Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) has earned an average rating of "Moderate Buy" from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $103.78.
Several equities research analysts have commented on BOOT shares. Williams Trading restated a "hold" rating on shares of Boot Barn in a research note on Tuesday, January 16th. StockNews.com downgraded Boot Barn from a "hold" rating to a "sell" rating in a research note on Friday, January 19th. B. Riley decreased their price target on Boot Barn from $92.00 to $83.00 and set a "buy" rating for the company in a research note on Thursday, February 1st. KeyCorp initiated coverage on shares of Boot Barn in a research note on Wednesday, February 7th. They set a "sector weight" rating on the stock. Finally, BTIG Research decreased their target price on shares of Boot Barn from $102.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, February 1st.
Read Our Latest Analysis on BOOT
Boot Barn Stock Performance
Shares of NYSE BOOT traded down $1.32 during trading on Friday, reaching $99.17. The stock had a trading volume of 658,896 shares, compared to its average volume of 833,428. The stock has a market cap of $3.00 billion, a PE ratio of 18.47 and a beta of 2.19. Boot Barn has a one year low of $64.33 and a one year high of $104.91. The firm's 50 day moving average price is $90.60 and its two-hundred day moving average price is $80.41.
Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.01. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. The business had revenue of $520.40 million for the quarter, compared to analysts' expectations of $520.34 million. On average, research analysts expect that Boot Barn will post 4.72 earnings per share for the current year.
Insiders Place Their Bets
In other Boot Barn news, CEO James Grant Conroy sold 19,478 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $92.38, for a total value of $1,799,377.64. Following the sale, the chief executive officer now owns 46,273 shares of the company's stock, valued at approximately $4,274,699.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Boot Barn news, CEO James Grant Conroy sold 19,478 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $92.38, for a total value of $1,799,377.64. Following the sale, the chief executive officer now directly owns 46,273 shares in the company, valued at approximately $4,274,699.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laurie Marie Grijalva sold 5,861 shares of the company's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $90.31, for a total transaction of $529,306.91. Following the transaction, the insider now directly owns 5,861 shares of the company's stock, valued at approximately $529,306.91. 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. Insiders own 2.20% of the company's stock.
Institutional Investors Weigh In On Boot Barn
A number of institutional investors have recently bought and sold shares of BOOT. State of Wyoming lifted its holdings in shares of Boot Barn by 57.3% during the second quarter. State of Wyoming now owns 552 shares of the company's stock valued at $47,000 after acquiring an additional 201 shares during the period. Headlands Technologies LLC lifted its holdings in Boot Barn by 1,037.7% during the 4th quarter. Headlands Technologies LLC now owns 785 shares of the company's stock valued at $60,000 after purchasing an additional 716 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in Boot Barn in the first quarter valued at about $68,000. Principal Securities Inc. bought a new stake in Boot Barn during the fourth quarter worth about $102,000. Finally, Quest Partners LLC acquired a new stake in shares of Boot Barn during the fourth quarter worth approximately $112,000.
About Boot Barn
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Get Free ReportBoot 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.
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