Boot Barn Holdings, Inc. (NYSE:BOOT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $138.20.

BOOT has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $140.00 price objective on shares of Boot Barn in a research report on Tuesday, August 6th. Piper Sandler boosted their price target on Boot Barn from $144.00 to $147.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Robert W. Baird raised their price objective on Boot Barn from $132.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. UBS Group boosted their target price on Boot Barn from $125.00 to $127.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Finally, Citigroup raised their price target on Boot Barn from $122.00 to $154.00 and gave the company a “buy” rating in a report on Friday, July 19th.

Boot Barn Stock Down 0.9 %

Shares of BOOT stock opened at $136.28 on Thursday. The company’s fifty day simple moving average is $128.04 and its 200-day simple moving average is $109.48. The firm has a market cap of $4.14 billion, a PE ratio of 28.39 and a beta of 2.09. Boot Barn has a 12 month low of $66.73 and a 12 month high of $141.87.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. The business had revenue of $423.40 million for the quarter, compared to analyst estimates of $415.04 million. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 earnings per share. On average, equities analysts predict that Boot Barn will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, Director Brenda I. Morris sold 1,500 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $110.11, for a total value of $165,165.00. Following the transaction, the director now directly owns 4,546 shares of the company’s stock, valued at approximately $500,560.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Boot Barn news, insider Michael A. Love sold 1,079 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $110.21, for a total value of $118,916.59. Following the transaction, the insider now directly owns 2,112 shares of the company’s stock, valued at approximately $232,763.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brenda I. Morris sold 1,500 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $110.11, for a total value of $165,165.00. Following the sale, the director now directly owns 4,546 shares in the company, valued at $500,560.06. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Institutional Trading of Boot Barn

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock worth $34,000 after purchasing an additional 140 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Boot Barn during the 2nd quarter worth $64,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Boot Barn during the 2nd quarter worth $84,000. Headlands Technologies LLC grew its holdings in shares of Boot Barn by 1,037.7% during the 4th quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock worth $60,000 after purchasing an additional 716 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Boot Barn by 11.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock worth $120,000 after purchasing an additional 94 shares in the last quarter.

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.