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

Boot Barn Holdings, Inc. (NYSE:BOOT) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $132.09.

A number of research firms have recently commented on BOOT. Robert W. Baird boosted their price objective on Boot Barn from $100.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. Craig Hallum boosted their price target on shares of Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. TD Cowen upped their price objective on shares of Boot Barn from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. BTIG Research lifted their target price on shares of Boot Barn from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Finally, Piper Sandler boosted their target price on shares of Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th.

Boot Barn Stock Performance

BOOT stock opened at $122.19 on Friday. The firm’s fifty day moving average is $124.25 and its 200 day moving average is $102.31. The firm has a market cap of $3.73 billion, a PE ratio of 25.46 and a beta of 2.09. Boot Barn has a one year low of $66.73 and a one year high of $134.61.

Boot Barn (NYSE:BOOT) last posted its earnings results on Tuesday, May 14th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. Boot Barn had a return on equity of 16.84% and a net margin of 8.82%. The firm had revenue of $388.46 million for the quarter, compared to analysts’ expectations of $383.67 million. Research analysts predict that Boot Barn will post 4.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Boot Barn

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

Hedge Funds Weigh In On Boot Barn

Several institutional investors and hedge funds have recently bought and sold shares of BOOT. First Horizon Advisors Inc. raised its position in shares of Boot Barn by 11.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock valued at $120,000 after buying an additional 94 shares during the period. Nisa Investment Advisors LLC raised its position in Boot Barn by 9.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company’s stock valued at $188,000 after purchasing an additional 126 shares during the period. Tilia Fiduciary Partners Inc. lifted its stake in shares of Boot Barn by 1.4% in the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 10,209 shares of the company’s stock valued at $1,316,000 after purchasing an additional 136 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 purchasing an additional 140 shares during the period. Finally, Natixis Advisors L.P. grew its holdings in shares of Boot Barn by 0.5% during the 4th quarter. Natixis Advisors L.P. now owns 32,608 shares of the company’s stock worth $2,502,000 after purchasing an additional 149 shares during the period.

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.