Analysts Set Boot Barn Holdings, Inc. (NYSE:BOOT) Target Price at $103.44

Boot Barn Holdings, Inc. (NYSE:BOOT) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $103.44.

A number of research firms have weighed in on BOOT. StockNews.com began coverage on Boot Barn in a report on Thursday, October 5th. They set a “sell” rating on the stock. TD Cowen lifted their price objective on Boot Barn from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. Bank of America boosted their target price on Boot Barn from $113.00 to $118.00 in a report on Thursday, August 10th. Citigroup reduced their target price on Boot Barn from $116.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, October 24th. Finally, Craig Hallum boosted their target price on Boot Barn from $112.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd.

Boot Barn Trading Up 0.4 %

NYSE BOOT opened at $71.34 on Tuesday. The stock’s 50 day moving average is $77.32 and its two-hundred day moving average is $81.45. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 6.79 and a beta of 2.37. Boot Barn has a 1-year low of $56.62 and a 1-year high of $104.91.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $374.46 million for the quarter, compared to the consensus estimate of $378.44 million. Boot Barn had a return on equity of 20.28% and a net margin of 9.49%. On average, analysts predict that Boot Barn will post 4.93 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO James M. Watkins sold 15,099 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $75.19, for a total value of $1,135,293.81. Following the completion of the transaction, the chief financial officer now owns 12,819 shares in the company, valued at approximately $963,860.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC bought a new stake in shares of Boot Barn during the 1st quarter valued at $701,000. State of Wyoming raised its position in shares of Boot Barn by 57.3% during the 2nd quarter. State of Wyoming now owns 552 shares of the company’s stock valued at $47,000 after acquiring an additional 201 shares during the last quarter. Arcadia Investment Management Corp MI raised its position in shares of Boot Barn by 293.8% during the 1st quarter. Arcadia Investment Management Corp MI now owns 638 shares of the company’s stock valued at $49,000 after acquiring an additional 476 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Boot Barn during the 1st quarter valued at $68,000. Finally, Pinebridge Investments L.P. bought a new stake in shares of Boot Barn during the 2nd quarter valued at $77,000.

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.