Boot Barn (NYSE:BOOT) Stock Keeps Buy Rating at BTIG Research

Boot Barn (NYSE:BOOT)‘s stock had its “buy” rating reiterated by equities research analysts at BTIG Research in a report released on Monday, Benzinga reports. They currently have a $195.00 target price on the stock. BTIG Research‘s target price would indicate a potential upside of 48.90% from the company’s current price.

A number of other brokerages also recently issued reports on BOOT. Weiss Ratings upgraded Boot Barn from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. TD Cowen cut their price objective on shares of Boot Barn from $160.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Jefferies Financial Group reissued a “buy” rating and issued a $175.00 target price on shares of Boot Barn in a research note on Friday, October 30th. Stephens raised their target price on shares of Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Finally, Robert W. Baird lowered their target price on shares of Boot Barn from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, October 29th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and an average price target of $183.92.

Boot Barn Price Performance

NYSE:BOOT opened at $130.96 on Monday. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.00 and a beta of 1.72. Boot Barn has a 1 year low of $110.53 and a 1 year high of $210.25. The business has a 50 day simple moving average of $128.83 and a 200-day simple moving average of $156.99.

Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, October 28th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.10. The firm had revenue of $581.81 million during the quarter, compared to analysts’ expectations of $580.80 million. Boot Barn had a return on equity of 18.82% and a net margin of 10.45%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 EPS. As a group, analysts expect that Boot Barn will post 8.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boot Barn

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Boot Barn in the second quarter worth $840,629,000. Bank of America Corp DE boosted its stake in shares of Boot Barn by 114.6% during the first quarter. Bank of America Corp DE now owns 655,374 shares of the company’s stock valued at $95,921,000 after purchasing an additional 349,985 shares during the period. Jupiter Topco LLC bought a new position in shares of Boot Barn in the second quarter worth about $34,389,000. Bank of New York Mellon Corp bought a new position in Boot Barn in the 2nd quarter worth about $31,290,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Boot Barn by 36.5% in the first quarter. Principal Financial Group Inc. now owns 536,520 shares of the company’s stock valued at $78,525,000 after purchasing an additional 143,422 shares during the period.

Boot Barn Company Profile