Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $123.36 Consensus Target Price from Analysts

Boot Barn Holdings, Inc. (NYSE:BOOT) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $123.36.

BOOT has been the topic of several recent analyst reports. Robert W. Baird boosted their price target on Boot Barn from $100.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. Benchmark boosted their price target on Boot Barn from $110.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, June 10th. TD Cowen upped their target price on Boot Barn from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. JPMorgan Chase & Co. upped their target price on Boot Barn from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. Finally, BTIG Research upped their target price on Boot Barn from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th.

Boot Barn Trading Up 0.9 %

NYSE:BOOT opened at $131.28 on Wednesday. The stock has a market cap of $3.99 billion, a P/E ratio of 27.35 and a beta of 2.09. The stock’s 50-day moving average is $117.94 and its 200-day moving average is $96.83. Boot Barn has a 1-year low of $66.73 and a 1-year high of $134.61.

Boot Barn (NYSE:BOOT) last announced its earnings results on Tuesday, May 14th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. Boot Barn had a return on equity of 16.84% and a net margin of 8.82%. The business had revenue of $388.46 million for the quarter, compared to analysts’ expectations of $383.67 million. As a group, equities analysts forecast that Boot Barn will post 4.82 EPS for the current year.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, insider Michael A. Love sold 5,653 shares of Boot Barn stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $113.61, for a total transaction of $642,237.33. Following the completion of the transaction, the insider now owns 2,327 shares of the company’s stock, valued at approximately $264,370.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Boot Barn news, insider Michael A. Love sold 5,653 shares of Boot Barn stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $113.61, for a total transaction of $642,237.33. Following the completion of the transaction, the insider now owns 2,327 shares of the company’s stock, valued at approximately $264,370.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Hazen sold 3,563 shares of Boot Barn stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $113.21, for a total value of $403,367.23. Following the sale, the insider now owns 1,309 shares of the company’s stock, valued at approximately $148,191.89. The disclosure for this sale can be found here. Insiders sold 11,795 shares of company stock valued at $1,329,686 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Boot Barn

A number of large investors have recently modified their holdings of BOOT. GAMMA Investing LLC boosted its position in shares of Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after acquiring an additional 140 shares during the last quarter. Headlands Technologies LLC lifted its position in Boot Barn by 1,037.7% in the 4th quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock worth $60,000 after buying an additional 716 shares during the last quarter. Principal Securities Inc. bought a new stake in Boot Barn in the 4th quarter worth approximately $102,000. Quest Partners LLC bought a new stake in Boot Barn in the 4th quarter worth approximately $112,000. Finally, Neo Ivy Capital Management bought a new stake in Boot Barn in the 4th quarter worth approximately $165,000.

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.