Boot Barn (NYSE:BOOT) Earns Overweight Rating from Analysts at Stephens

Stephens assumed coverage on shares of Boot Barn (NYSE:BOOT - Free Report) in a research report sent to investors on Wednesday,Benzinga reports. The brokerage issued an overweight rating and a $100.00 price target on the stock.

A number of other research analysts also recently issued reports on the company. Robert W. Baird reduced their price target on Boot Barn from $190.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. StockNews.com downgraded Boot Barn from a "hold" rating to a "sell" rating in a report on Monday, February 17th. Bank of America lifted their price target on shares of Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. KeyCorp upgraded shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price objective for the company in a report on Thursday, January 23rd. Finally, UBS Group cut their target price on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boot Barn presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.62.

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Boot Barn Price Performance

Boot Barn stock traded down $1.85 during trading hours on Wednesday, reaching $95.87. The company had a trading volume of 471,695 shares, compared to its average volume of 801,951. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 1.17 and a beta of 1.75. Boot Barn has a 12-month low of $88.23 and a 12-month high of $176.64. The company has a 50-day moving average price of $114.94 and a 200 day moving average price of $138.52.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, research analysts expect that Boot Barn will post 5.82 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BOOT. Stifel Financial Corp increased its position in shares of Boot Barn by 5.9% during the third quarter. Stifel Financial Corp now owns 20,592 shares of the company's stock valued at $3,445,000 after acquiring an additional 1,141 shares in the last quarter. State Street Corp boosted its stake in Boot Barn by 4.4% during the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company's stock valued at $202,132,000 after purchasing an additional 51,356 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Boot Barn by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock worth $113,150,000 after purchasing an additional 6,369 shares in the last quarter. Coldstream Capital Management Inc. bought a new stake in shares of Boot Barn in the 3rd quarter worth $212,000. Finally, Franklin Resources Inc. raised its stake in shares of Boot Barn by 1.0% in the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company's stock worth $68,004,000 after purchasing an additional 4,226 shares during the last quarter.

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.