Robert W. Baird Cuts Boot Barn (NYSE:BOOT) Price Target to $120.00

Boot Barn (NYSE:BOOT) had its price objective reduced by Robert W. Baird from $133.00 to $120.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently issued reports on the company. Craig Hallum raised Boot Barn from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Wednesday. Stephens began coverage on shares of Boot Barn in a report on Wednesday, April 9th. They set an “overweight” rating and a $100.00 price target on the stock. BTIG Research upped their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Finally, Bank of America upped their price target on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.23.

Boot Barn Price Performance

Shares of BOOT stock opened at $102.63 on Wednesday. The business has a fifty day moving average of $106.43 and a 200 day moving average of $134.04. Boot Barn has a 1 year low of $86.17 and a 1 year high of $176.64. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75.

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

Institutional Trading of Boot Barn

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in Boot Barn by 1.0% during the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock worth $68,004,000 after acquiring an additional 4,226 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Boot Barn by 56.5% in the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock valued at $23,638,000 after buying an additional 51,032 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Boot Barn by 18,573.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 14,939 shares of the company’s stock worth $2,268,000 after buying an additional 14,859 shares during the period. Tilia Fiduciary Partners Inc. increased its position in shares of Boot Barn by 1.7% during the fourth quarter. Tilia Fiduciary Partners Inc. now owns 9,798 shares of the company’s stock valued at $1,488,000 after acquiring an additional 167 shares during the last quarter. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of Boot Barn in the 4th quarter valued at approximately $322,000.

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.