Boot Barn (NYSE:BOOT) Price Target Raised to $192.00 at Bank of America

Boot Barn (NYSE:BOOT - Get Free Report) had its price objective lifted by equities research analysts at Bank of America from $187.00 to $192.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Bank of America's price target indicates a potential upside of 26.66% from the stock's current price.

Other equities analysts have also issued reports about the company. UBS Group raised Boot Barn from a "neutral" rating to a "buy" rating and upped their target price for the company from $155.00 to $210.00 in a report on Friday, January 10th. Piper Sandler restated an "overweight" rating and issued a $179.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. BTIG Research increased their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Monday. Craig Hallum lowered shares of Boot Barn from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. Finally, 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued 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 target price of $171.58.

Boot Barn Stock Up 1.0 %

NYSE BOOT traded up $1.51 on Wednesday, reaching $151.59. The company had a trading volume of 595,031 shares, compared to its average volume of 845,706. The company's fifty day moving average is $145.48 and its 200 day moving average is $143.41. Boot Barn has a 52-week low of $69.35 and a 52-week high of $169.83. The stock has a market capitalization of $4.63 billion, a P/E ratio of 30.44 and a beta of 2.10.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The company had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The firm's revenue for the quarter was up 13.7% on a year-over-year basis. On average, research analysts expect that Boot Barn will post 5.48 EPS for the current year.

Insider Buying and Selling at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the sale, the chief executive officer now directly owns 3,937 shares in the company, valued at $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.00% of the company's stock.

Institutional Trading of Boot Barn

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in shares of Boot Barn in the 2nd quarter valued at $19,532,000. State Street Corp grew its stake in shares of Boot Barn by 4.4% in the third quarter. State Street Corp now owns 1,208,345 shares of the company's stock worth $202,132,000 after purchasing an additional 51,356 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Boot Barn by 56.5% during the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company's stock valued at $23,638,000 after buying an additional 51,032 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Boot Barn during the 3rd quarter valued at $5,931,000. Finally, Sei Investments Co. increased its position in shares of Boot Barn by 39.3% during the second quarter. Sei Investments Co. now owns 102,933 shares of the company's stock valued at $13,271,000 after buying an additional 29,049 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.