Boot Barn (NYSE:BOOT) Reaches New 12-Month High at $109.18

Boot Barn Holdings, Inc. (NYSE:BOOT) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $109.18 and last traded at $108.73, with a volume of 109470 shares changing hands. The stock had previously closed at $103.18.

Analyst Upgrades and Downgrades

Several analysts have commented on BOOT shares. Piper Sandler raised their price objective on Boot Barn from $94.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. UBS Group raised Boot Barn from a “neutral” rating to a “buy” rating and raised their price objective for the company from $75.00 to $108.00 in a report on Friday, January 5th. KeyCorp began coverage on Boot Barn in a research report on Wednesday, February 7th. They issued a “sector weight” rating on the stock. Williams Trading restated a “hold” rating on shares of Boot Barn in a research report on Tuesday, January 16th. Finally, B. Riley decreased their target price on Boot Barn from $92.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.56.

Boot Barn Stock Up 0.6 %

The stock has a market cap of $3.25 billion, a PE ratio of 19.99 and a beta of 2.19. The stock has a 50-day moving average of $92.85 and a 200 day moving average of $81.46.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. The firm had revenue of $520.40 million for the quarter, compared to the consensus estimate of $520.34 million. Research analysts forecast that Boot Barn Holdings, Inc. will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling

In other Boot Barn news, CEO James Grant Conroy sold 19,478 shares of Boot Barn stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $92.38, for a total value of $1,799,377.64. Following the sale, the chief executive officer now owns 46,273 shares in the company, valued at $4,274,699.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Boot Barn news, insider Laurie Marie Grijalva sold 5,861 shares of Boot Barn stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $90.31, for a total value of $529,306.91. Following the sale, the insider now owns 5,861 shares in the company, valued at $529,306.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Grant Conroy sold 19,478 shares of Boot Barn stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $92.38, for a total value of $1,799,377.64. Following the completion of the sale, the chief executive officer now owns 46,273 shares in the company, valued at approximately $4,274,699.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,339 shares of company stock worth $2,413,715. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Boot Barn

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOOT. Arizona State Retirement System grew its stake in shares of Boot Barn by 1.7% in the third quarter. Arizona State Retirement System now owns 8,516 shares of the company’s stock valued at $691,000 after buying an additional 142 shares in the last quarter. Natixis Advisors L.P. grew its stake in shares of Boot Barn by 0.5% in the fourth quarter. Natixis Advisors L.P. now owns 32,608 shares of the company’s stock valued at $2,502,000 after buying an additional 149 shares in the last quarter. Azzad Asset Management Inc. ADV grew its stake in shares of Boot Barn by 1.7% in the first quarter. Azzad Asset Management Inc. ADV now owns 9,342 shares of the company’s stock valued at $889,000 after buying an additional 154 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC grew its stake in shares of Boot Barn by 7.7% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $248,000 after buying an additional 219 shares in the last quarter. Finally, NBC Securities Inc. grew its stake in shares of Boot Barn by 2.8% in the fourth quarter. NBC Securities Inc. now owns 8,385 shares of the company’s stock valued at $643,000 after buying an additional 228 shares in the last quarter.

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.