Boot Barn (NYSE:BOOT - Get Free Report) had its target price dropped by stock analysts at UBS Group from $210.00 to $200.00 in a report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price target points to a potential upside of 41.88% from the company's previous close.
BOOT has been the topic of several other reports. Benchmark reissued a "buy" rating and set a $192.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Citigroup decreased their price objective on Boot Barn from $194.00 to $178.00 and set a "buy" rating for the company in a research report on Tuesday, October 29th. Bank of America boosted their target price on Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Williams Trading reaffirmed a "buy" rating and set a $173.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Finally, Robert W. Baird raised shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price objective on the stock in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Boot Barn has an average rating of "Moderate Buy" and a consensus target price of $181.58.
View Our Latest Stock Analysis on Boot Barn
Boot Barn Stock Performance
Shares of NYSE:BOOT traded down $3.09 during trading hours on Monday, reaching $140.97. The stock had a trading volume of 783,359 shares, compared to its average volume of 978,709. Boot Barn has a 1 year low of $81.08 and a 1 year high of $176.64. The firm's 50 day moving average is $153.68 and its 200-day moving average is $147.12. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 1.45 and a beta of 2.10.
Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping 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%. Analysts forecast that Boot Barn will post 5.84 EPS for the current year.
Insider Transactions at Boot Barn
In other news, CEO John Hazen sold 6,311 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the sale, the chief executive officer now directly owns 3,937 shares of the company's stock, valued at $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.00% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of BOOT. GHP Investment Advisors Inc. acquired a new position in shares of Boot Barn in the third quarter valued at $25,000. Blue Trust Inc. grew its holdings in shares of Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock worth $26,000 after purchasing an additional 143 shares during the last quarter. Assetmark Inc. increased its position in Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock valued at $55,000 after acquiring an additional 113 shares in the last quarter. GAMMA Investing LLC raised its position in Boot Barn by 100.8% in the 3rd quarter. GAMMA Investing LLC now owns 534 shares of the company's stock worth $89,000 after purchasing an additional 268 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Boot Barn during the third quarter valued at $92,000.
About Boot Barn
(
Get Free Report)
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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