Boot Barn (NYSE:BOOT) Price Target Raised to $165.00

Boot Barn (NYSE:BOOT) had its price objective raised by BTIG Research from $150.00 to $165.00 in a research note released on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Citigroup boosted their target price on Boot Barn from $122.00 to $154.00 and gave the company a buy rating in a research note on Friday, July 19th. Robert W. Baird increased their price objective on Boot Barn from $132.00 to $140.00 and gave the stock a neutral rating in a report on Thursday, August 8th. TD Cowen lifted their target price on shares of Boot Barn from $120.00 to $145.00 and gave the company a buy rating in a research note on Wednesday, June 5th. Benchmark restated a buy rating and set a $140.00 price target on shares of Boot Barn in a research note on Tuesday, August 6th. Finally, UBS Group upped their price objective on shares of Boot Barn from $125.00 to $127.00 and gave the stock a neutral rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $141.10.

Boot Barn Trading Up 2.7 %

Shares of NYSE BOOT opened at $154.55 on Tuesday. Boot Barn has a one year low of $66.73 and a one year high of $162.16. The business has a 50-day moving average price of $132.32 and a two-hundred day moving average price of $116.19. The firm has a market capitalization of $4.71 billion, a PE ratio of 32.20 and a beta of 2.11.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. The firm had revenue of $423.40 million for the quarter, compared to the consensus estimate of $415.04 million. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 earnings per share. Research analysts anticipate that Boot Barn will post 5.3 EPS for the current year.

Institutional Investors Weigh In On Boot Barn

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Boot Barn by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company’s stock worth $210,638,000 after buying an additional 35,925 shares in the last quarter. Wellington Management Group LLP grew its position in Boot Barn by 186.6% during the fourth quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock worth $197,527,000 after buying an additional 1,675,410 shares in the last quarter. Wasatch Advisors LP grew its position in Boot Barn by 43.8% during the first quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock worth $202,830,000 after buying an additional 649,021 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Boot Barn by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,086,810 shares of the company’s stock worth $83,425,000 after buying an additional 16,308 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Boot Barn by 35.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 700,007 shares of the company’s stock worth $53,733,000 after buying an additional 182,130 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.