Analysts Set Boot Barn Holdings, Inc. (NYSE:BOOT) PT at $181.58

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned an average rating of “Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, eleven have issued 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 ratings on the stock in the last year is $181.58.

A number of research firms recently weighed in on BOOT. Williams Trading restated a “buy” rating and issued a $173.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Citigroup cut their price objective on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Bank of America increased their target price on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, January 31st.

Boot Barn Price Performance

BOOT stock opened at $131.93 on Thursday. The firm has a 50 day simple moving average of $153.04 and a two-hundred day simple moving average of $147.57. The stock has a market cap of $4.04 billion, a PE ratio of 23.56, a P/E/G ratio of 1.25 and a beta of 2.10. Boot Barn has a one year low of $82.67 and a one year high of $176.64.

Boot Barn (NYSE:BOOT) last released its earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. On average, research analysts expect that Boot Barn will post 5.82 EPS for the current fiscal year.

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 transaction of $965,456.78. Following the transaction, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Boot Barn

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in Boot Barn by 48.6% in the fourth 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 in the last quarter. Stephens Investment Management Group LLC purchased a new position in shares of Boot Barn during the 4th quarter worth approximately $46,699,000. Proficio Capital Partners LLC bought a new position in shares of Boot Barn in the 4th quarter worth approximately $45,177,000. Raymond James Financial Inc. purchased a new position in shares of Boot Barn in the 4th quarter valued at approximately $42,440,000. Finally, Artemis Investment Management LLP bought a new stake in shares of Boot Barn during the fourth quarter valued at approximately $36,361,000.

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.