Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $181.58 Average Price Target from Brokerages

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned an average rating of “Buy” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $181.58.

Several research firms recently weighed in on BOOT. StockNews.com upgraded shares of Boot Barn from a “sell” rating to a “hold” rating in a report on Monday, February 3rd. UBS Group cut their target price on Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Williams Trading reaffirmed a “buy” rating and set a $173.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Bank of America boosted their price objective on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, Citigroup decreased their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th.

Boot Barn Stock Up 1.4 %

Shares of Boot Barn stock opened at $131.93 on Thursday. The company has a market cap of $4.04 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 1.25 and a beta of 2.10. Boot Barn has a 52 week low of $82.67 and a 52 week high of $176.64. The business has a 50 day moving average price of $153.04 and a 200-day moving average price of $147.57.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data 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 return on equity of 17.11% and a net margin of 9.36%. As a group, research analysts anticipate that Boot Barn will post 5.82 EPS for the current year.

Insider Activity

In related news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the sale, the chief executive officer now directly owns 3,937 shares in the company, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. bought a new position in shares of Boot Barn in the third quarter valued at approximately $25,000. Signaturefd LLC boosted its holdings in Boot Barn by 201.8% in the 4th quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after purchasing an additional 111 shares during the period. Blue Trust Inc. grew its position in shares of Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after purchasing an additional 143 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Boot Barn by 45.2% in the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after purchasing an additional 113 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Boot Barn by 100.8% in the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after buying an additional 268 shares in the last quarter.

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.