Boot Barn (NYSE:BOOT) Price Target Raised to $185.00 at BTIG Research

by · The Cerbat Gem

Boot Barn (NYSE:BOOT – Get Free Report) had its target price upped by analysts at BTIG Research from $165.00 to $185.00 in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price objective would indicate a potential upside of 14.58% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Piper Sandler upped their price target on shares of Boot Barn from $147.00 to $179.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and upped their target price for the stock from $154.00 to $162.00 in a report on Friday. Citigroup lifted their price target on Boot Barn from $122.00 to $154.00 and gave the company a “buy” rating in a report on Friday, July 19th. UBS Group upped their price objective on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird lifted their target price on Boot Barn from $140.00 to $167.00 and gave the company a “neutral” rating in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $159.20.

Check Out Our Latest Report on BOOT

Boot Barn Stock Up 2.2 %

NYSE BOOT opened at $161.46 on Tuesday. Boot Barn has a 52 week low of $66.73 and a 52 week high of $169.83. The company has a fifty day moving average of $154.70 and a two-hundred day moving average of $132.17. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 33.64 and a beta of 2.12.

Boot Barn (NYSE:BOOT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.08 by $0.18. The company had revenue of $423.40 million for the quarter, compared to the consensus estimate of $415.04 million. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. Boot Barn’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 EPS. Equities research analysts anticipate that Boot Barn will post 5.29 EPS for the current year.

Institutional Trading of Boot Barn

Several hedge funds and other institutional investors have recently bought and sold shares of BOOT. Vanguard Group Inc. grew its stake in shares of Boot Barn by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company’s stock worth $210,638,000 after purchasing an additional 35,925 shares during the period. Westwood Holdings Group Inc. grew its position in Boot Barn by 29.4% during the first quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company’s stock valued at $51,918,000 after buying an additional 124,060 shares during the period. Jennison Associates LLC grew its position in Boot Barn by 19.6% during the first quarter. Jennison Associates LLC now owns 530,882 shares of the company’s stock valued at $50,513,000 after buying an additional 86,969 shares during the period. Capital Research Global Investors acquired a new position in shares of Boot Barn in the first quarter worth about $32,779,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Boot Barn by 1,212.4% during the 1st quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock worth $27,134,000 after acquiring an additional 263,444 shares in the last quarter.

Boot Barn Company Profile

(Get Free Report)

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.

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