Brokerages Set Boot Barn Holdings, Inc. (NYSE:BOOT) PT at $123.36

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $123.36.

A number of equities analysts have commented on BOOT shares. Benchmark boosted their price objective on Boot Barn from $110.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Piper Sandler upped their price target on shares of Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Robert W. Baird raised their price objective on shares of Boot Barn from $100.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. JPMorgan Chase & Co. boosted their target price on shares of Boot Barn from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. Finally, Craig Hallum increased their price target on shares of Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th.

Insider Buying and Selling at Boot Barn

In other news, insider John Hazen sold 3,563 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $113.21, for a total value of $403,367.23. Following the transaction, the insider now directly owns 1,309 shares in the company, valued at approximately $148,191.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider John Hazen sold 3,563 shares of the stock in a transaction that occurred on 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 directly owns 1,309 shares in the company, valued at approximately $148,191.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael A. Love sold 5,653 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $113.61, for a total transaction of $642,237.33. Following the transaction, the insider now owns 2,327 shares of the company’s stock, valued at approximately $264,370.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,795 shares of company stock worth $1,329,686. Insiders own 2.20% of the company’s stock.

Institutional Trading of Boot Barn

Large investors have recently made changes to their positions in the company. Headlands Technologies LLC lifted its stake in Boot Barn by 1,037.7% in the fourth quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock valued at $60,000 after buying an additional 716 shares in the last quarter. Principal Securities Inc. bought a new stake in Boot Barn in the 4th quarter valued at $102,000. Quest Partners LLC bought a new stake in Boot Barn in the 4th quarter valued at $112,000. Neo Ivy Capital Management acquired a new position in Boot Barn in the 4th quarter worth $165,000. Finally, SG Americas Securities LLC bought a new position in Boot Barn during the 4th quarter worth about $199,000.

Boot Barn Stock Up 0.4 %

Shares of Boot Barn stock opened at $128.93 on Wednesday. The stock has a market capitalization of $3.92 billion, a P/E ratio of 26.86 and a beta of 2.16. Boot Barn has a 12-month low of $66.73 and a 12-month high of $134.61. The company has a 50-day simple moving average of $116.91 and a 200 day simple moving average of $96.10.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. The company had revenue of $388.46 million during the quarter, compared to analyst estimates of $383.67 million. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. On average, equities analysts anticipate that Boot Barn will post 4.82 earnings per share for the current year.

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.