Boot Barn (NYSE:BOOT) Price Target Raised to $190.00 at BTIG Research

Boot Barn (NYSE:BOOT) had its price objective lifted by equities research analysts at BTIG Research from $185.00 to $190.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target would suggest a potential upside of 21.56% from the company’s current price.

BOOT has been the subject of several other research reports. UBS Group raised Boot Barn from a “neutral” rating to a “buy” rating and raised their target price for the stock from $155.00 to $210.00 in a research note on Friday. Citigroup cut their price objective on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Benchmark reaffirmed a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Williams Trading reiterated a “buy” rating and set a $173.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $171.17.

Boot Barn Trading Up 0.1 %

NYSE:BOOT traded up $0.16 during trading hours on Monday, hitting $156.30. The company had a trading volume of 635,701 shares, compared to its average volume of 716,656. Boot Barn has a 1 year low of $69.35 and a 1 year high of $169.83. The company has a market cap of $4.77 billion, a P/E ratio of 31.39 and a beta of 2.10. The company has a 50-day moving average of $144.53 and a 200 day moving average of $143.06.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The firm had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. Boot Barn’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. On average, analysts forecast that Boot Barn will post 5.48 earnings per share for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Boot Barn

Institutional investors have recently added to or reduced their stakes in the stock. Choreo LLC purchased a new position in shares of Boot Barn during the 2nd quarter worth approximately $213,000. Thoroughbred Financial Services LLC acquired a new stake in shares of Boot Barn in the second quarter valued at about $263,000. Oppenheimer Asset Management Inc. grew its position in Boot Barn by 22.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 22,223 shares of the company’s stock worth $2,865,000 after buying an additional 4,146 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Boot Barn in the 2nd quarter worth approximately $257,000. Finally, Edgestream Partners L.P. increased its stake in Boot Barn by 14.4% in the 2nd quarter. Edgestream Partners L.P. now owns 3,637 shares of the company’s stock valued at $469,000 after purchasing an additional 457 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.