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

Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) has been given a consensus rating of "Buy" by the fourteen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $169.23.

BOOT has been the topic of several recent analyst reports. KeyCorp raised shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price objective on the stock in a research note on Thursday, January 23rd. Piper Sandler reissued 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. Craig Hallum raised Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 price objective on the stock in a research note on Wednesday. BTIG Research lifted their target price on Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Finally, Robert W. Baird lowered their price target on Boot Barn from $133.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday.

Boot Barn Trading Up 0.4 %

Shares of BOOT traded up $0.45 on Tuesday, reaching $102.63. 819,883 shares of the company's stock were exchanged, compared to its average volume of 815,775. Boot Barn has a 12 month low of $86.17 and a 12 month high of $176.64. The stock has a market capitalization of $3.14 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75. The business has a 50 day moving average price of $106.43 and a two-hundred day moving average price of $134.04.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Equities research analysts predict that Boot Barn will post 5.82 EPS for the current year.

Institutional Inflows and Outflows

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

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.