Boot Barn (NYSE:BOOT) PT Raised to $181.00

Boot Barn (NYSE:BOOT - Free Report) had its target price raised by JPMorgan Chase & Co. from $160.00 to $181.00 in a research report report published on Tuesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird boosted their target price on Boot Barn from $140.00 to $167.00 and gave the company a "neutral" rating in a research note on Tuesday, October 1st. BTIG Research boosted their price objective on shares of Boot Barn from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday. Benchmark raised their target price on shares of Boot Barn from $140.00 to $192.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. UBS Group boosted their price target on shares of Boot Barn from $127.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. Finally, Williams Trading restated a "buy" rating and set a $173.00 price objective on shares of Boot Barn in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $164.55.

Boot Barn Price Performance

Shares of Boot Barn stock traded down $31.84 on Tuesday, hitting $129.38. The company had a trading volume of 4,701,152 shares, compared to its average volume of 759,672. Boot Barn has a twelve month low of $66.73 and a twelve month high of $169.83. The stock has a 50-day moving average of $154.55 and a 200-day moving average of $132.38. The firm has a market capitalization of $3.93 billion, a P/E ratio of 26.95 and a beta of 2.12.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.02. The firm had revenue of $425.80 million during the quarter, compared to analysts' expectations of $424.42 million. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The company's revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Equities analysts predict that Boot Barn will post 5.29 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. GHP Investment Advisors Inc. bought a new stake in shares of Boot Barn during the 3rd quarter worth about $25,000. GAMMA Investing LLC boosted its holdings in shares of Boot Barn by 111.1% during the second quarter. GAMMA Investing LLC now owns 266 shares of the company's stock worth $34,000 after acquiring an additional 140 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Boot Barn during the second quarter worth approximately $64,000. 1620 Investment Advisors Inc. acquired a new position in shares of Boot Barn in the second quarter valued at approximately $84,000. Finally, USA Financial Formulas acquired a new stake in Boot Barn during the 3rd quarter worth approximately $92,000.

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.