Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $184.83 Consensus PT from Brokerages

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been assigned a consensus rating of “Buy” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. One investment 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 1 year target price among brokerages that have issued a report on the stock in the last year is $181.92.

A number of equities research analysts have commented on BOOT shares. Bank of America lifted their target price on shares of Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Robert W. Baird cut their target price on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday. KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research report on Thursday, January 23rd. Piper Sandler reissued an “overweight” rating and set a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 31st.

Insiders Place Their Bets

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the business’s 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 sale, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. The trade was a 61.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Boot Barn

Several hedge funds have recently bought and sold shares of BOOT. FMR LLC lifted its stake in Boot Barn by 47.3% in the 4th quarter. FMR LLC now owns 2,211,300 shares of the company’s stock worth $335,720,000 after purchasing an additional 709,903 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Boot Barn by 48.6% in the 4th quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company’s stock worth $328,091,000 after buying an additional 706,518 shares during the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of Boot Barn in the 4th quarter worth about $46,699,000. Proficio Capital Partners LLC bought a new stake in shares of Boot Barn in the 4th quarter worth about $45,177,000. Finally, Capital Research Global Investors increased its holdings in shares of Boot Barn by 32.6% in the 4th quarter. Capital Research Global Investors now owns 1,141,821 shares of the company’s stock worth $173,351,000 after buying an additional 280,892 shares during the last quarter.

Boot Barn Stock Performance

BOOT stock opened at $113.75 on Monday. The firm has a 50 day moving average price of $147.53 and a 200-day moving average price of $147.59. Boot Barn has a 52-week low of $82.67 and a 52-week high of $176.64. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.17 and a beta of 2.07.

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

Boot Barn Company Profile

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.