Boot Barn (NYSE:BOOT) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Boot Barn (NYSE:BOOT) from a hold rating to a sell rating in a report released on Monday.

A number of other analysts have also commented on BOOT. Williams Trading reissued a “buy” rating and set a $173.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Citigroup decreased their price objective on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price for the company in a report on Wednesday, October 30th. UBS Group reduced their target price on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their target price on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $181.58.

Boot Barn Stock Performance

BOOT stock opened at $137.11 on Monday. The stock’s 50 day simple moving average is $152.18 and its 200 day simple moving average is $147.82. Boot Barn has a fifty-two week low of $82.67 and a fifty-two week high of $176.64. The company has a market cap of $4.19 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 1.25 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping 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%. Equities analysts predict that Boot Barn will post 5.82 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO John Hazen sold 6,311 shares of the stock in a transaction 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 sale, the chief executive officer now owns 3,937 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Boot Barn

Institutional investors and hedge funds have recently made changes to their positions in the business. GHP Investment Advisors Inc. purchased a new stake in shares of Boot Barn in the third quarter worth $25,000. Blue Trust Inc. increased its stake in 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 acquiring an additional 143 shares during the last quarter. Signaturefd LLC increased its stake in Boot Barn by 201.8% in the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after acquiring an additional 111 shares during the last quarter. Assetmark Inc. increased its stake in Boot Barn by 45.2% in the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock valued at $55,000 after acquiring an additional 113 shares during the last quarter. Finally, R Squared Ltd bought a new position in Boot Barn in the fourth quarter valued at $102,000.

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.