Boot Barn (NYSE:BOOT) PT Raised to $110.00 at Piper Sandler

Boot Barn (NYSE:BOOT - Free Report) had its price target boosted by Piper Sandler from $94.00 to $110.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages have also recently issued reports on BOOT. BTIG Research decreased their price objective on shares of Boot Barn from $102.00 to $100.00 and set a buy rating for the company in a report on Thursday, February 1st. Robert W. Baird upped their price target on shares of Boot Barn from $70.00 to $90.00 and gave the company a neutral rating in a report on Thursday, March 21st. KeyCorp began coverage on shares of Boot Barn in a research report on Wednesday, February 7th. They issued a sector weight rating on the stock. StockNews.com lowered shares of Boot Barn from a hold rating to a sell rating in a research report on Friday, January 19th. Finally, Williams Trading reissued a hold rating on shares of Boot Barn in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $105.56.

Boot Barn Stock Performance

Shares of Boot Barn stock traded up $3.09 during midday trading on Tuesday, reaching $101.24. 873,491 shares of the company's stock traded hands, compared to its average volume of 835,063. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 18.85 and a beta of 2.19. The company's 50 day simple moving average is $91.33 and its 200 day simple moving average is $80.67. Boot Barn has a 52 week low of $64.33 and a 52 week high of $104.91.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.01. The company had revenue of $520.40 million for the quarter, compared to analyst estimates of $520.34 million. Boot Barn had a net margin of 9.62% and a return on equity of 19.52%. As a group, equities research analysts predict that Boot Barn will post 4.72 earnings per share for the current year.

Insider Transactions at Boot Barn

In related news, Director Gene Eddie Burt sold 1,000 shares of Boot Barn stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $85.03, for a total value of $85,030.00. Following the completion of the sale, the director now owns 1,542 shares of the company's stock, valued at approximately $131,116.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Boot Barn news, insider Laurie Marie Grijalva sold 5,861 shares of Boot Barn stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.31, for a total transaction of $529,306.91. Following the completion of the transaction, the insider now owns 5,861 shares of the company's stock, valued at approximately $529,306.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gene Eddie Burt sold 1,000 shares of Boot Barn stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $85.03, for a total value of $85,030.00. Following the transaction, the director now directly owns 1,542 shares of the company's stock, valued at approximately $131,116.26. The disclosure for this sale can be found here. Insiders sold a total of 26,339 shares of company stock valued at $2,413,715 in the last quarter. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of Boot Barn

Several hedge funds and other institutional investors have recently bought and sold shares of BOOT. Congress Asset Management Co. MA raised its holdings in shares of Boot Barn by 17.1% during the first quarter. Congress Asset Management Co. MA now owns 558,235 shares of the company's stock valued at $53,116,000 after acquiring an additional 81,503 shares in the last quarter. Park Avenue Securities LLC bought a new position in shares of Boot Barn during the first quarter valued at $222,000. NBC Securities Inc. increased its holdings in shares of Boot Barn by 11.2% during the first quarter. NBC Securities Inc. now owns 9,324 shares of the company's stock valued at $887,000 after acquiring an additional 939 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Boot Barn by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company's stock valued at $210,638,000 after acquiring an additional 35,925 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in 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 buying an additional 1,675,410 shares in 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.