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

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have received an average rating of “Buy” from the thirteen analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $181.92.

A number of equities research analysts recently commented on the stock. UBS Group decreased their target price on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Robert W. Baird decreased their target price 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. JPMorgan Chase & Co. increased their target price on shares of 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 target price on shares of Boot Barn in a research report on Friday, January 31st. Finally, Bank of America increased their target price on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th.

Boot Barn Price Performance

Shares of BOOT opened at $108.61 on Monday. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07. Boot Barn has a 1 year low of $82.67 and a 1 year high of $176.64. The business’s 50 day simple moving average is $145.09 and its 200-day simple moving average is $147.07.

Boot Barn (NYSE:BOOT) last released 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 return on equity of 17.11% and a net margin of 9.36%. On average, sell-side analysts expect that Boot Barn will post 5.82 earnings per share for the current year.

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the 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 sale, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Boot Barn

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Boot Barn in the fourth quarter worth $5,854,000. Azzad Asset Management Inc. ADV grew its position in Boot Barn by 65.6% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 15,520 shares of the company’s stock valued at $2,356,000 after buying an additional 6,149 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Boot Barn during the fourth quarter valued at $1,818,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Boot Barn by 23.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,832 shares of the company’s stock valued at $10,602,000 after buying an additional 13,346 shares during the period. Finally, Westwood Holdings Group Inc. grew its position in Boot Barn by 4.4% during the fourth quarter. Westwood Holdings Group Inc. now owns 210,875 shares of the company’s stock valued at $32,015,000 after buying an additional 8,912 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.