Shares of Boot Barn Holdings, Inc. (NYSE:BOOT – Get Free Report) hit a new 52-week high during trading on Thursday after UBS Group raised their price target on the stock from $127.00 to $165.00. UBS Group currently has a neutral rating on the stock. Boot Barn traded as high as $169.83 and last traded at $169.61, with a volume of 161586 shares trading hands. The stock had previously closed at $167.10.
A number of other equities research analysts have also recently weighed in on the company. Citigroup lifted their price target on Boot Barn from $122.00 to $154.00 and gave the company a “buy” rating in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on Boot Barn from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Piper Sandler lifted their price target on Boot Barn from $147.00 to $179.00 and gave the company an “overweight” rating in a report on Monday. Benchmark lifted their price target on Boot Barn from $140.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, BTIG Research lifted their price target on Boot Barn from $150.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. One equities 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $156.00.
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Boot Barn Price Performance
The company has a market cap of $5.06 billion, a P/E ratio of 34.66 and a beta of 2.12. The company has a fifty day simple moving average of $151.00 and a 200-day simple moving average of $128.66.
Boot Barn (NYSE:BOOT – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.18. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The firm had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $415.04 million. During the same period in the previous year, the company posted $1.11 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, analysts anticipate that Boot Barn Holdings, Inc. will post 5.29 EPS for the current year.
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.
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