Boot Barn (NYSE:BOOT) Price Target Raised to $192.00

Boot Barn (NYSE:BOOT) had its price objective upped by analysts at Bank of America from $187.00 to $192.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 27.49% from the stock’s current price.

BOOT has been the topic of a number of other reports. JPMorgan Chase & Co. increased their price objective on shares of Boot Barn from $181.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Benchmark reiterated a “buy” rating and issued a $192.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Citigroup dropped their price objective on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. BTIG Research increased their target price on Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and an average target price of $171.58.

Boot Barn Stock Performance

NYSE BOOT opened at $150.60 on Wednesday. The business’s 50 day moving average price is $145.07 and its 200-day moving average price is $143.25. Boot Barn has a fifty-two week low of $69.35 and a fifty-two week high of $169.83. The company has a market cap of $4.60 billion, a P/E ratio of 30.24 and a beta of 2.10.

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

Insider Buying and Selling at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the firm’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 sale, the chief executive officer now directly owns 3,937 shares in the company, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BOOT. Choreo LLC purchased a new position in Boot Barn in the second quarter worth $213,000. Thoroughbred Financial Services LLC purchased a new position in Boot Barn during the 2nd quarter worth $263,000. WINTON GROUP Ltd acquired a new position in Boot Barn during the 2nd quarter valued at about $257,000. Edgestream Partners L.P. raised its stake in Boot Barn by 14.4% in the second quarter. Edgestream Partners L.P. now owns 3,637 shares of the company’s stock valued at $469,000 after buying an additional 457 shares during the last quarter. Finally, Argent Trust Co acquired a new stake in Boot Barn in the second quarter worth about $276,000.

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.