Boot Barn (NYSE:BOOT) Price Target Raised to $120.00 at TD Cowen

Boot Barn (NYSE:BOOT) had its target price raised by TD Cowen from $115.00 to $120.00 in a report published on Monday morning, Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. Piper Sandler increased their price objective on Boot Barn from $94.00 to $110.00 and gave the company an overweight rating in a research report on Tuesday, April 16th. BTIG Research dropped their price target on shares of Boot Barn from $102.00 to $100.00 and set a buy rating on the stock in a report on Thursday, February 1st. StockNews.com lowered shares of Boot Barn from a hold rating to a sell rating in a research note on Friday, January 19th. Williams Trading restated a hold rating on shares of Boot Barn in a research report on Tuesday, January 16th. Finally, B. Riley cut their target price on shares of Boot Barn from $92.00 to $83.00 and set a buy rating for the company in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $109.11.

Boot Barn Stock Performance

Shares of BOOT stock opened at $109.79 on Monday. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 20.45 and a beta of 2.19. Boot Barn has a one year low of $64.33 and a one year high of $110.89. The company’s 50-day moving average is $94.25 and its 200 day moving average is $82.23.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. Boot Barn had a net margin of 9.62% and a return on equity of 19.52%. The firm had revenue of $520.40 million for the quarter, compared to analysts’ expectations of $520.34 million. As a group, research analysts predict that Boot Barn will post 4.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, Director Gene Eddie Burt sold 1,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $85.03, for a total transaction of $85,030.00. Following the completion of the transaction, the director now owns 1,542 shares of the company’s stock, valued at approximately $131,116.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Gene Eddie Burt sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $85.03, for a total value of $85,030.00. Following the sale, the director now directly owns 1,542 shares in the company, valued at $131,116.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James Grant Conroy sold 19,478 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $92.38, for a total value of $1,799,377.64. Following the transaction, the chief executive officer now directly owns 46,273 shares of the company’s stock, valued at $4,274,699.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,339 shares of company stock worth $2,413,715. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Boot Barn

Large investors have recently bought and sold shares of the business. Headlands Technologies LLC increased its holdings in shares of Boot Barn by 1,037.7% in the 4th quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock worth $60,000 after buying an additional 716 shares during the last quarter. Principal Securities Inc. purchased a new stake in Boot Barn during the fourth quarter valued at approximately $102,000. Quest Partners LLC purchased a new stake in Boot Barn during the fourth quarter valued at approximately $112,000. Neo Ivy Capital Management bought a new stake in shares of Boot Barn in the 4th quarter valued at approximately $165,000. Finally, Allworth Financial LP boosted its holdings in shares of Boot Barn by 61,325.0% in the 3rd quarter. Allworth Financial LP now owns 2,457 shares of the company’s stock worth $199,000 after purchasing an additional 2,453 shares during the period.

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.