Boot Barn (NYSE:BOOT) Price Target Increased to $127.00 by Analysts at BTIG Research

Boot Barn (NYSE:BOOT) had its price target hoisted by BTIG Research from $100.00 to $127.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also recently weighed in on BOOT. TD Cowen upped their target price on shares of Boot Barn from $115.00 to $120.00 and gave the company a buy rating in a research note on Monday. B. Riley lowered their price objective on Boot Barn from $92.00 to $83.00 and set a buy rating on the stock in a research note on Thursday, February 1st. Robert W. Baird raised their target price on Boot Barn from $70.00 to $90.00 and gave the stock a neutral rating in a research report on Thursday, March 21st. StockNews.com cut Boot Barn from a hold rating to a sell rating in a research report on Friday, January 19th. Finally, Williams Trading reiterated a hold rating on shares of Boot Barn in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $109.11.

Boot Barn Stock Up 1.9 %

BOOT stock opened at $109.79 on Monday. The business’s 50-day simple moving average is $94.25 and its 200 day simple moving average is $82.23. The company has a market cap of $3.33 billion, a PE ratio of 20.45 and a beta of 2.19. Boot Barn has a twelve month low of $64.33 and a twelve month high of $110.89.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, January 31st. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. The business had revenue of $520.40 million during the quarter, compared to analyst estimates of $520.34 million. On average, equities research analysts anticipate that Boot Barn will post 4.73 EPS for the current year.

Insider Activity

In related news, insider Laurie Marie Grijalva sold 5,861 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $90.31, for a total value of $529,306.91. Following the completion of the transaction, the insider now owns 5,861 shares in the company, valued at approximately $529,306.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Laurie Marie Grijalva sold 5,861 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.31, for a total value of $529,306.91. Following the transaction, the insider now owns 5,861 shares in the company, valued at $529,306.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gene Eddie Burt sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $85.03, for a total value of $85,030.00. Following the sale, the director now directly owns 1,542 shares of the company’s stock, valued at $131,116.26. The disclosure for this sale can be found here. Insiders have sold 26,339 shares of company stock valued at $2,413,715 over the last three months. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BOOT. Principal Financial Group Inc. grew its stake in shares of Boot Barn by 20.8% during the first quarter. Principal Financial Group Inc. now owns 190,159 shares of the company’s stock worth $18,094,000 after purchasing an additional 32,711 shares during the period. WCM Investment Management LLC boosted its stake in Boot Barn by 17.4% during the 1st quarter. WCM Investment Management LLC now owns 331,314 shares of the company’s stock worth $31,525,000 after acquiring an additional 49,068 shares during the last quarter. Hunter Perkins Capital Management LLC acquired a new position in Boot Barn during the first quarter valued at approximately $645,000. Raymond James & Associates increased its stake in Boot Barn by 173.0% in the first quarter. Raymond James & Associates now owns 48,388 shares of the company’s stock valued at $4,604,000 after purchasing an additional 30,663 shares in the last quarter. Finally, Norden Group LLC acquired a new stake in Boot Barn in the first quarter worth $442,000.

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.