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

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $103.78.

A number of equities research analysts recently commented on BOOT shares. UBS Group raised Boot Barn from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $75.00 to $108.00 in a research note on Friday, January 5th. KeyCorp started coverage on Boot Barn in a research note on Wednesday, February 7th. They set a “sector weight” rating for the company. Williams Trading reaffirmed a “hold” rating on shares of Boot Barn in a research note on Tuesday, January 16th. Robert W. Baird lifted their price objective on Boot Barn from $70.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a research note on Friday, January 19th.

Boot Barn Stock Up 1.8 %

BOOT stock opened at $100.50 on Friday. The company has a market cap of $3.05 billion, a P/E ratio of 18.72 and a beta of 2.19. Boot Barn has a twelve month low of $64.33 and a twelve month high of $104.91. The business has a fifty day moving average of $90.26 and a 200-day moving average of $80.28.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, January 31st. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. The company had revenue of $520.40 million during the quarter, compared to the consensus estimate of $520.34 million. Boot Barn had a return on equity of 19.52% and a net margin of 9.62%. As a group, equities research analysts anticipate that Boot Barn will post 4.72 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gene Eddie Burt sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $85.03, for a total value of $85,030.00. Following the sale, the director now directly owns 1,542 shares in the company, valued at $131,116.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO James Grant Conroy sold 19,478 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $92.38, for a total transaction 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gene Eddie Burt sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $85.03, for a total value of $85,030.00. Following the sale, the director now owns 1,542 shares in the company, valued at approximately $131,116.26. The disclosure for this sale can be found here. Insiders have sold a total of 26,339 shares of company stock worth $2,413,715 over the last three months. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Boot Barn

Several institutional investors and hedge funds have recently bought and sold shares of BOOT. State of Wyoming raised its holdings in Boot Barn by 57.3% during the second quarter. State of Wyoming now owns 552 shares of the company’s stock worth $47,000 after acquiring an additional 201 shares in the last quarter. Headlands Technologies LLC raised its stake in Boot Barn by 1,037.7% in the fourth quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock valued at $60,000 after buying an additional 716 shares during the period. Dark Forest Capital Management LP bought a new stake in Boot Barn in the first quarter valued at approximately $68,000. Principal Securities Inc. bought a new stake in Boot Barn in the fourth quarter valued at approximately $102,000. Finally, Lazard Asset Management LLC raised its stake in Boot Barn by 75.3% in the fourth quarter. Lazard Asset Management LLC now owns 1,686 shares of the company’s stock valued at $105,000 after buying an additional 724 shares during the period.

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.