JPMorgan Chase & Co. Issues Positive Forecast for Boot Barn (NYSE:BOOT) Stock Price

Boot Barn (NYSE:BOOT) had its price objective hoisted by JPMorgan Chase & Co. from $160.00 to $181.00 in a report issued on Tuesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on BOOT. Williams Trading reissued a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a report on Tuesday. Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and increased their target price for the stock from $154.00 to $162.00 in a research note on Friday, October 25th. Robert W. Baird boosted their price target on Boot Barn from $140.00 to $167.00 and gave the company a “neutral” rating in a research note on Tuesday, October 1st. Citigroup increased their price objective on Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Benchmark boosted their target price on shares of Boot Barn from $140.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and an average price target of $164.55.

Boot Barn Stock Up 0.7 %

BOOT opened at $125.47 on Tuesday. Boot Barn has a 12-month low of $67.53 and a 12-month high of $169.83. The business has a 50 day moving average of $153.67 and a 200-day moving average of $132.48. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 25.19 and a beta of 2.12.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.02. The business had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. As a group, analysts expect that Boot Barn will post 5.48 earnings per share for the current year.

Institutional Trading of Boot Barn

Several large investors have recently made changes to their positions in BOOT. GHP Investment Advisors Inc. bought a new stake in Boot Barn during the third quarter worth $25,000. GAMMA Investing LLC lifted 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 worth $34,000 after buying an additional 140 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Boot Barn in the second quarter valued at about $64,000. USA Financial Formulas bought a new position in Boot Barn in the third quarter valued at about $92,000. Finally, 1620 Investment Advisors Inc. acquired a new position in Boot Barn during the second quarter worth about $84,000.

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.