Robert W. Baird Lowers Boot Barn (NYSE:BOOT) Price Target to $155.00

Boot Barn (NYSE:BOOT) had its price objective decreased by Robert W. Baird from $190.00 to $155.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 38.56% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. 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 research report on Friday, January 31st. Craig Hallum set a $178.00 price objective on Boot Barn in a report on Friday, January 31st. KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Thursday, January 23rd. BTIG Research increased their target price on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Bank of America boosted their price target on shares of Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.92.

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $111.87 on Wednesday. The firm has a fifty day moving average of $148.26 and a 200 day moving average of $147.77. The firm has a market cap of $3.42 billion, a PE ratio of 19.98, a PEG ratio of 1.17 and a beta of 2.07. Boot Barn has a one year low of $82.67 and a one year high of $176.64.

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 net margin of 9.36% and a return on equity of 17.11%. On average, equities analysts predict that Boot Barn will post 5.82 EPS for the current fiscal year.

Insider Activity at Boot Barn

In other Boot Barn 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 value of $965,456.78. Following the completion of the transaction, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Boot Barn

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in shares of Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after acquiring an additional 6,369 shares in the last quarter. Dale Q Rice Investment Management Ltd purchased a new stake in Boot Barn during the 4th quarter valued at approximately $1,544,000. Algert Global LLC grew its position in Boot Barn by 653.9% in the 3rd quarter. Algert Global LLC now owns 23,001 shares of the company’s stock valued at $3,848,000 after buying an additional 19,950 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in shares of Boot Barn during the third quarter worth about $3,343,000. Finally, Stephens Investment Management Group LLC purchased a new position in shares of Boot Barn during the 4th quarter worth approximately $46,699,000.

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.