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 Price Performance

Shares of Boot Barn stock traded down $0.97 during trading hours on Wednesday, reaching $74.64. The company's stock had a trading volume of 576,884 shares, compared to its average volume of 650,295. Boot Barn has a one year low of $58.51 and a one year high of $134.50. The firm has a 50 day moving average price of $70.57 and a 200-day moving average price of $82.59. The stock has a market cap of $2.22 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.60 and a beta of 2.54.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BOOT. Robert W. Baird raised Boot Barn from a "neutral" rating to an "outperform" rating and set a $115.00 price objective for the company in a research note on Friday, May 27th. StockNews.com lowered shares of Boot Barn from a "hold" rating to a "sell" rating in a report on Friday, July 29th. Piper Sandler lowered their target price on shares of Boot Barn from $132.00 to $98.00 and set an "overweight" rating on the stock in a report on Thursday, July 28th. Seaport Res Ptn upgraded shares of Boot Barn from a "neutral" rating to a "buy" rating in a research report on Thursday, August 11th. Finally, Cowen reduced their price target on shares of Boot Barn from $140.00 to $90.00 in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Boot Barn currently has an average rating of "Moderate Buy" and an average target price of $112.90.

Insider Buying and Selling

In related news, CFO James M. Watkins acquired 2,500 shares of the firm's stock in a transaction on Friday, August 5th. The shares were acquired at an average cost of $60.83 per share, for a total transaction of $152,075.00. Following the completion of the transaction, the chief financial officer now directly owns 8,353 shares in the company, valued at approximately $508,112.99. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO James M. Watkins acquired 2,500 shares of the company'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 completion of the purchase, the chief financial officer now directly owns 8,353 shares of the company's stock, valued at $508,112.99. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Hazen sold 1,087 shares of the stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $66.69, for a total transaction of $72,492.03. Following the completion of the sale, the insider now directly owns 15,319 shares in the company, valued at approximately $1,021,624.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,506 shares of company stock worth $781,292. Corporate insiders own 1.20% of the company's stock.