BTIG Research Increases Boot Barn (NYSE:BOOT) Price Target to $150.00

Boot Barn (NYSE:BOOTGet Free Report) had its target price raised by equities research analysts at BTIG Research from $125.00 to $150.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s target price suggests a potential upside of 16.55% from the company’s previous close.

BOOT has been the topic of a number of other research reports. KeyCorp initiated coverage on shares of Boot Barn in a report on Wednesday, February 7th. They set a “sector weight” rating on the stock. JPMorgan Chase & Co. increased their price target on shares of Boot Barn from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. Benchmark increased their price target on shares of Boot Barn from $88.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Craig Hallum increased their price target on shares of Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, TD Cowen increased their price target on shares of Boot Barn from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $117.73.

View Our Latest Report on BOOT

Boot Barn Trading Down 0.1 %

Boot Barn stock opened at $128.70 on Wednesday. The firm’s 50 day simple moving average is $106.63 and its 200 day simple moving average is $89.33. The firm has a market capitalization of $3.91 billion, a PE ratio of 26.81 and a beta of 2.16. Boot Barn has a 1-year low of $66.73 and a 1-year high of $131.85.

Boot Barn (NYSE:BOOTGet Free Report) last posted its earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The business had revenue of $388.46 million for the quarter, compared to analyst estimates of $383.67 million. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. Research analysts forecast that Boot Barn will post 4.8 earnings per share for the current year.

Insider Transactions at Boot Barn

In other news, insider Michael A. Love sold 1,079 shares of the firm’s 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 sale, the insider now directly owns 2,112 shares of the company’s stock, valued at approximately $232,763.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Michael A. Love sold 1,079 shares of the firm’s 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 sale, the insider now directly owns 2,112 shares of the company’s stock, valued at approximately $232,763.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Hazen sold 3,563 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $113.21, for a total transaction of $403,367.23. Following the completion of the sale, the insider now directly owns 1,309 shares of the company’s stock, valued at $148,191.89. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,795 shares of company stock valued at $1,329,686. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Louisiana State Employees Retirement System bought a new position in shares of Boot Barn in the 4th quarter worth about $1,167,000. Eagle Asset Management Inc. increased its stake in Boot Barn by 17.6% during the 4th quarter. Eagle Asset Management Inc. now owns 337,335 shares of the company’s stock valued at $25,894,000 after purchasing an additional 50,577 shares in the last quarter. Prevail Innovative Wealth Advisors LLC increased its stake in Boot Barn by 60.0% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 28,522 shares of the company’s stock valued at $2,189,000 after purchasing an additional 10,699 shares in the last quarter. Aigen Investment Management LP increased its stake in Boot Barn by 96.4% during the 4th quarter. Aigen Investment Management LP now owns 23,629 shares of the company’s stock valued at $1,814,000 after purchasing an additional 11,596 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Boot Barn by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 320,258 shares of the company’s stock valued at $24,583,000 after purchasing an additional 13,168 shares in the last quarter.

Boot Barn Company Profile

(Get Free Report)

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.

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