Boot Barn (NYSE:BOOT) PT Raised to $115.00

Boot Barn (NYSE:BOOT) had its price target lifted by JPMorgan Chase & Co. from $85.00 to $115.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 7.48% from the company’s previous close.

A number of other equities analysts also recently issued reports on BOOT. BTIG Research increased their price objective on shares of Boot Barn from $100.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, April 29th. KeyCorp initiated coverage on Boot Barn in a research note on Wednesday, February 7th. They set a “sector weight” rating for the company. TD Cowen lifted their price objective on shares of Boot Barn from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Robert W. Baird increased their target price on shares of Boot Barn from $70.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Piper Sandler lifted their price target on shares of Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $109.70.

Boot Barn Price Performance

Shares of NYSE:BOOT traded up $3.40 on Thursday, hitting $107.00. 915,549 shares of the company’s stock were exchanged, compared to its average volume of 813,242. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 19.91 and a beta of 2.15. The business’s 50 day simple moving average is $96.31 and its two-hundred day simple moving average is $83.47. Boot Barn has a 12 month low of $64.33 and a 12 month high of $110.89.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, insider Laurie Marie Grijalva sold 5,861 shares of Boot Barn stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.31, for a total transaction of $529,306.91. Following the completion of the transaction, the insider now owns 5,861 shares in the company, valued at approximately $529,306.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Boot Barn news, insider Laurie Marie Grijalva sold 5,861 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $90.31, for a total transaction of $529,306.91. Following the completion of the transaction, the insider now directly owns 5,861 shares in the company, valued at $529,306.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Grant Conroy sold 19,478 shares of the 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 completion of the sale, the chief executive officer now owns 46,273 shares of the company’s stock, valued at $4,274,699.74. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC raised its stake in Boot Barn by 1,037.7% during 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 period. Principal Securities Inc. purchased a new stake in shares of Boot Barn during the 4th quarter valued at approximately $102,000. Quest Partners LLC purchased a new stake in Boot Barn in the fourth quarter valued at $112,000. Neo Ivy Capital Management acquired a new position in shares of Boot Barn in the 4th quarter valued at $165,000. Finally, Blair William & Co. IL acquired a new stake in shares of Boot Barn during the 1st quarter worth about $216,000.

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.