Boot Barn Holdings, Inc. (NYSE:BOOT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $164.55.

A number of analysts have recently issued reports on BOOT shares. Benchmark reaffirmed a “buy” rating and set a $192.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Piper Sandler restated an “overweight” rating and set a $179.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Citigroup reduced their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Williams Trading restated a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Finally, Craig Hallum downgraded shares of Boot Barn from a “buy” rating to a “hold” rating and increased their price objective for the company from $154.00 to $162.00 in a research note on Friday, October 25th.

Boot Barn Stock Down 1.9 %

Shares of NYSE:BOOT opened at $136.23 on Friday. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 27.36 and a beta of 2.16. The company has a 50 day moving average of $150.87 and a two-hundred day moving average of $136.47. Boot Barn has a 52-week low of $68.37 and a 52-week high of $169.83.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The business had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. During the same period last year, the business earned $0.91 EPS. The business’s revenue was up 13.7% on a year-over-year basis. On average, equities analysts anticipate that Boot Barn will post 5.48 earnings per share for the current year.

Institutional Trading of Boot Barn

Institutional investors and hedge funds have recently made changes to their positions in the stock. GHP Investment Advisors Inc. acquired a new position in Boot Barn during the 3rd quarter valued at approximately $25,000. GAMMA Investing LLC lifted its stake in Boot Barn by 111.1% in the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after buying an additional 140 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Boot Barn during the second quarter valued at $64,000. 1620 Investment Advisors Inc. bought a new position in shares of Boot Barn during the second quarter worth about $84,000. Finally, USA Financial Formulas acquired a new stake in shares of Boot Barn in the 3rd quarter worth about $92,000.

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.