their price target on Boot Barn from $116.00 to $96.00 and set a buy rating on the stock in a report on Tuesday, October 24th. StockNews.com lowered Boot Barn from a hold rating to a sell rating in a research note on Friday, January 19th. Williams Trading restated a hold rating on shares of Boot Barn in a research note on Tuesday, January 16th. Piper Sandler reduced their price objective on Boot Barn from $99.00 to $94.00 and set an overweight rating for the company in a research note on Thursday, February 1st. Finally, UBS Group upgraded Boot Barn from a neutral rating to a buy rating and upped their price objective for the stock from $75.00 to $108.00 in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $101.56.

Get Our Latest Stock Report on BOOT

Boot Barn Price Performance

NYSE BOOT opened at $84.12 on Wednesday. The business’s fifty day moving average price is $75.46 and its 200-day moving average price is $80.26. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 6.37 and a beta of 2.17. Boot Barn has a 1-year low of $64.33 and a 1-year high of $104.91.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BOOT. Contravisory Investment Management Inc. bought a new position in shares of Boot Barn in the 3rd quarter valued at about $221,000. Jump Financial LLC bought a new position in shares of Boot Barn in the 3rd quarter valued at about $1,688,000. Geode Capital Management LLC lifted its holdings in shares of Boot Barn by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 573,745 shares of the company’s stock valued at $48,590,000 after acquiring an additional 21,161 shares during the last quarter. Congress Asset Management Co. MA lifted its holdings in shares of Boot Barn by 10.6% in the 3rd quarter. Congress Asset Management Co. MA now owns 402,526 shares of the company’s stock valued at $32,681,000 after acquiring an additional 38,704 shares during the last quarter. Finally, Skylands Capital LLC lifted its holdings in shares of Boot Barn by 11.5% in the 2nd quarter. Skylands Capital LLC now owns 31,059 shares of the company’s stock valued at $2,630,000 after acquiring an additional 3,200 shares during the last quarter.

About Boot Barn

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Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.

Further Reading

Analyst Recommendations for Boot Barn (NYSE:BOOT)

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