Brokerages Set Boot Barn Holdings, Inc. (NYSE:BOOT) PT at $164.55

Boot Barn Holdings, Inc. (NYSE:BOOT) has been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $164.55.

BOOT has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price objective on Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price on the stock in a research report on Wednesday, October 30th. Benchmark reissued a “buy” rating and set a $192.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Finally, Citigroup lowered their price target on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th.

Boot Barn Price Performance

Shares of Boot Barn stock opened at $145.45 on Friday. Boot Barn has a 1 year low of $68.37 and a 1 year high of $169.83. The business has a 50 day moving average price of $151.23 and a 200 day moving average price of $136.23. The company has a market capitalization of $4.44 billion, a P/E ratio of 29.21 and a beta of 2.16.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. The company had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. As a group, research analysts expect that Boot Barn will post 5.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Boot Barn

A number of large investors have recently bought and sold shares of the business. Trust Point Inc. boosted its stake in Boot Barn by 0.8% during the 3rd quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock valued at $1,524,000 after purchasing an additional 71 shares during the period. Crossmark Global Holdings Inc. increased its stake in Boot Barn by 3.7% during the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock valued at $382,000 after acquiring an additional 82 shares during the period. Fisher Asset Management LLC raised its holdings in Boot Barn by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock valued at $701,000 after acquiring an additional 83 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Boot Barn by 11.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock worth $120,000 after acquiring an additional 94 shares during the period. Finally, Shaker Investments LLC OH grew its holdings in shares of Boot Barn by 1.6% during the 2nd quarter. Shaker Investments LLC OH now owns 6,452 shares of the company’s stock worth $832,000 after purchasing an additional 102 shares in the last quarter.

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.