Robert W. Baird Boosts Boot Barn (NYSE:BOOT) Price Target to $100.00

Boot Barn (NYSE:BOOTFree Report) had its price objective hoisted by Robert W. Baird from $90.00 to $100.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also issued reports on the company. KeyCorp began coverage on Boot Barn in a research note on Wednesday, February 7th. They set a sector weight rating on the stock. B. Riley decreased their target price on Boot Barn from $92.00 to $83.00 and set a buy rating on the stock in a research note on Thursday, February 1st. BTIG Research increased their target price on Boot Barn from $100.00 to $127.00 and gave the stock a buy rating in a research note on Monday, April 29th. TD Cowen increased their target price on Boot Barn from $115.00 to $120.00 and gave the stock a buy rating in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. increased their target price on Boot Barn from $85.00 to $115.00 and gave the stock an overweight rating in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $109.55.

Get Our Latest Stock Analysis on BOOT

Boot Barn Trading Up 1.8 %

NYSE BOOT opened at $113.68 on Wednesday. The stock has a market cap of $3.46 billion, a PE ratio of 23.68 and a beta of 2.15. Boot Barn has a twelve month low of $64.33 and a twelve month high of $115.97. The stock has a fifty day simple moving average of $98.81 and a 200-day simple moving average of $85.32.

Insider Activity

In other news, CEO James Grant Conroy sold 19,478 shares of the stock in a transaction dated 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 transaction, 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 this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its stake in Boot Barn by 1,212.4% during the 1st quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock worth $27,134,000 after buying an additional 263,444 shares during the last quarter. Kennedy Capital Management LLC purchased a new position in Boot Barn during the 1st quarter worth approximately $230,000. Bayesian Capital Management LP grew its stake in Boot Barn by 208.4% during the 1st quarter. Bayesian Capital Management LP now owns 11,691 shares of the company’s stock worth $1,112,000 after buying an additional 7,900 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Boot Barn by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,722 shares of the company’s stock worth $1,782,000 after buying an additional 1,188 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in Boot Barn by 7,480.4% during the 1st quarter. Lazard Asset Management LLC now owns 94,148 shares of the company’s stock worth $8,958,000 after buying an additional 92,906 shares during the last quarter.

About Boot Barn

(Get Free Report)

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.

Read More

Analyst Recommendations for Boot Barn (NYSE:BOOT)

Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.