Boot Barn Holdings, Inc. (NYSE:BOOT) Given Consensus Rating of “Moderate Buy” by Brokerages

Boot Barn Holdings, Inc. (NYSE:BOOT) 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

In other news, CFO James M. Watkins sold 15,099 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $75.19, for a total value of $1,135,293.81. Following the sale, the chief financial officer now owns 12,819 shares in the company, valued at approximately $963,860.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

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.