Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $181.58 Consensus Target Price from Analysts

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been assigned a consensus rating of “Buy” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $181.58.

A number of research analysts have recently commented on the stock. Citigroup reduced their target price on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Craig Hallum lowered shares of Boot Barn from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $154.00 to $162.00 in a report on Friday, October 25th. JPMorgan Chase & Co. raised their target price on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Williams Trading reiterated a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Finally, Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective for the company in a research note on Wednesday, October 30th.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Boot Barn

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Trust Point Inc. lifted its position in Boot Barn by 0.8% in the 3rd quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock worth $1,524,000 after buying an additional 71 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position 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 purchasing an additional 82 shares during the last quarter. Fisher Asset Management LLC grew its stake in Boot Barn by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock valued at $701,000 after purchasing an additional 83 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Boot Barn by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company’s stock valued at $2,247,000 after purchasing an additional 100 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Boot Barn by 1.1% in the 4th quarter. Arizona State Retirement System now owns 8,853 shares of the company’s stock worth $1,344,000 after purchasing an additional 100 shares during the last quarter.

Boot Barn Price Performance

NYSE BOOT opened at $138.03 on Thursday. Boot Barn has a 1-year low of $82.67 and a 1-year high of $176.64. The firm has a market capitalization of $4.22 billion, a P/E ratio of 24.65, a P/E/G ratio of 1.25 and a beta of 2.10. The business’s 50-day simple moving average is $153.66 and its 200-day simple moving average is $147.68.

Boot Barn (NYSE:BOOT) last issued 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 net margin of 9.36% and a return on equity of 17.11%. On average, equities research analysts expect that Boot Barn will post 5.82 EPS for the current fiscal year.

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.