Boot Barn - BOOT Stock Forecast, Price & News

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. The company also provides gifts and home merchandise. As of May 10, 2022, it operated 304 stores in 38 states. The company also sells its products through e-commerce websites, including bootbarn.com; sheplers.com; and countryoutfitter.com. The company was formerly known as WW Top Investment Corporation and changed its name to Boot Barn Holdings, Inc. in June 2014. Boot Barn Holdings, Inc. was founded in 1978 and is based in Irvine, California.

Boot Barn Stock Performance

Shares of BOOT Stock opened at $61.29 on Monday. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 9.76, a P/E/G ratio of 0.51 and a beta of 2.55. Boot Barn has a 52 week low of $58.51 and a 52 week high of $134.50. The firm's 50-day simple moving average is $72.80 and its two-hundred day simple moving average is $83.78.

Boot Barn (NYSE:BOOT - Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.32 by $0.15. The business had revenue of $383.31 million for the quarter, compared to analyst estimates of $354.02 million. Boot Barn had a net margin of 12.35% and a return on equity of 33.09%. The company's revenue for the quarter was up 48.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Analysts forecast that Boot Barn will post 6.04 earnings per share for the current year.

Analyst Ratings Changes

BOOT has been the subject of several recent analyst reports. Craig Hallum dropped their price objective on shares of Boot Barn from $145.00 to $120.00 in a research note on Thursday, July 28th. StockNews.com downgraded Boot Barn from a "hold" rating to a "sell" rating in a research note on Friday, July 29th. Piper Sandler dropped their price target on Boot Barn from $132.00 to $98.00 and set an "overweight" rating for the company in a research note on Thursday, July 28th. Cowen dropped their price target on Boot Barn from $140.00 to $90.00 in a research report on Thursday, July 28th. Finally, Cowen lowered their price target on Boot Barn from $140.00 to $90.00 in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $112.90.

Insider Activity

In other Boot Barn news, Director Peter Starrett purchased 1,200 shares of the stock in a transaction dated Friday, May 27th. The shares were bought at an average price of $80.89 per share, with a total value of $97,068.00. Following the completion of the transaction, the director now directly owns 10,799 shares in the company, valued at approximately $873,531.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Peter Starrett purchased 1,200 shares of the business's stock in a transaction on Friday, May 27th. The stock was acquired at an average price of $80.89 per share, with a total value of $97,068.00. Following the purchase, the director now directly owns 10,799 shares in the company, valued at $873,531.11. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO James M. Watkins purchased 2,500 shares of the business's stock in a transaction on Friday, August 5th. The stock was bought at an average cost of $60.83 per share, with a total value of $152,075.00. Following the purchase, the chief financial officer now owns 8,353 shares in the company, valued at $508,112.99. The disclosure for this purchase can be found here. Insiders have sold a total of 10,506 shares of company stock valued at $781,292 over the last quarter. Company insiders own 1.20% of the company's stock.