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 Trading Up 5.6 %

Shares of BOOT Stock traded up $3.92 during trading hours on Friday, hitting $73.69. 957,622 shares of the company were exchanged, compared to its average volume of 649,022. The business has a 50 day moving average of $71.52 and a two-hundred day moving average of $83.13. Boot Barn has a 52 week low of $58.51 and a 52 week high of $134.50. The company has a market capitalization of $2.20 billion, a PE ratio of 11.11, a PEG ratio of 0.55 and a beta of 2.54.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BOOT shares. StockNews.com downgraded shares of Boot Barn from a "hold" rating to a "sell" rating in a research note on Friday, July 29th. Seaport Res Ptn raised shares of Boot Barn from a "neutral" rating to a "buy" rating in a research note on Thursday. Craig Hallum dropped their price target on shares of Boot Barn from $145.00 to $120.00 in a research note on Thursday, July 28th. Robert W. Baird raised shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $115.00 price target for the company in a research note on Friday, May 27th. Finally, UBS Group dropped their price target on shares of Boot Barn from $80.00 to $70.00 and set a "neutral" rating for the company in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $112.90.

Insider Buying and Selling

In other Boot Barn news, CFO James M. Watkins bought 2,500 shares of Boot Barn stock in a transaction that occurred on Friday, August 5th. The stock was acquired at an average price of $60.83 per share, for a total transaction of $152,075.00. Following the completion of the acquisition, the chief financial officer now owns 8,353 shares of the company's stock, valued at approximately $508,112.99. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO James M. Watkins purchased 2,500 shares of the business's stock in a transaction on Friday, August 5th. The stock was purchased at an average price of $60.83 per share, for a total transaction of $152,075.00. Following the completion of the purchase, the chief financial officer now directly owns 8,353 shares in the company, valued at approximately $508,112.99. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 owns 15,319 shares of the company's stock, valued at approximately $1,021,624.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,506 shares of company stock worth $781,292. 1.20% of the stock is owned by insiders.