Boot Barn Holdings, Inc. (NYSE:BOOT) Given Consensus Recommendation of “Buy” by Analysts

Boot Barn Holdings, Inc. (NYSE:BOOT) has received an average recommendation of “Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $181.92.

BOOT has been the subject of a number of research reports. KeyCorp upgraded Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Thursday, January 23rd. Craig Hallum set a $178.00 price target on shares of Boot Barn in a research note on Friday, January 31st. BTIG Research lifted their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. upped their target price on shares of Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Piper Sandler restated an “overweight” rating and issued a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st.

Insider Activity at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the 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 completion of the transaction, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOOT. Signaturefd LLC lifted its position in shares of Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after acquiring an additional 111 shares during the period. Blue Trust Inc. raised its holdings in Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after purchasing an additional 143 shares during the last quarter. Assetmark Inc. boosted its position in Boot Barn by 45.2% during the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after purchasing an additional 113 shares in the last quarter. R Squared Ltd purchased a new stake in Boot Barn during the fourth quarter worth $102,000. Finally, Smartleaf Asset Management LLC grew its holdings in Boot Barn by 212.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock valued at $115,000 after purchasing an additional 509 shares during the last quarter.

Boot Barn Trading Up 0.7 %

Shares of NYSE:BOOT opened at $107.33 on Friday. The firm has a 50 day simple moving average of $131.03 and a 200-day simple moving average of $143.79. The company has a market capitalization of $3.28 billion, a PE ratio of 19.17, a P/E/G ratio of 1.17 and a beta of 2.07. Boot Barn has a twelve month low of $91.56 and a twelve month high of $176.64.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, equities research analysts predict that Boot Barn will post 5.82 EPS for the current fiscal year.

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.