Boot Barn (NYSE:BOOT) Given New $147.00 Price Target at Piper Sandler

Boot Barn (NYSE:BOOT) had its target price upped by Piper Sandler from $144.00 to $147.00 in a research note issued to investors on Thursday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the stock. Benchmark restated a buy rating and issued a $140.00 price objective on shares of Boot Barn in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $125.00 to $146.00 and gave the stock an overweight rating in a report on Monday, July 22nd. Citigroup upped their price target on shares of Boot Barn from $122.00 to $154.00 and gave the company a buy rating in a report on Friday, July 19th. Craig Hallum upped their price target on shares of Boot Barn from $120.00 to $150.00 and gave the company a buy rating in a report on Wednesday, June 5th. Finally, UBS Group lowered shares of Boot Barn from a buy rating to a neutral rating and lowered their price target for the company from $140.00 to $125.00 in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Boot Barn has a consensus rating of Moderate Buy and an average price target of $136.36.

Boot Barn Stock Up 1.6 %

NYSE:BOOT traded up $2.17 during mid-day trading on Thursday, hitting $133.88. 919,647 shares of the stock traded hands, compared to its average volume of 816,174. The business’s 50-day moving average price is $127.00 and its 200 day moving average price is $106.40. The company has a market cap of $4.07 billion, a PE ratio of 27.89 and a beta of 2.09. Boot Barn has a 12-month low of $66.73 and a 12-month high of $137.48.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. The company had revenue of $388.46 million during the quarter, compared to analysts’ expectations of $383.67 million. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. Analysts anticipate that Boot Barn will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Boot Barn

In related news, Director Brenda I. Morris sold 1,500 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $110.11, for a total value of $165,165.00. Following the completion of the transaction, the director now directly owns 4,546 shares in the company, valued at approximately $500,560.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Michael A. Love sold 1,079 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $110.21, for a total value of $118,916.59. Following the completion of the transaction, the insider now directly owns 2,112 shares in the company, valued at approximately $232,763.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brenda I. Morris sold 1,500 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $110.11, for a total transaction of $165,165.00. Following the completion of the transaction, the director now owns 4,546 shares of the company’s stock, valued at $500,560.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,795 shares of company stock valued at $1,329,686. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BOOT. GAMMA Investing LLC increased its stake in Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after purchasing an additional 140 shares in the last quarter. Headlands Technologies LLC increased its stake in Boot Barn by 1,037.7% during the 4th quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock valued at $60,000 after purchasing an additional 716 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Boot Barn during the 2nd quarter valued at about $84,000. Principal Securities Inc. bought a new stake in Boot Barn during the 4th quarter valued at about $102,000. Finally, Quest Partners LLC bought a new stake in Boot Barn during the 4th quarter valued at about $112,000.

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.