JPMorgan Chase & Co. Raises Boot Barn (NYSE:BOOT) Price Target to $209.00

Boot Barn (NYSE:BOOT) had its price target raised by investment analysts at JPMorgan Chase & Co. from $200.00 to $209.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 25.39% from the stock’s current price.

Several other research firms also recently commented on BOOT. Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price on the stock in a research report on Wednesday, October 30th. Bank of America raised their target price on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. KeyCorp upgraded Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Thursday, January 23rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a report on Friday. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $174.77.

Boot Barn Trading Down 4.5 %

Boot Barn stock traded down $7.84 during midday trading on Friday, hitting $166.68. The stock had a trading volume of 1,370,004 shares, compared to its average volume of 858,365. Boot Barn has a 12 month low of $71.54 and a 12 month high of $176.64. The stock has a market cap of $5.09 billion, a P/E ratio of 33.57, a P/E/G ratio of 1.57 and a beta of 2.10. The business has a fifty day moving average price of $152.95 and a 200 day moving average price of $146.29.

Boot Barn (NYSE:BOOT) 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 8.73% and a return on equity of 15.89%. On average, equities analysts anticipate that Boot Barn will post 5.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were 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 owns 3,937 shares in the company, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Boot Barn

Several institutional investors and hedge funds have recently made changes to their positions in BOOT. State Street Corp lifted its position in shares of 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 buying an additional 51,356 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Boot Barn by 1.0% in the third 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 during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Boot Barn by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock valued at $82,895,000 after buying an additional 1,834 shares in the last quarter. Franklin Resources Inc. lifted its stake in Boot Barn by 1.0% during 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. Finally, Charles Schwab Investment Management Inc. lifted its position in Boot Barn by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company’s stock worth $58,999,000 after buying an additional 6,335 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.