Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $164.55 Average PT from Analysts

Boot Barn Holdings, Inc. (NYSE:BOOT) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $164.55.

BOOT has been the topic of several research analyst reports. Citigroup dropped their target price on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price objective on shares of Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Craig Hallum lowered shares of Boot Barn from a “buy” rating to a “hold” rating and lifted their price target for the company from $154.00 to $162.00 in a research note on Friday, October 25th. Robert W. Baird upgraded shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective for the company in a research note on Wednesday, October 30th. Finally, Williams Trading reiterated a “buy” rating and set a $173.00 target price on shares of Boot Barn in a report on Tuesday, October 29th.

Institutional Trading of Boot Barn

Large investors have recently bought and sold shares of the business. State Street Corp lifted its stake in shares of Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after acquiring an additional 51,356 shares during the last quarter. Geode Capital Management LLC increased its holdings in Boot Barn by 1.0% in the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock valued at $113,150,000 after purchasing an additional 6,369 shares during the period. Westwood Holdings Group Inc. lifted its holdings in Boot Barn by 29.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company’s stock worth $51,918,000 after buying an additional 124,060 shares during the period. Thrivent Financial for Lutherans increased its position in Boot Barn by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock valued at $82,895,000 after purchasing an additional 1,834 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Boot Barn by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company’s stock valued at $58,999,000 after purchasing an additional 6,335 shares during the last quarter.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $145.45 on Friday. The company has a 50 day moving average of $151.23 and a 200-day moving average of $136.23. Boot Barn has a one year low of $68.37 and a one year high of $169.83. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 29.21 and a beta of 2.16.

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

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.