Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $109.11 Consensus PT from Analysts

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $109.70.

A number of brokerages have recently issued reports on BOOT. Robert W. Baird boosted their price objective on Boot Barn from $70.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. increased their price target on Boot Barn from $85.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday. Piper Sandler lifted their price objective on shares of Boot Barn from $94.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. B. Riley dropped their target price on shares of Boot Barn from $92.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Finally, KeyCorp started coverage on shares of Boot Barn in a report on Wednesday, February 7th. They issued a “sector weight” rating for the company.

Boot Barn Stock Up 3.3 %

BOOT stock opened at $107.01 on Tuesday. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 19.93 and a beta of 2.15. The company’s fifty day simple moving average is $96.60 and its 200 day simple moving average is $83.63. Boot Barn has a 12-month low of $64.33 and a 12-month high of $110.89.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, insider Laurie Marie Grijalva sold 5,861 shares of Boot Barn stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.31, for a total transaction of $529,306.91. Following the completion of the transaction, the insider now owns 5,861 shares in the company, valued at approximately $529,306.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Laurie Marie Grijalva sold 5,861 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $90.31, for a total value of $529,306.91. Following the completion of the sale, the insider now directly owns 5,861 shares of the company’s stock, valued at approximately $529,306.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James Grant Conroy sold 19,478 shares of Boot Barn stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the transaction, the chief executive officer now directly owns 46,273 shares in the company, valued at $4,274,699.74. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Boot Barn

A number of institutional investors have recently added to or reduced their stakes in the company. Blair William & Co. IL purchased a new position in Boot Barn in the first quarter worth $216,000. State Board of Administration of Florida Retirement System raised its stake in shares of Boot Barn by 5.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,001 shares of the company’s stock worth $856,000 after purchasing an additional 500 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Boot Barn by 8.9% in the 1st quarter. ProShare Advisors LLC now owns 6,096 shares of the company’s stock worth $580,000 after buying an additional 497 shares during the last quarter. Hohimer Wealth Management LLC bought a new position in Boot Barn during the first quarter valued at about $344,000. Finally, Russell Investments Group Ltd. increased its holdings in Boot Barn by 12.8% during the first quarter. Russell Investments Group Ltd. now owns 131,658 shares of the company’s stock worth $12,527,000 after buying an additional 14,980 shares during 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.