Boot Barn (NYSE:BOOT) Hits New 52-Week High at $109.18

Boot Barn Holdings, Inc. (NYSE:BOOT) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $109.18 and last traded at $108.73, with a volume of 109470 shares. The stock had previously closed at $103.18.

Analyst Ratings Changes

BOOT has been the subject of several analyst reports. BTIG Research cut their price objective on shares of Boot Barn from $102.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Robert W. Baird raised their price objective on shares of Boot Barn from $70.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. B. Riley cut their price objective on shares of Boot Barn from $92.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 1st. KeyCorp initiated coverage on shares of Boot Barn in a report on Wednesday, February 7th. They issued a “sector weight” rating for the company. Finally, StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a report on Friday, January 19th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.56.

Boot Barn Stock Up 3.8 %

The firm has a market capitalization of $3.24 billion, a PE ratio of 19.22 and a beta of 2.19. The firm’s fifty day simple moving average is $92.47 and its 200-day simple moving average is $81.27.

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

Insider Activity

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 shares were sold at an average price of $85.03, for a total transaction of $85,030.00. Following the sale, the director now directly owns 1,542 shares in the company, valued at $131,116.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Laurie Marie Grijalva sold 5,861 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $90.31, for a total transaction of $529,306.91. Following the sale, the insider now owns 5,861 shares of the company’s stock, valued at $529,306.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gene Eddie Burt sold 1,000 shares of the company’s stock in a transaction that occurred 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 directly owns 1,542 shares in the company, valued at $131,116.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,339 shares of company stock valued at $2,413,715. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Boot Barn

Several institutional investors have recently modified their holdings of BOOT. Headlands Technologies LLC increased its position in Boot Barn by 1,037.7% in the 4th 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 stake in Boot Barn during the 4th quarter valued at $102,000. Quest Partners LLC acquired a new stake in shares of Boot Barn in the 4th quarter valued at $112,000. Neo Ivy Capital Management acquired a new stake in shares of Boot Barn during the fourth quarter worth $165,000. Finally, Allworth Financial LP grew its stake in shares of Boot Barn by 61,325.0% during the third quarter. Allworth Financial LP now owns 2,457 shares of the company’s stock worth $199,000 after purchasing an additional 2,453 shares during the period.

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.