Boot Barn (NYSE:BOOT) Price Target Raised to $185.00 at BTIG Research

Boot Barn (NYSE:BOOT) had its price objective boosted by BTIG Research from $165.00 to $185.00 in a report issued on Tuesday morning, Marketbeat.com reports. BTIG Research currently has a buy rating on the stock.

Several other research firms have also issued reports on BOOT. Piper Sandler upped their price target on shares of Boot Barn from $147.00 to $179.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. increased their target price on Boot Barn from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Craig Hallum cut Boot Barn from a “buy” rating to a “hold” rating and lifted their price target for the stock from $154.00 to $162.00 in a research note on Friday, October 25th. Benchmark increased their price objective on Boot Barn from $140.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Citigroup lifted their target price on shares of Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and a consensus target price of $164.55.

Boot Barn Trading Up 0.7 %

Shares of Boot Barn stock opened at $125.47 on Tuesday. The firm has a market capitalization of $3.83 billion, a PE ratio of 25.19 and a beta of 2.12. Boot Barn has a 12 month low of $67.53 and a 12 month high of $169.83. The business’s 50-day moving average price is $153.67 and its 200-day moving average price is $132.48.

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

Institutional Investors Weigh In On Boot Barn

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trust Point Inc. boosted its holdings in shares of Boot Barn by 0.8% during the 3rd quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock valued at $1,524,000 after buying an additional 71 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Boot Barn by 11.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock worth $120,000 after purchasing an additional 94 shares in the last quarter. Shaker Investments LLC OH grew its position in Boot Barn by 1.6% during the 2nd quarter. Shaker Investments LLC OH now owns 6,452 shares of the company’s stock valued at $832,000 after purchasing an additional 102 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Boot Barn by 9.4% during the 2nd 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 in the last quarter. Finally, Tilia Fiduciary Partners Inc. raised its holdings in Boot Barn by 1.4% in the second quarter. Tilia Fiduciary Partners Inc. now owns 10,209 shares of the company’s stock worth $1,316,000 after buying an additional 136 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.