Boot Barn Holdings, Inc. (NYSE:BOOT – Get Free Report) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $103.44.
Several equities analysts have recently weighed in on BOOT shares. Piper Sandler reduced their price objective on shares of Boot Barn from $120.00 to $99.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. Bank of America increased their price target on shares of Boot Barn from $113.00 to $118.00 in a research report on Thursday, August 10th. Citigroup reduced their target price on shares of Boot Barn from $116.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. UBS Group lifted their price target on shares of Boot Barn from $74.00 to $88.00 in a research report on Thursday, August 3rd. Finally, StockNews.com started coverage on shares of Boot Barn in a research report on Thursday, October 5th. They issued a “sell” rating on the stock.
Insider Buying and Selling at Boot Barn
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in BOOT. JPMorgan Chase & Co. raised its holdings in Boot Barn by 18.1% during the 1st quarter. JPMorgan Chase & Co. now owns 85,240 shares of the company’s stock worth $8,080,000 after purchasing an additional 13,089 shares during the last quarter. Raymond James & Associates increased its stake in Boot Barn by 632.3% during the 1st quarter. Raymond James & Associates now owns 13,467 shares of the company’s stock worth $1,277,000 after purchasing an additional 11,628 shares in the last quarter. American Century Companies Inc. increased its stake in Boot Barn by 18.1% during the 1st quarter. American Century Companies Inc. now owns 7,079 shares of the company’s stock worth $671,000 after purchasing an additional 1,083 shares in the last quarter. US Bancorp DE boosted its position in Boot Barn by 3.7% during the 1st quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $425,000 after acquiring an additional 161 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Boot Barn by 7.1% during the 1st quarter. Citigroup Inc. now owns 29,162 shares of the company’s stock worth $2,765,000 after acquiring an additional 1,933 shares during the last quarter.
Boot Barn Trading Down 4.8 %
NYSE:BOOT opened at $69.01 on Tuesday. Boot Barn has a twelve month low of $56.62 and a twelve month high of $104.91. The company has a 50-day moving average of $78.79 and a 200-day moving average of $81.45. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 6.51 and a beta of 2.37.
Boot Barn Company Profile
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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