Boot Barn Holdings, Inc. (NYSE:BOOT) Given Consensus Rating of "Buy" by Analysts

Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) has earned a consensus recommendation of "Buy" from the thirteen research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $181.92.

A number of equities research analysts have recently issued reports on the company. BTIG Research boosted their target price on Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their price objective on Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. StockNews.com cut shares of Boot Barn from a "hold" rating to a "sell" rating in a report on Monday, February 17th. Bank of America boosted their price target on shares of Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st.

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Boot Barn Price Performance

Shares of BOOT traded up $2.85 during mid-day trading on Monday, hitting $116.55. The company's stock had a trading volume of 1,243,799 shares, compared to its average volume of 748,776. The firm has a 50-day moving average price of $146.84 and a 200 day moving average price of $147.35. Boot Barn has a fifty-two week low of $82.67 and a fifty-two week high of $176.64. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, equities analysts anticipate that Boot Barn will post 5.82 EPS for the current fiscal year.

Insider Transactions at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the business'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 sale, the chief executive officer now owns 3,937 shares of the company's stock, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Boot Barn

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its stake in shares of Boot Barn by 47.3% during the 4th quarter. FMR LLC now owns 2,211,300 shares of the company's stock worth $335,720,000 after purchasing an additional 709,903 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Boot Barn by 48.6% in the fourth quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company's stock worth $328,091,000 after purchasing an additional 706,518 shares in the last quarter. Stephens Investment Management Group LLC acquired a new position in Boot Barn during the fourth quarter worth $46,699,000. Proficio Capital Partners LLC bought a new position in Boot Barn during the fourth quarter valued at about $45,177,000. Finally, Capital Research Global Investors lifted its position in shares of Boot Barn by 32.6% in the fourth quarter. Capital Research Global Investors now owns 1,141,821 shares of the company's stock worth $173,351,000 after buying an additional 280,892 shares during the last quarter.

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.