Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $181.92 Consensus Target Price from Analysts

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned a consensus rating of “Buy” from the thirteen analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $181.92.

Several equities research analysts have commented on the stock. Robert W. Baird dropped their price target on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their target price on shares of Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. BTIG Research raised their target price on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, January 13th. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Thursday, January 23rd. Finally, Piper Sandler restated an “overweight” rating and issued a $181.00 target price (up from $179.00) on shares of Boot Barn in a report on Friday, January 31st.

Insider Buying and Selling

In other news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was 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 approximately $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Boot Barn

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Boot Barn by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company’s stock worth $517,686,000 after purchasing an additional 73,089 shares during the last quarter. FMR LLC boosted its holdings in Boot Barn by 47.3% in the fourth quarter. FMR LLC now owns 2,211,300 shares of the company’s stock valued at $335,720,000 after acquiring an additional 709,903 shares during the last quarter. Wellington Management Group LLP increased its position in Boot Barn by 48.6% during the 4th quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company’s stock valued at $328,091,000 after purchasing an additional 706,518 shares during the period. State Street Corp boosted 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 purchasing an additional 51,356 shares during the last quarter. Finally, Capital Research Global Investors increased its position in shares of Boot Barn by 32.6% during the fourth quarter. Capital Research Global Investors now owns 1,141,821 shares of the company’s stock worth $173,351,000 after buying an additional 280,892 shares during the period.

Boot Barn Stock Down 2.9 %

Shares of BOOT stock opened at $104.13 on Friday. Boot Barn has a 52 week low of $95.28 and a 52 week high of $176.64. The business has a 50 day moving average of $129.91 and a two-hundred day moving average of $143.44. The company has a market cap of $3.19 billion, a P/E ratio of 18.59, a PEG ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT) last released its earnings results on Thursday, January 30th. The company reported $2.43 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%. Analysts expect that Boot Barn will post 5.82 EPS for the current fiscal 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.