Boot Barn (NYSE:BOOT) Hits New 12-Month Low - Time to Sell?

Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) shares reached a new 52-week low on Friday . The company traded as low as $91.80 and last traded at $97.72, with a volume of 2571270 shares traded. The stock had previously closed at $114.85.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BOOT shares. BTIG Research lifted their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a report on Monday, January 13th. Piper Sandler reaffirmed an "overweight" rating and issued a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a report on Friday, January 31st. Stephens began coverage on Boot Barn in a research report on Wednesday. They set an "overweight" rating and a $100.00 target price on the stock. KeyCorp upgraded shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price target on the stock in a report on Thursday, January 23rd. Finally, UBS Group reduced their target price on Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Boot Barn has a consensus rating of "Moderate Buy" and an average price target of $175.62.

Boot Barn Stock Performance

The stock has a market capitalization of $3.16 billion, a PE ratio of 18.46, a PEG ratio of 1.17 and a beta of 1.75. The business has a 50 day moving average of $116.79 and a two-hundred day moving average of $139.66.

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

Institutional Investors Weigh In On Boot Barn

Several institutional investors have recently modified their holdings of the company. 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. Dale Q Rice Investment Management Ltd acquired a new stake in shares of Boot Barn in the 4th quarter valued at about $1,544,000. Stephens Investment Management Group LLC purchased a new position in shares of Boot Barn during the fourth quarter worth approximately $46,699,000. Alberta Investment Management Corp purchased a new position in Boot Barn during the 4th quarter worth $2,842,000. Finally, Charles Schwab Investment Management Inc. increased its position in Boot Barn by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company's stock valued at $54,439,000 after acquiring an additional 5,881 shares during the period.

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.