JPMorgan Chase & Co. Boosts Boot Barn (NYSE:BOOT) Price Target to $125.00

Boot Barn (NYSE:BOOT) had its target price raised by JPMorgan Chase & Co. from $115.00 to $125.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

BOOT has been the subject of a number of other reports. B. Riley dropped their price objective on shares of Boot Barn from $92.00 to $83.00 and set a buy rating for the company in a research note on Thursday, February 1st. Craig Hallum raised their price objective on Boot Barn from $95.00 to $120.00 and gave the company a buy rating in a research note on Wednesday, May 15th. Benchmark boosted their target price on Boot Barn from $88.00 to $110.00 and gave the company a buy rating in a research report on Wednesday, May 15th. BTIG Research lowered their price target on Boot Barn from $127.00 to $125.00 and set a buy rating for the company in a research report on Wednesday, May 15th. Finally, Piper Sandler boosted their price objective on shares of Boot Barn from $94.00 to $110.00 and gave the company an overweight rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $110.45.

Boot Barn Price Performance

NYSE:BOOT opened at $113.25 on Tuesday. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 23.59 and a beta of 2.15. Boot Barn has a 1 year low of $64.85 and a 1 year high of $115.97. The stock’s 50 day simple moving average is $101.40 and its two-hundred day simple moving average is $86.64.

Insider Buying and Selling

In other Boot Barn news, CEO James Grant Conroy sold 19,478 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the transaction, the chief executive officer now owns 46,273 shares of the company’s stock, valued at approximately $4,274,699.74. 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 transaction of $1,799,377.64. Following the sale, the chief executive officer now owns 46,273 shares of the company’s stock, valued at approximately $4,274,699.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael A. Love sold 5,653 shares of Boot Barn stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $113.61, for a total value of $642,237.33. Following the completion of the transaction, the insider now owns 2,327 shares in the company, valued at $264,370.47. The disclosure for this sale can be found here. Insiders sold a total of 31,273 shares of company stock valued at $3,129,064 over the last three months. 2.20% of the stock is owned by company insiders.

Institutional Trading of Boot Barn

Institutional investors have recently modified their holdings of the company. Headlands Technologies LLC grew its holdings in Boot Barn by 1,037.7% in the fourth quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock worth $60,000 after purchasing an additional 716 shares during the last quarter. Principal Securities Inc. acquired a new position in Boot Barn during the 4th quarter valued at about $102,000. Quest Partners LLC purchased a new stake in Boot Barn in the fourth quarter valued at about $112,000. Neo Ivy Capital Management acquired a new stake in Boot Barn in the fourth quarter worth about $165,000. Finally, SG Americas Securities LLC acquired a new position in shares of Boot Barn during the fourth quarter valued at about $199,000.

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.