Boot Barn Holdings, Inc. (NYSE:BOOT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $170.75.

BOOT has been the subject of several recent analyst reports. UBS Group upgraded shares of Boot Barn from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $155.00 to $210.00 in a research report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Boot Barn from $181.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday. BTIG Research raised their price objective on shares of Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Williams Trading restated a “buy” rating and set a $173.00 price objective 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 research report on Wednesday, October 30th.

Insider Buying and Selling

In related news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the transaction, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Boot Barn

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in Boot Barn by 1.0% in the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock valued at $113,150,000 after acquiring an additional 6,369 shares in the last quarter. Algert Global LLC boosted its stake in shares of Boot Barn by 653.9% during the third quarter. Algert Global LLC now owns 23,001 shares of the company’s stock worth $3,848,000 after buying an additional 19,950 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Boot Barn by 7.7% during the second quarter. Public Sector Pension Investment Board now owns 66,902 shares of the company’s stock worth $8,626,000 after buying an additional 4,785 shares during the period. Blueshift Asset Management LLC acquired a new stake in shares of Boot Barn during the third quarter worth about $3,343,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Boot Barn by 51.1% during the third quarter. Victory Capital Management Inc. now owns 14,362 shares of the company’s stock worth $2,402,000 after buying an additional 4,856 shares during the period.

Boot Barn Price Performance

NYSE:BOOT opened at $155.95 on Friday. The firm has a market capitalization of $4.76 billion, a P/E ratio of 31.32 and a beta of 2.10. Boot Barn has a 1-year low of $69.35 and a 1-year high of $169.83. The company’s fifty day moving average price is $144.53 and its 200-day moving average price is $142.96.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The firm had revenue of $425.80 million for 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 business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. Equities analysts anticipate 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.