Boot Barn (NYSE:BOOT) Price Target Raised to $167.00 at Robert W. Baird

Boot Barn (NYSE:BOOT) had its price target lifted by research analysts at Robert W. Baird from $140.00 to $167.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 0.20% from the stock’s current price.

BOOT has been the topic of a number of other research reports. TD Cowen raised their target price on shares of Boot Barn from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Craig Hallum boosted their price objective on Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Citigroup upped their price objective on Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. raised their target price on Boot Barn from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Finally, Piper Sandler upped their price target on shares of Boot Barn from $144.00 to $147.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.80.

Boot Barn Trading Up 0.1 %

Shares of BOOT opened at $166.66 on Tuesday. Boot Barn has a 52 week low of $66.73 and a 52 week high of $169.07. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 34.72 and a beta of 2.11. The stock has a 50 day moving average of $141.70 and a 200-day moving average of $122.89.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. The firm had revenue of $423.40 million during the quarter, compared to the consensus estimate of $415.04 million. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.11 earnings per share. On average, sell-side analysts predict that Boot Barn will post 5.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boot Barn

Several large investors have recently bought and sold shares of BOOT. Broad Bay Capital Management LP boosted its holdings in shares of Boot Barn by 25.0% in the fourth quarter. Broad Bay Capital Management LP now owns 400,000 shares of the company’s stock valued at $30,704,000 after acquiring an additional 80,000 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in Boot Barn in the first quarter worth approximately $695,000. Sei Investments Co. boosted its stake in Boot Barn by 52.5% during the 1st quarter. Sei Investments Co. now owns 73,884 shares of the company’s stock valued at $7,030,000 after purchasing an additional 25,434 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of Boot Barn during the 1st quarter valued at $32,779,000. Finally, Southernsun Asset Management LLC raised its stake in shares of Boot Barn by 4.5% in the 4th quarter. Southernsun Asset Management LLC now owns 495,399 shares of the company’s stock worth $38,027,000 after buying an additional 21,408 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.