Boot Barn Holdings, Inc. (NYSE:BOOT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $171.58.

Several brokerages have commented on BOOT. UBS Group upgraded shares of Boot Barn from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $155.00 to $210.00 in a research note on Friday, January 10th. Robert W. Baird upgraded 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. Williams Trading restated a “buy” rating and set a $173.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Craig Hallum cut Boot Barn from a “buy” rating to a “hold” rating and upped their price objective for the stock from $154.00 to $162.00 in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Boot Barn from $181.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th.

Boot Barn Stock Up 4.6 %

NYSE BOOT opened at $160.28 on Friday. The business has a 50-day moving average price of $146.85 and a 200-day moving average price of $143.83. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 1.59 and a beta of 2.10. Boot Barn has a twelve month low of $69.35 and a twelve month high of $169.83.

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

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the transaction, the chief executive officer now owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Boot Barn

A number of large investors have recently bought and sold shares of the business. Trust Point Inc. lifted its position in shares of Boot Barn by 0.8% during the third quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock worth $1,524,000 after purchasing an additional 71 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of 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 in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of 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 during the period. Kings Path Partners LLC grew its stake in Boot Barn by 2.7% in the third quarter. Kings Path Partners LLC now owns 5,430 shares of the company’s stock worth $908,000 after purchasing an additional 142 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in Boot Barn during the 3rd quarter worth $25,000.

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.