Boot Barn (NYSE:BOOT) Sets New 1-Year High at $132.54

Boot Barn Holdings, Inc. (NYSE:BOOT) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $132.54 and last traded at $132.44, with a volume of 167057 shares changing hands. The stock had previously closed at $130.38.

Wall Street Analyst Weigh In

BOOT has been the topic of a number of research analyst reports. BTIG Research upped their target price on shares of Boot Barn from $125.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Robert W. Baird increased their price target on Boot Barn from $100.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. Craig Hallum lifted their price objective on shares of Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Piper Sandler raised their target price on shares of Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Finally, Benchmark increased their price target on shares of Boot Barn from $110.00 to $140.00 and gave the company a “buy” rating in a report on Monday, June 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $123.36.

Boot Barn Stock Up 1.9 %

The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 27.16 and a beta of 2.16. The firm has a 50 day moving average of $111.54 and a 200 day moving average of $92.67.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. The business had revenue of $388.46 million during the quarter, compared to analysts’ expectations of $383.67 million. Equities analysts expect that Boot Barn Holdings, Inc. will post 4.82 EPS for the current year.

Insider Activity at Boot Barn

In related news, insider John Hazen sold 3,563 shares of Boot Barn stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $113.21, for a total transaction of $403,367.23. Following the transaction, the insider now owns 1,309 shares of the company’s stock, valued at $148,191.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Brenda I. Morris sold 1,500 shares of Boot Barn stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $110.11, for a total transaction of $165,165.00. Following the sale, the director now directly owns 4,546 shares in the company, valued at approximately $500,560.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Hazen sold 3,563 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $113.21, for a total transaction of $403,367.23. Following the completion of the transaction, the insider now directly owns 1,309 shares in the company, valued at $148,191.89. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,795 shares of company stock valued at $1,329,686. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. J.P. Morgan Private Wealth Advisors LLC grew its stake in Boot Barn by 7.7% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $248,000 after buying an additional 219 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Boot Barn by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 307,090 shares of the company’s stock worth $24,933,000 after purchasing an additional 11,970 shares in the last quarter. Pathstone Family Office LLC bought a new position in Boot Barn in the 3rd quarter worth about $204,000. Deutsche Bank AG increased its position in shares of Boot Barn by 13.8% during the third quarter. Deutsche Bank AG now owns 16,160 shares of the company’s stock valued at $1,312,000 after buying an additional 1,954 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Boot Barn by 1.7% in the third quarter. Rhumbline Advisers now owns 87,825 shares of the company’s stock worth $7,130,000 after buying an additional 1,431 shares in the last quarter.

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.