KeyCorp Has Lowered Expectations for Boot Barn (NYSE:BOOT) Stock Price

Boot Barn (NYSE:BOOT) had its price objective cut by KeyCorp from $190.00 to $165.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on BOOT. StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Piper Sandler set a $162.00 price target on shares of Boot Barn in a research note on Friday, April 25th. Stephens began coverage on shares of Boot Barn in a report on Wednesday, April 9th. They issued an “overweight” rating and a $100.00 target price on the stock. UBS Group reduced their price target on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Bank of America boosted their price target on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.85.

Boot Barn Trading Up 3.4 %

Shares of BOOT stock opened at $107.88 on Tuesday. The firm’s fifty day moving average price is $104.39 and its two-hundred day moving average price is $132.51. Boot Barn has a 1 year low of $86.17 and a 1 year high of $176.64. The firm has a market capitalization of $3.30 billion, a P/E ratio of 19.26, a PEG ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT) last released its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts forecast that Boot Barn will post 5.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Boot Barn

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOOT. Blue Trust Inc. increased its position 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 purchasing an additional 143 shares during the period. Signaturefd LLC increased its holdings in 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 buying an additional 111 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Boot Barn in the 1st quarter valued at approximately $29,000. Golden State Wealth Management LLC lifted its holdings in shares of Boot Barn by 263.6% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company’s stock worth $30,000 after acquiring an additional 203 shares during the period. Finally, Versant Capital Management Inc increased 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 valued at $34,000 after acquiring an additional 215 shares during 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.