Analysts Set Boot Barn Holdings, Inc. (NYSE:BOOT) Price Target at $181.92

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned a consensus recommendation of “Buy” from the thirteen research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $181.92.

Several brokerages have recently issued reports on BOOT. Robert W. Baird decreased their price target on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Thursday, January 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Finally, UBS Group dropped their price objective on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, February 3rd.

Boot Barn Price Performance

BOOT opened at $104.13 on Friday. Boot Barn has a 1 year low of $95.28 and a 1 year high of $176.64. The firm’s fifty day moving average price is $129.91 and its two-hundred day moving average price is $143.44. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. As a group, equities analysts anticipate that Boot Barn will post 5.82 EPS for the current year.

Insider Buying and Selling at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the transaction, the chief executive officer now owns 3,937 shares of the company’s stock, valued at $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOOT. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Boot Barn during the fourth quarter worth about $5,854,000. Azzad Asset Management Inc. ADV raised its holdings in shares of Boot Barn by 65.6% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 15,520 shares of the company’s stock valued at $2,356,000 after buying an additional 6,149 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Boot Barn in the 4th quarter worth approximately $1,818,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Boot Barn by 23.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,832 shares of the company’s stock worth $10,602,000 after buying an additional 13,346 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its position in Boot Barn by 4.4% during the fourth quarter. Westwood Holdings Group Inc. now owns 210,875 shares of the company’s stock valued at $32,015,000 after acquiring an additional 8,912 shares during the last quarter.

About Boot Barn

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.