BTIG Research Increases Boot Barn (NYSE:BOOT) Price Target to $190.00

Boot Barn (NYSE:BOOT - Free Report) had its price target hoisted by BTIG Research from $185.00 to $190.00 in a report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently commented on BOOT. Benchmark reissued a "buy" rating and set a $192.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. Craig Hallum lowered Boot Barn from a "buy" rating to a "hold" rating and raised their price objective for the company from $154.00 to $162.00 in a report on Friday, October 25th. Williams Trading reaffirmed a "buy" rating and set a $173.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. Citigroup reduced their target price on shares of Boot Barn from $194.00 to $178.00 and set a "buy" rating for the company in a research report on Tuesday, October 29th. Finally, Bank of America started coverage on shares of Boot Barn in a research report on Tuesday, January 7th. They set a "buy" rating and a $187.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Boot Barn has a consensus rating of "Moderate Buy" and a consensus price target of $171.17.

Boot Barn Trading Down 0.5 %

BOOT traded down $0.79 during trading on Monday, hitting $155.35. The company's stock had a trading volume of 1,410,360 shares, compared to its average volume of 830,172. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 31.19 and a beta of 2.10. The business's fifty day simple moving average is $144.53 and its 200 day simple moving average is $143.06. Boot Barn has a twelve month low of $69.35 and a twelve month high of $169.83.

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

Insider Activity

In other Boot Barn 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 sale, the chief executive officer now owns 3,937 shares of the company's stock, valued at $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Boot Barn

Hedge funds have recently bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new position in shares of Boot Barn in the third quarter worth $25,000. Canada Pension Plan Investment Board acquired a new position in Boot Barn during the 2nd quarter worth $64,000. GAMMA Investing LLC increased its holdings in Boot Barn by 100.8% during the 3rd quarter. GAMMA Investing LLC now owns 534 shares of the company's stock worth $89,000 after purchasing an additional 268 shares during the period. USA Financial Formulas acquired a new stake in Boot Barn in the 3rd quarter valued at about $92,000. Finally, KBC Group NV boosted its stake in shares of Boot Barn by 23.3% in the 3rd quarter. KBC Group NV now owns 951 shares of the company's stock valued at $159,000 after buying an additional 180 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.