Boot Barn (NYSE:BOOT) Raised to "Buy" at Craig Hallum

Boot Barn (NYSE:BOOT - Get Free Report) was upgraded by analysts at Craig Hallum from a "hold" rating to a "buy" rating in a research report issued on Wednesday, Marketbeat reports. The brokerage currently has a $130.00 price objective on the stock. Craig Hallum's price target indicates a potential upside of 39.39% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. Piper Sandler reissued an "overweight" rating and issued a $181.00 price objective (up from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Bank of America raised their price target on Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. StockNews.com cut Boot Barn from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Finally, UBS Group cut their target price on Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boot Barn currently has an average rating of "Moderate Buy" and an average target price of $169.23.

Boot Barn Trading Up 4.6 %

Boot Barn stock opened at $93.27 on Wednesday. The firm has a market capitalization of $2.85 billion, a P/E ratio of 16.65, a P/E/G ratio of 1.17 and a beta of 1.75. The stock's fifty day simple moving average is $108.64 and its 200-day simple moving average is $135.12. Boot Barn has a twelve month low of $86.17 and a twelve month high of $176.64.

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, beating analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Sell-side analysts predict that Boot Barn will post 5.82 earnings per share for the current year.

Institutional Investors Weigh In On Boot Barn

Several large investors have recently modified their holdings of BOOT. Bank of Montreal Can increased its holdings in shares of Boot Barn by 1.4% in the 4th quarter. Bank of Montreal Can now owns 5,936 shares of the company's stock valued at $901,000 after acquiring an additional 82 shares during the period. Cetera Investment Advisers grew its holdings in shares of Boot Barn by 1.0% during the fourth quarter. Cetera Investment Advisers now owns 8,179 shares of the company's stock worth $1,242,000 after buying an additional 83 shares during the last quarter. Coldstream Capital Management Inc. increased its position in Boot Barn by 7.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,367 shares of the company's stock valued at $208,000 after acquiring an additional 97 shares during the period. Summit Investment Advisors Inc. raised its stake in Boot Barn by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,096 shares of the company's stock valued at $470,000 after acquiring an additional 98 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Boot Barn by 0.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company's stock worth $2,247,000 after acquiring an additional 100 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.

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