Boot Barn Holdings, Inc. (NYSE:BOOT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $171.58.

A number of research firms have weighed in on BOOT. Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective for the company in a research note on Wednesday, October 30th. BTIG Research increased their price target on Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Bank of America upped their price objective on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Craig Hallum downgraded Boot Barn from a “buy” rating to a “hold” rating and lifted their target price for the company from $154.00 to $162.00 in a research note on Friday, October 25th.

Boot Barn Stock Performance

NYSE BOOT opened at $153.54 on Friday. The business’s fifty day moving average is $146.34 and its 200 day moving average is $143.53. Boot Barn has a fifty-two week low of $69.35 and a fifty-two week high of $169.83. The company has a market capitalization of $4.69 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 1.59 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The firm had revenue of $425.80 million for the quarter, compared to analysts’ expectations of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. On average, sell-side analysts forecast that Boot Barn will post 5.48 EPS for the current year.

Insiders Place Their Bets

In other news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value 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 trade represents a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Boot Barn

Several large investors have recently modified their holdings of the stock. Trust Point Inc. boosted its stake in Boot Barn by 0.8% during the third quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock worth $1,524,000 after buying an additional 71 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Boot Barn by 3.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock worth $382,000 after purchasing an additional 82 shares during the period. Fisher Asset Management LLC grew its holdings in Boot Barn by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock valued at $701,000 after purchasing an additional 83 shares during the last quarter. Kings Path Partners LLC raised its position in Boot Barn by 2.7% in the 3rd quarter. Kings Path Partners LLC now owns 5,430 shares of the company’s stock worth $908,000 after purchasing an additional 142 shares during the period. Finally, GHP Investment Advisors Inc. purchased a new stake in Boot Barn in the 3rd quarter worth about $25,000.

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.