Boot Barn (NYSE:BOOT) Price Target Lowered to $120.00 at Robert W. Baird

Boot Barn (NYSE:BOOT - Get Free Report) had its target price dropped by analysts at Robert W. Baird from $133.00 to $120.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's target price points to a potential upside of 28.67% from the stock's previous close.

Several other research analysts have also issued reports on BOOT. Piper Sandler reissued an "overweight" rating and set a $181.00 target price (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. KeyCorp raised shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price objective on the stock in a research report on Thursday, January 23rd. UBS Group decreased their target price on Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. BTIG Research increased their price target on Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $169.23.

Boot Barn Stock Up 4.6 %

Shares of NYSE BOOT opened at $93.27 on Wednesday. The company has a market capitalization of $2.85 billion, a PE ratio of 16.65, a P/E/G ratio of 1.17 and a beta of 1.75. Boot Barn has a twelve month low of $86.17 and a twelve month high of $176.64. The firm has a fifty day simple moving average of $108.64 and a 200 day simple moving average of $135.12.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $2.43 EPS 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%. As a group, equities analysts expect that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boot Barn

A number of institutional investors have recently added to or reduced their stakes in the company. 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 valued at $68,004,000 after acquiring an additional 4,226 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Boot Barn by 56.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company's stock worth $23,638,000 after buying an additional 51,032 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Boot Barn by 18,573.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 14,939 shares of the company's stock valued at $2,268,000 after buying an additional 14,859 shares during the period. Tilia Fiduciary Partners Inc. increased its holdings in Boot Barn by 1.7% during the fourth 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. Finally, Miracle Mile Advisors LLC bought a new stake in Boot Barn in the fourth quarter worth about $322,000.

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.

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