Boot Barn Holdings, Inc. (NYSE:BOOT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Boot Barn Holdings, Inc. (NYSE:BOOT) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $109.11.

A number of equities analysts recently commented on BOOT shares. BTIG Research lifted their price target on Boot Barn from $100.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. TD Cowen upped their price target on Boot Barn from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Williams Trading reaffirmed a “hold” rating on shares of Boot Barn in a report on Tuesday, January 16th. Piper Sandler increased their target price 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. Finally, KeyCorp assumed coverage on shares of Boot Barn in a report on Wednesday, February 7th. They issued a “sector weight” rating for the company.

Boot Barn Price Performance

Boot Barn stock opened at $104.75 on Tuesday. The firm’s fifty day moving average price is $95.79 and its 200 day moving average price is $83.14. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 19.51 and a beta of 2.15. 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 related news, Director Gene Eddie Burt sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $85.03, for a total value of $85,030.00. Following the sale, the director now directly owns 1,542 shares in the company, valued at approximately $131,116.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Gene Eddie Burt sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $85.03, for a total value of $85,030.00. Following the sale, the director now directly owns 1,542 shares in the company, valued at approximately $131,116.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Laurie Marie Grijalva sold 5,861 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $90.31, for a total value of $529,306.91. Following the completion of the sale, the insider now owns 5,861 shares in the company, valued at $529,306.91. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,339 shares of company stock worth $2,413,715. 2.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Boot Barn

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Boot Barn by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company’s stock worth $210,638,000 after acquiring an additional 35,925 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Boot Barn by 186.6% in the 4th quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock worth $197,527,000 after acquiring an additional 1,675,410 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Boot Barn by 43.8% in the 1st quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock worth $202,830,000 after acquiring an additional 649,021 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Boot Barn by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,086,810 shares of the company’s stock worth $83,425,000 after acquiring an additional 16,308 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Boot Barn by 35.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 700,007 shares of the company’s stock worth $53,733,000 after acquiring an additional 182,130 shares during the last quarter.

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.