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

Boot Barn Holdings, Inc. (NYSE:BOOT) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $171.58.

Several equities research analysts recently weighed in on the company. BTIG Research lifted their price target on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Citigroup reduced their target price on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Benchmark reaffirmed a “buy” rating and set a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. Williams Trading reissued a “buy” rating and issued a $173.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. Finally, Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th.

Insiders Place Their Bets

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the sale, the chief executive officer now directly owns 3,937 shares in the company, valued at $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Boot Barn

Several large investors have recently added to or reduced their stakes in BOOT. Artemis Investment Management LLP bought a new stake in Boot Barn during the fourth quarter valued at about $36,361,000. Marshall Wace LLP purchased a new position in shares of Boot Barn during the 2nd quarter valued at about $19,532,000. State Street Corp grew its stake in shares of Boot Barn by 4.4% during the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after acquiring an additional 51,356 shares during the period. JPMorgan Chase & Co. increased its holdings in Boot Barn by 56.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock worth $23,638,000 after acquiring an additional 51,032 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Boot Barn during the 3rd quarter worth approximately $5,931,000.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $160.28 on Friday. The stock’s 50-day moving average is $146.85 and its 200 day moving average is $143.83. The company has a market cap of $4.89 billion, a PE ratio of 32.19, a P/E/G ratio of 1.59 and a beta of 2.10. Boot Barn has a 1 year low of $69.35 and a 1 year high of $169.83.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.93 by $0.02. The business 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%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. Analysts expect that Boot Barn will post 5.48 EPS 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.