Boot Barn (NYSE:BOOT) PT Raised to $110.00

Boot Barn (NYSE:BOOT) had its target price boosted by stock analysts at Piper Sandler from $94.00 to $110.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target points to a potential upside of 12.07% from the stock’s previous close.

A number of other equities analysts have also recently commented on BOOT. StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a report on Friday, January 19th. KeyCorp assumed coverage on Boot Barn in a report on Wednesday, February 7th. They issued a “sector weight” rating for the company. Williams Trading restated a “hold” rating on shares of Boot Barn in a report on Tuesday, January 16th. B. Riley dropped their price objective on Boot Barn from $92.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Finally, UBS Group upgraded Boot Barn from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $75.00 to $108.00 in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $105.56.

Boot Barn Stock Performance

Shares of Boot Barn stock opened at $98.15 on Tuesday. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 18.28 and a beta of 2.19. The stock has a 50 day moving average price of $90.93 and a 200-day moving average price of $80.53. Boot Barn has a one year low of $64.33 and a one year high of $104.91.

Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, January 31st. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. The firm had revenue of $520.40 million during the quarter, compared to analysts’ expectations of $520.34 million. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. Sell-side analysts predict that Boot Barn will post 4.72 earnings per share for the current fiscal year.

Insider Activity at Boot Barn

In other Boot Barn news, Director Gene Eddie Burt sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $85.03, for a total transaction of $85,030.00. Following the sale, the director now owns 1,542 shares in the company, valued at approximately $131,116.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Laurie Marie Grijalva sold 5,861 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.31, for a total value of $529,306.91. Following the sale, the insider now owns 5,861 shares in the company, valued at $529,306.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gene Eddie Burt sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $85.03, for a total value of $85,030.00. Following the completion of the sale, the director now owns 1,542 shares in the company, valued at approximately $131,116.26. The disclosure for this sale can be found here. Insiders have sold 26,339 shares of company stock valued at $2,413,715 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Boot Barn

Large investors have recently bought and sold shares of the business. State of Wyoming raised its holdings in Boot Barn by 57.3% in the 2nd quarter. State of Wyoming now owns 552 shares of the company’s stock worth $47,000 after purchasing an additional 201 shares during the period. Headlands Technologies LLC raised its holdings in shares of Boot Barn by 1,037.7% during 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 during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Boot Barn during the first quarter valued at approximately $68,000. Principal Securities Inc. acquired a new position in shares of Boot Barn during the fourth quarter valued at approximately $102,000. Finally, Lazard Asset Management LLC raised its holdings in shares of Boot Barn by 75.3% during the fourth quarter. Lazard Asset Management LLC now owns 1,686 shares of the company’s stock valued at $105,000 after acquiring an additional 724 shares during the last quarter.

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.