Boot Barn Holdings, Inc. (NYSE:BOOT) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been assigned a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $181.92.

BOOT has been the subject of several research reports. Robert W. Baird reduced their price objective on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Craig Hallum set a $178.00 target price on shares of Boot Barn in a research note on Friday, January 31st. Bank of America increased their price objective on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research report on Thursday, January 23rd.

Boot Barn Trading Up 3.3 %

Shares of NYSE:BOOT opened at $110.98 on Friday. The firm’s 50 day moving average is $127.84 and its two-hundred day moving average is $142.83. The firm has a market capitalization of $3.40 billion, a P/E ratio of 19.82, a PEG ratio of 1.17 and a beta of 2.07. Boot Barn has a 52 week low of $95.28 and a 52 week high of $176.64.

Boot Barn (NYSE:BOOT) last released its quarterly 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%. Analysts predict that Boot Barn will post 5.82 EPS for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Boot Barn

A number of institutional investors have recently bought and sold shares of the business. FMR LLC boosted its stake in Boot Barn by 47.3% in the 4th quarter. FMR LLC now owns 2,211,300 shares of the company’s stock valued at $335,720,000 after buying an additional 709,903 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Boot Barn by 48.6% during the fourth quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company’s stock valued at $328,091,000 after acquiring an additional 706,518 shares during the period. Stephens Investment Management Group LLC bought a new stake in shares of Boot Barn in the 4th quarter worth about $46,699,000. Proficio Capital Partners LLC acquired a new stake in shares of Boot Barn during the 4th quarter worth about $45,177,000. Finally, Capital Research Global Investors lifted its holdings in Boot Barn by 32.6% during the 4th quarter. Capital Research Global Investors now owns 1,141,821 shares of the company’s stock valued at $173,351,000 after purchasing an additional 280,892 shares during the last quarter.

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.