Boot Barn (NYSE:BOOT) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Boot Barn (NYSE:BOOT) from a sell rating to a hold rating in a research report report published on Monday.

BOOT has been the topic of several other reports. Benchmark reaffirmed a “buy” rating and issued a $192.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Bank of America increased their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price target on shares of Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.58.

Boot Barn Stock Performance

BOOT opened at $144.90 on Monday. The stock has a market capitalization of $4.42 billion, a PE ratio of 25.88, a P/E/G ratio of 1.45 and a beta of 2.10. The company’s 50 day simple moving average is $153.41 and its 200 day simple moving average is $146.97. Boot Barn has a 1 year low of $80.33 and a 1 year high of $176.64.

Boot Barn (NYSE:BOOT) last posted its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, sell-side analysts expect that Boot Barn will post 5.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by insiders.

Institutional Trading of Boot Barn

Several institutional investors have recently made changes to their positions in the business. State Street Corp grew its stake in shares of Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after purchasing an additional 51,356 shares during the period. Geode Capital Management LLC lifted its holdings in Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock valued at $113,150,000 after purchasing an additional 6,369 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Boot Barn by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock valued at $82,895,000 after buying an additional 1,834 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of 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 buying an additional 4,226 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Boot Barn by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company’s stock valued at $58,999,000 after acquiring an additional 6,335 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.