Boot Barn Holdings, Inc. (NYSE:BOOT) Receives Consensus Rating of “Buy” from Analysts

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been given a consensus recommendation of “Buy” by the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $181.58.

A number of analysts recently weighed in on BOOT shares. Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price on the stock in a research note on Wednesday, October 30th. Citigroup cut their price target on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. KeyCorp upgraded shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Thursday, January 23rd. Finally, UBS Group cut their price objective on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, February 3rd.

Insider Buying and Selling

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the sale, the chief executive officer now owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. GHP Investment Advisors Inc. purchased a new position in shares of Boot Barn in the 3rd quarter worth about $25,000. Blue Trust Inc. grew its position in shares of Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after purchasing an additional 143 shares in the last quarter. Signaturefd LLC raised its stake in shares of Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after purchasing an additional 111 shares during the period. Assetmark Inc. lifted its holdings in Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after purchasing an additional 113 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Boot Barn by 100.8% in the 3rd quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after purchasing an additional 268 shares during the period.

Boot Barn Trading Down 1.4 %

Shares of Boot Barn stock opened at $138.03 on Thursday. The company’s fifty day simple moving average is $153.66 and its 200-day simple moving average is $147.68. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.25 and a beta of 2.10. Boot Barn has a 1 year low of $82.67 and a 1 year high of $176.64.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. As a group, research analysts forecast that Boot Barn will post 5.82 earnings per share 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.