Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $164.55 Consensus Price Target from Brokerages

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $164.55.

BOOT has been the subject of several recent analyst reports. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Williams Trading reiterated a “buy” rating and set a $173.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Citigroup reduced their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. UBS Group upped their price target on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Craig Hallum cut Boot Barn from a “buy” rating to a “hold” rating and raised their price objective for the company from $154.00 to $162.00 in a research note on Friday, October 25th.

Institutional Investors Weigh In On Boot Barn

Large investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its position in Boot Barn by 5.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 9,001 shares of the company’s stock worth $856,000 after buying an additional 500 shares during the last quarter. Blair William & Co. IL bought a new stake in Boot Barn in the 1st quarter valued at about $216,000. UniSuper Management Pty Ltd purchased a new stake in Boot Barn during the first quarter valued at about $695,000. CANADA LIFE ASSURANCE Co boosted its position in Boot Barn by 2.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 32,001 shares of the company’s stock worth $3,045,000 after purchasing an additional 788 shares during the period. Finally, Capital Research Global Investors purchased a new position in shares of Boot Barn in the first quarter worth about $32,779,000.

Boot Barn Trading Up 0.8 %

NYSE BOOT opened at $137.38 on Friday. The firm has a market capitalization of $4.19 billion, a PE ratio of 27.59 and a beta of 2.16. The business’s 50-day moving average price is $149.78 and its two-hundred day moving average price is $136.47. Boot Barn has a 12 month low of $68.37 and a 12 month high of $169.83.

Boot Barn (NYSE:BOOT) last released its 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 for the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. Boot Barn’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. As a group, analysts forecast that Boot Barn will post 5.48 earnings per share for the current fiscal year.

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.