Boot Barn Holdings, Inc. (NYSE:BOOT) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $170.75.

Several analysts recently weighed in on the company. BTIG Research increased their price target on Boot Barn from $165.00 to $185.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Baird R W raised shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. Bank of America assumed coverage on shares of Boot Barn in a report on Tuesday, January 7th. They issued a "buy" rating and a $187.00 target price for the company. Robert W. Baird upgraded shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price target on the stock in a report on Wednesday, October 30th. Finally, Benchmark reissued a "buy" rating and issued a $192.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th.

Boot Barn Price Performance

Shares of NYSE BOOT traded down $4.39 during midday trading on Friday, reaching $155.95. 886,311 shares of the stock traded hands, compared to its average volume of 733,408. The company's 50 day moving average is $144.53 and its 200 day moving average is $143.06. Boot Barn has a one year low of $69.35 and a one year high of $169.83. The stock has a market capitalization of $4.76 billion, a PE ratio of 31.32 and a beta of 2.10.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.02. The business had revenue of $425.80 million during the quarter, compared to analysts' expectations of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The business's revenue was up 13.7% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. As a group, equities analysts forecast that Boot Barn will post 5.48 EPS for the current year.

Insider Activity at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 3,937 shares of the company's stock, valued at $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 available through this link. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Boot Barn

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tilia Fiduciary Partners Inc. grew its position in shares of Boot Barn by 1.7% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 9,798 shares of the company's stock worth $1,488,000 after buying an additional 167 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Boot Barn by 18,573.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 14,939 shares of the company's stock valued at $2,268,000 after acquiring an additional 14,859 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Boot Barn by 56.5% in the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company's stock worth $23,638,000 after purchasing an additional 51,032 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Boot Barn by 1.0% during the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company's stock worth $68,004,000 after purchasing an additional 4,226 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Boot Barn during the 3rd quarter valued at $212,000.

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.