Boot Barn (NYSE:BOOT) Given New $190.00 Price Target at BTIG Research

Boot Barn (NYSE:BOOT) had its target price lifted by BTIG Research from $185.00 to $190.00 in a research note published on Monday morning,Benzinga reports. BTIG Research currently has a buy rating on the stock.

A number of other research analysts have also issued reports on BOOT. Robert W. Baird upgraded shares of 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 objective on shares of Boot Barn in a research note on Tuesday, October 29th. Craig Hallum cut Boot Barn from a “buy” rating to a “hold” rating and lifted their price objective for the company from $154.00 to $162.00 in a report on Friday, October 25th. Citigroup reduced their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $179.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Boot Barn presently has a consensus rating of “Moderate Buy” and an average target price of $171.17.

Boot Barn Trading Down 0.5 %

Shares of NYSE BOOT opened at $155.35 on Monday. The firm has a market cap of $4.74 billion, a P/E ratio of 31.19 and a beta of 2.10. The business’s 50 day moving average is $145.07 and its 200-day moving average is $143.25. Boot Barn has a 1-year low of $69.35 and a 1-year high of $169.83.

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

Insider Activity 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 sale, the chief executive officer now directly owns 3,937 shares in the company, valued at $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 available at this hyperlink. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Boot Barn

Several large investors have recently modified their holdings of BOOT. Trust Point Inc. increased its position in Boot Barn by 0.8% during the 3rd quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock valued at $1,524,000 after purchasing an additional 71 shares during the period. Crossmark Global Holdings Inc. raised its stake in Boot Barn by 3.7% during the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock worth $382,000 after buying an additional 82 shares during the last quarter. Fisher Asset Management LLC lifted its holdings 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 buying an additional 83 shares during the period. Kings Path Partners LLC grew its holdings in Boot Barn by 2.7% during the 3rd quarter. Kings Path Partners LLC now owns 5,430 shares of the company’s stock worth $908,000 after acquiring an additional 142 shares during the period. Finally, GHP Investment Advisors Inc. bought a new position in shares of Boot Barn in the 3rd quarter worth about $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.