Boot Barn (NYSE:BOOT) Price Target Raised to $167.00 at Robert W. Baird

Boot Barn (NYSE:BOOT) had its price objective increased by Robert W. Baird from $140.00 to $167.00 in a research note published on Tuesday, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

BOOT has been the topic of several other reports. Piper Sandler lifted their price target on shares of Boot Barn from $144.00 to $147.00 and gave the company an overweight rating in a report on Thursday, August 8th. BTIG Research boosted their target price on shares of Boot Barn from $150.00 to $165.00 and gave the stock a buy rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. increased their price target on Boot Barn from $146.00 to $160.00 and gave the company an overweight rating in a research note on Tuesday, September 10th. Benchmark restated a buy rating and set a $140.00 price objective on shares of Boot Barn in a research report on Wednesday, September 11th. Finally, UBS Group increased 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. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Boot Barn has a consensus rating of Moderate Buy and an average target price of $143.80.

Boot Barn Price Performance

NYSE BOOT opened at $165.77 on Tuesday. The business has a fifty day moving average price of $143.50 and a two-hundred day moving average price of $123.48. The stock has a market capitalization of $5.04 billion, a PE ratio of 34.52 and a beta of 2.11. Boot Barn has a fifty-two week low of $66.73 and a fifty-two week high of $169.07.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.18. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The business had revenue of $423.40 million during the quarter, compared to the consensus estimate of $415.04 million. During the same period in the prior year, the company earned $1.11 EPS. Boot Barn’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, sell-side analysts expect that Boot Barn will post 5.31 earnings per share for the current year.

Institutional Trading of Boot Barn

Institutional investors have recently added to or reduced their stakes in the stock. Broad Bay Capital Management LP boosted its stake in shares of Boot Barn by 25.0% in the 4th quarter. Broad Bay Capital Management LP now owns 400,000 shares of the company’s stock valued at $30,704,000 after purchasing an additional 80,000 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in Boot Barn during the first quarter valued at $695,000. Sei Investments Co. boosted its position in Boot Barn by 52.5% during the first quarter. Sei Investments Co. now owns 73,884 shares of the company’s stock valued at $7,030,000 after acquiring an additional 25,434 shares during the last quarter. Capital Research Global Investors acquired a new stake in Boot Barn during the 1st quarter worth about $32,779,000. Finally, Southernsun Asset Management LLC raised its position in shares of Boot Barn by 4.5% in the 4th quarter. Southernsun Asset Management LLC now owns 495,399 shares of the company’s stock worth $38,027,000 after acquiring an additional 21,408 shares in the last quarter.

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.