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

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned an average rating of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $105.56.

BOOT has been the topic of several recent analyst reports. UBS Group raised Boot Barn from a “neutral” rating to a “buy” rating and upped their price target for the company from $75.00 to $108.00 in a research report on Friday, January 5th. Piper Sandler upped their target price on Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday. BTIG Research dropped their target price on Boot Barn from $102.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. B. Riley dropped their target price 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. Finally, StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a research report on Friday, January 19th.

Insider Activity at Boot Barn

In related news, Director Gene Eddie Burt sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $85.03, for a total transaction of $85,030.00. Following the completion of the sale, the director now directly owns 1,542 shares of the company’s stock, valued at approximately $131,116.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Boot Barn news, CEO James Grant Conroy sold 19,478 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 46,273 shares in the company, valued at approximately $4,274,699.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gene Eddie Burt sold 1,000 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $85.03, for a total value of $85,030.00. Following the completion of the transaction, the director now owns 1,542 shares in the company, valued at $131,116.26. The disclosure for this sale can be found here. Insiders sold a total of 26,339 shares of company stock worth $2,413,715 in the last 90 days. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Boot Barn by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company’s stock valued at $210,638,000 after buying an additional 35,925 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Boot Barn by 186.6% in the 4th quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock worth $197,527,000 after purchasing an additional 1,675,410 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of Boot Barn by 43.8% in the 1st quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock worth $202,830,000 after purchasing an additional 649,021 shares during the last quarter. State Street Corp boosted its position in shares of Boot Barn by 3.1% in the 2nd quarter. State Street Corp now owns 1,128,031 shares of the company’s stock worth $95,533,000 after purchasing an additional 33,688 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Boot Barn by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,086,810 shares of the company’s stock worth $83,425,000 after purchasing an additional 16,308 shares during the last quarter.

Boot Barn Trading Down 2.4 %

NYSE:BOOT opened at $98.60 on Friday. The firm 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. The business’s fifty day moving average price is $91.94 and its 200 day moving average price is $80.94.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.01. The firm had revenue of $520.40 million for the quarter, compared to analyst estimates of $520.34 million. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. Equities analysts forecast that Boot Barn will post 4.72 earnings per share for the current 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.