Boot Barn Holdings, Inc. (NYSE:BOOT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $175.62.

A number of research analysts have recently commented on the company. UBS Group lowered their price objective on Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. StockNews.com downgraded Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Craig Hallum set a $178.00 price objective on Boot Barn in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Stephens initiated coverage on Boot Barn in a research note on Wednesday, April 9th. They set an “overweight” rating and a $100.00 price target on the stock.

Institutional Investors Weigh In On Boot Barn

Institutional investors have recently modified their holdings of the business. Signaturefd LLC grew its holdings in Boot Barn by 201.8% during the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after purchasing an additional 111 shares during the period. Blue Trust Inc. increased its position in shares of Boot Barn by 1,430.0% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after buying an additional 143 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Boot Barn during the first quarter worth about $29,000. Versant Capital Management Inc raised its position in shares of Boot Barn by 210.8% during the first quarter. Versant Capital Management Inc now owns 317 shares of the company’s stock worth $34,000 after purchasing an additional 215 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock valued at $55,000 after purchasing an additional 113 shares in the last quarter.

Boot Barn Stock Down 2.2 %

Shares of NYSE:BOOT opened at $89.50 on Tuesday. Boot Barn has a 12-month low of $86.17 and a 12-month high of $176.64. The firm has a market capitalization of $2.74 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75. The firm has a fifty day moving average of $109.46 and a two-hundred day moving average of $135.42.

Boot Barn (NYSE:BOOT) last issued its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Equities research analysts expect that Boot Barn will post 5.82 earnings per share for the current fiscal year.

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.