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

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $105.56.

BOOT has been the subject of several research analyst reports. Piper Sandler increased their price objective on Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday. Williams Trading restated a “hold” rating on shares of Boot Barn in a research report on Tuesday, January 16th. B. Riley dropped their price target on Boot Barn from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Robert W. Baird raised their price target on Boot Barn from $70.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a research report on Friday, January 19th.

Boot Barn Stock Performance

NYSE:BOOT opened at $98.60 on Friday. The stock has a fifty day moving average price of $91.94 and a two-hundred day moving average price of $80.94. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 18.36 and a beta of 2.19. Boot Barn has a 1 year low of $64.33 and a 1 year high of $104.91.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.01. The firm had revenue of $520.40 million during the quarter, compared to analysts’ expectations of $520.34 million. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. On average, analysts predict that Boot Barn will post 4.72 EPS for the current year.

Insider Buying and Selling

In related news, CEO James Grant Conroy sold 19,478 shares of Boot Barn stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the completion of the sale, the chief executive officer now owns 46,273 shares in the company, valued at approximately $4,274,699.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO James Grant Conroy sold 19,478 shares of Boot Barn stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the completion of the sale, the chief executive officer now owns 46,273 shares in the company, valued at approximately $4,274,699.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Laurie Marie Grijalva sold 5,861 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.31, for a total value of $529,306.91. Following the completion of the sale, the insider now directly owns 5,861 shares in the company, valued at $529,306.91. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,339 shares of company stock worth $2,413,715. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Boot Barn

A number of hedge funds have recently added to or reduced their stakes in the business. Creative Planning boosted its stake in Boot Barn by 4.3% in the 4th quarter. Creative Planning now owns 3,091 shares of the company’s stock worth $237,000 after buying an additional 127 shares during the last quarter. Arizona State Retirement System boosted its stake in Boot Barn by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 8,516 shares of the company’s stock worth $691,000 after buying an additional 142 shares during the last quarter. Natixis Advisors L.P. boosted its stake in Boot Barn by 0.5% in the 4th quarter. Natixis Advisors L.P. now owns 32,608 shares of the company’s stock worth $2,502,000 after buying an additional 149 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Boot Barn by 3.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 4,637 shares of the company’s stock valued at $356,000 after purchasing an additional 153 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Boot Barn by 3.7% in the 1st quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $425,000 after purchasing an additional 161 shares in 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.