Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $175.62 Consensus PT from Brokerages

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $169.23.

BOOT has been the subject of several recent research reports. Bank of America increased their target price on shares of Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. BTIG Research boosted their target price on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Piper Sandler restated an “overweight” rating and issued a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a report on Friday, January 31st. StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Finally, UBS Group dropped their price target on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, February 3rd.

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $102.17 on Tuesday. The firm has a market capitalization of $3.13 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75. Boot Barn has a fifty-two week low of $86.17 and a fifty-two week high of $176.64. The stock’s 50-day simple moving average is $107.13 and its 200-day simple moving average is $134.45.

Boot Barn (NYSE:BOOT) last posted its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. On average, sell-side analysts forecast that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boot Barn

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Boot Barn by 201.8% in the 4th quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after acquiring an additional 111 shares during the period. Blue Trust Inc. lifted its stake in shares of Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after acquiring an additional 143 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Boot Barn during the 1st quarter valued at approximately $29,000. Golden State Wealth Management LLC boosted its stake in Boot Barn by 263.6% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company’s stock valued at $30,000 after acquiring an additional 203 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in Boot Barn by 210.8% in the first quarter. Versant Capital Management Inc now owns 317 shares of the company’s stock worth $34,000 after purchasing an additional 215 shares in the last quarter.

About Boot Barn

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.