Craig Hallum Cuts Boot Barn (NYSE:BOOT) Price Target to $145.00

Boot Barn (NYSE:BOOTGet Rating) had its price objective cut by Craig Hallum from $162.00 to $145.00 in a research report released on Wednesday, The Fly reports.

A number of other research firms also recently weighed in on BOOT. StockNews.com initiated coverage on Boot Barn in a research report on Thursday, March 31st. They set a hold rating for the company. Piper Sandler raised Boot Barn from a neutral rating to an overweight rating and upped their price target for the stock from $109.00 to $121.00 in a research report on Friday, May 6th. Seaport Res Ptn reiterated a neutral rating on shares of Boot Barn in a research note on Tuesday, January 18th. Zacks Investment Research cut Boot Barn from a buy rating to a hold rating in a research note on Tuesday, April 19th. Finally, Robert W. Baird dropped their price objective on Boot Barn from $145.00 to $130.00 in a research note on Friday, January 28th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $124.00.

NYSE:BOOT opened at $90.51 on Wednesday. Boot Barn has a twelve month low of $69.44 and a twelve month high of $134.50. The business has a 50 day moving average price of $93.95 and a two-hundred day moving average price of $102.83. The company has a market cap of $2.69 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.67 and a beta of 2.78.

Boot Barn (NYSE:BOOTGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15. Boot Barn had a return on equity of 36.19% and a net margin of 12.93%. The firm had revenue of $383.31 million during the quarter, compared to the consensus estimate of $354.02 million. During the same quarter in the prior year, the firm posted $0.75 EPS. The business’s revenue was up 48.1% on a year-over-year basis. As a group, research analysts forecast that Boot Barn will post 6.43 EPS for the current year.

In other Boot Barn news, insider John Hazen sold 11,254 shares of the stock in a transaction on Monday, March 21st. The stock was sold at an average price of $100.44, for a total transaction of $1,130,351.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James M. Watkins acquired 2,500 shares of the stock in a transaction on Thursday, February 24th. The shares were purchased at an average price of $77.00 per share, for a total transaction of $192,500.00. The disclosure for this purchase can be found here. 0.86% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in Boot Barn by 7,720.0% during the 1st quarter. Renaissance Technologies LLC now owns 156,400 shares of the company’s stock worth $14,825,000 after buying an additional 154,400 shares during the period. GM Advisory Group Inc. acquired a new stake in shares of Boot Barn during the 1st quarter worth $332,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Boot Barn by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 248,162 shares of the company’s stock worth $23,523,000 after purchasing an additional 4,393 shares in the last quarter. Renaissance Group LLC acquired a new stake in shares of Boot Barn during the 1st quarter worth $1,578,000. Finally, Federated Hermes Inc. grew its holdings in shares of Boot Barn by 1.9% during the 1st quarter. Federated Hermes Inc. now owns 156,956 shares of the company’s stock worth $14,878,000 after purchasing an additional 2,986 shares in the last quarter.

Boot Barn Company Profile (Get Rating)

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.

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