Boot Barn (NYSE:BOOT) Sets New 1-Year High at $142.74

Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $142.74 and last traded at $140.82, with a volume of 86758 shares changing hands. The stock had previously closed at $138.80.

Wall Street Analysts Forecast Growth

BOOT has been the subject of several research analyst reports. Craig Hallum raised their price target on Boot Barn from $120.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, June 5th. UBS Group lifted their target price on Boot Barn from $125.00 to $127.00 and gave the company a "neutral" rating in a research report on Thursday, August 8th. TD Cowen boosted their price target on shares of Boot Barn from $120.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, June 5th. Citigroup raised their price objective on shares of Boot Barn from $122.00 to $154.00 and gave the company a "buy" rating in a research note on Friday, July 19th. Finally, Robert W. Baird lifted their price objective on shares of Boot Barn from $132.00 to $140.00 and gave the company a "neutral" rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $138.20.

Boot Barn Stock Performance

The stock's 50-day simple moving average is $128.58 and its 200 day simple moving average is $110.27. The company has a market capitalization of $4.33 billion, a PE ratio of 28.90 and a beta of 2.09.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.18. The business had revenue of $423.40 million for the quarter, compared to the consensus estimate of $415.04 million. Boot Barn had a return on equity of 16.84% and a net margin of 8.82%. The business's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 EPS. On average, analysts expect that Boot Barn Holdings, Inc. will post 5.03 earnings per share for the current year.

Hedge Funds Weigh In On Boot Barn

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its position in Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company's stock worth $34,000 after purchasing an additional 140 shares during the period. Headlands Technologies LLC raised its position in Boot Barn by 1,037.7% in the fourth quarter. Headlands Technologies LLC now owns 785 shares of the company's stock worth $60,000 after acquiring an additional 716 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Boot Barn in the second quarter worth $64,000. 1620 Investment Advisors Inc. acquired a new stake in Boot Barn in the second quarter valued at $84,000. Finally, Principal Securities Inc. purchased a new stake in shares of Boot Barn during the 4th quarter worth $102,000.

About Boot Barn

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.