Boot Barn (NYSE:BOOT) Price Target Cut to $165.00 by Analysts at KeyCorp

Boot Barn (NYSE:BOOT - Free Report) had its target price lowered by KeyCorp from $190.00 to $165.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also issued research reports about the company. Craig Hallum raised Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 target price on the stock in a research report on Wednesday, April 23rd. Piper Sandler set a $162.00 price objective on Boot Barn in a report on Friday, April 25th. Robert W. Baird lowered their target price on Boot Barn from $133.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. BTIG Research boosted their price target on shares of Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Finally, StockNews.com lowered shares of Boot Barn from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Boot Barn has a consensus rating of "Moderate Buy" and a consensus price target of $165.85.

Boot Barn Stock Performance

Shares of BOOT stock traded up $5.73 during trading hours on Tuesday, reaching $113.46. The company had a trading volume of 1,009,606 shares, compared to its average volume of 818,638. Boot Barn has a 12-month low of $86.17 and a 12-month high of $176.64. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 1.17 and a beta of 1.59. The stock has a fifty day moving average of $104.14 and a 200-day moving average of $131.93.

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 the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. On average, analysts forecast that Boot Barn will post 5.82 EPS for the current year.

Institutional Investors Weigh In On Boot Barn

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. increased its stake in Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Signaturefd LLC grew its position 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 buying an additional 111 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Boot Barn during the 1st quarter worth $29,000. Golden State Wealth Management LLC lifted its position in Boot Barn by 263.6% in the first 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 boosted 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 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.