Boot Barn (NYSE:BOOT – Get Rating) had its price objective cut by equities research analysts at Piper Sandler from $132.00 to $98.00 in a note issued to investors on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target indicates a potential upside of 57.30% from the company’s current price.
Several other analysts have also commented on the company. StockNews.com started coverage on Boot Barn in a report on Thursday, March 31st. They set a “hold” rating on the stock. Craig Hallum dropped their target price on Boot Barn from $162.00 to $145.00 in a report on Wednesday, May 11th. Robert W. Baird dropped their price objective on Boot Barn from $115.00 to $90.00 and set a “maintains” rating on the stock in a report on Tuesday. Finally, UBS Group dropped their price objective on Boot Barn from $110.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.18.
Boot Barn Stock Performance
Shares of BOOT stock opened at $62.30 on Thursday. The stock’s 50-day simple moving average is $74.36 and its 200-day simple moving average is $86.07. The firm has a market capitalization of $1.86 billion, a PE ratio of 9.83, a P/E/G ratio of 0.52 and a beta of 2.75. Boot Barn has a fifty-two week low of $58.51 and a fifty-two week high of $134.50.
In other news, insider John Hazen sold 1,087 shares of Boot Barn stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $66.69, for a total value of $72,492.03. Following the completion of the sale, the insider now directly owns 15,319 shares of the company’s stock, valued at $1,021,624.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Peter Starrett bought 1,200 shares of Boot Barn stock in a transaction dated Friday, May 27th. The stock was acquired at an average cost of $80.89 per share, with a total value of $97,068.00. Following the acquisition, the director now owns 10,799 shares of the company’s stock, valued at $873,531.11. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John Hazen sold 1,087 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $66.69, for a total value of $72,492.03. Following the completion of the sale, the insider now directly owns 15,319 shares of the company’s stock, valued at $1,021,624.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,506 shares of company stock valued at $781,292. 1.20% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Venture Visionary Partners LLC acquired a new position in Boot Barn during the second quarter worth $34,000. Signaturefd LLC purchased a new stake in shares of Boot Barn in the fourth quarter valued at $37,000. Optimum Investment Advisors purchased a new stake in shares of Boot Barn in the second quarter valued at $48,000. Lazard Asset Management LLC purchased a new position in Boot Barn during the fourth quarter worth about $68,000. Finally, Focused Wealth Management Inc purchased a new position in Boot Barn during the first quarter worth about $76,000.
About Boot Barn
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.
- Get a free copy of the StockNews.com research report on Boot Barn (BOOT)
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