Boot Barn (NYSE:BOOT) Price Target Raised to $120.00

Boot Barn (NYSE:BOOT) had its price objective lifted by TD Cowen from $115.00 to $120.00 in a report released on Monday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also commented on BOOT. B. Riley reduced their price target on Boot Barn from $92.00 to $83.00 and set a buy rating on the stock in a research report on Thursday, February 1st. Williams Trading restated a hold rating on shares of Boot Barn in a research report on Tuesday, January 16th. UBS Group upgraded Boot Barn from a neutral rating to a buy rating and upped their target price for the company from $75.00 to $108.00 in a research report on Friday, January 5th. Robert W. Baird upped their target price 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, Piper Sandler upped their target price on Boot Barn from $94.00 to $110.00 and gave the company an overweight rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $109.11.

Boot Barn Stock Down 4.2 %

Shares of BOOT stock opened at $102.05 on Monday. The firm has a market capitalization of $3.09 billion, a P/E ratio of 19.49 and a beta of 2.19. Boot Barn has a twelve month low of $64.33 and a twelve month high of $110.89. The stock’s fifty day simple moving average is $94.59 and its 200 day simple moving average is $82.42.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, January 31st. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. The firm had revenue of $520.40 million for the quarter, compared to analyst estimates of $520.34 million. As a group, equities research analysts expect that Boot Barn will post 4.73 EPS for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Boot Barn

Institutional investors have recently modified their holdings of the business. Headlands Technologies LLC grew its holdings in shares of 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 acquiring an additional 716 shares in the last quarter. Principal Securities Inc. bought a new position in Boot Barn during the fourth quarter valued at $102,000. Quest Partners LLC bought a new position in Boot Barn during the fourth quarter valued at $112,000. Neo Ivy Capital Management bought a new position in Boot Barn during the fourth quarter valued at $165,000. Finally, Park Avenue Securities LLC bought a new position in Boot Barn during the first quarter valued at $222,000.

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.