Research Analysts’ Weekly Ratings Updates for Boot Barn (BOOT)

Boot Barn (NYSE: BOOT) recently received a number of ratings updates from brokerages and research firms:

• 1/15/2025 – Boot Barn had its price target raised by analysts at Bank of America Co. from $187.00 to $192.00. They now have a “buy” rating on the stock.
• 1/13/2025 – Boot Barn had its price target raised by analysts at BTIG Research from $185.00 to $190.00. They now have a “buy” rating on the stock.
• 1/10/2025 – Boot Barn was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $210.00 price target on the stock, up previously from $155.00.
• 1/8/2025 – Boot Barn had its price target raised by analysts at JPMorgan Chase & Co. from $181.00 to $188.00. They now have an “overweight” rating on the stock.
• 1/7/2025 – Boot Barn is now covered by analysts at Bank of America Co.. They set a “buy” rating and a $187.00 price target on the stock.

Boot Barn Stock Up 4.6 %

Shares of Boot Barn stock traded up $7.01 on Friday, hitting $160.28. 912,263 shares of the company traded hands, compared to its average volume of 874,608. Boot Barn Holdings, Inc. has a 12-month low of $69.35 and a 12-month high of $169.83. The company has a 50-day moving average price of $146.34 and a 200 day moving average price of $143.53. The company has a market cap of $4.89 billion, a PE ratio of 32.19, a PEG ratio of 1.59 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last posted its earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.02. The company had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. Equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Insiders Place Their Bets

In related news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the transaction, the chief executive officer now owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Boot Barn

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Artemis Investment Management LLP acquired a new position in shares of Boot Barn in the 4th quarter valued at $36,361,000. Marshall Wace LLP acquired a new position in Boot Barn in the second quarter worth about $19,532,000. State Street Corp lifted its stake in Boot Barn by 4.4% during the third quarter. State Street Corp now owns 1,208,345 shares of the company’s stock worth $202,132,000 after purchasing an additional 51,356 shares during the period. JPMorgan Chase & Co. boosted its holdings in Boot Barn by 56.5% during the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock valued at $23,638,000 after purchasing an additional 51,032 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Boot Barn in the 3rd quarter valued at approximately $5,931,000.

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.