Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $181.92 Average PT from Brokerages

Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) has been given a consensus rating of "Buy" by the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $181.92.

A number of brokerages have weighed in on BOOT. StockNews.com lowered Boot Barn from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. Bank of America upped their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. UBS Group dropped their target price on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Craig Hallum set a $178.00 price target on shares of Boot Barn in a report on Friday, January 31st. Finally, BTIG Research lifted their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a report on Monday, January 13th.

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Insider Activity

In other news, CEO John Hazen sold 6,311 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Boot Barn

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOOT. Signaturefd LLC lifted its holdings in shares of Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after buying an additional 111 shares during the period. Blue Trust Inc. lifted its holdings 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 period. Assetmark Inc. boosted its position in Boot Barn by 45.2% in the fourth quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after purchasing an additional 113 shares during the last quarter. R Squared Ltd bought a new stake in shares of Boot Barn during the 4th quarter valued at about $102,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Boot Barn by 212.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock valued at $115,000 after purchasing an additional 509 shares during the last quarter.

Boot Barn Price Performance

Shares of BOOT traded up $3.34 during midday trading on Friday, hitting $107.51. 931,596 shares of the company traded hands, compared to its average volume of 778,314. The stock has a 50-day moving average of $128.85 and a 200-day moving average of $143.14. Boot Barn has a one year low of $95.28 and a one year high of $176.64. The firm has a market cap of $3.29 billion, a P/E ratio of 19.20, a PEG ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. Sell-side analysts forecast that Boot Barn will post 5.82 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.