Boot Barn (NYSE:BOOT) Sets New 1-Year High – Here’s What Happened

Boot Barn Holdings, Inc. (NYSE:BOOT) shares reached a new 52-week high on Thursday . The stock traded as high as $176.64 and last traded at $173.94, with a volume of 755667 shares traded. The stock had previously closed at $173.97.

Analyst Upgrades and Downgrades

BOOT has been the subject of a number of recent analyst reports. UBS Group upgraded shares of Boot Barn from a “neutral” rating to a “buy” rating and increased their target price for the stock from $155.00 to $210.00 in a research report on Friday, January 10th. Citigroup cut their target price on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. JPMorgan Chase & Co. increased their price target on Boot Barn from $181.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. BTIG Research lifted their price objective on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, KeyCorp upgraded Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $173.00.

Boot Barn Trading Down 0.0 %

The firm’s 50 day moving average price is $152.18 and its 200-day moving average price is $146.09. The company has a market cap of $5.31 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last released its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The firm had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 EPS. Analysts predict that Boot Barn Holdings, Inc. will post 5.8 earnings per share for the current fiscal year.

Insider Transactions at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 $602,282.26. This trade represents a 61.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Boot Barn

Hedge funds have recently bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new position in shares of Boot Barn in the 3rd quarter valued at $25,000. Blue Trust Inc. grew its stake in Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after acquiring an additional 143 shares during the period. GAMMA Investing LLC increased its holdings in shares of Boot Barn by 100.8% in the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after acquiring an additional 268 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Boot Barn during the third quarter worth about $92,000. Finally, R Squared Ltd bought a new position in shares of Boot Barn during the 4th quarter valued at about $102,000.

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.