Boot Barn (NYSE:BOOT) Earns “Buy” Rating from Williams Trading

Williams Trading reissued their buy rating on shares of Boot Barn (NYSE:BOOT) in a research report sent to investors on Tuesday morning, Benzinga reports. Williams Trading currently has a $173.00 price objective on the stock.

Other equities analysts have also issued reports about the stock. Piper Sandler boosted their price target on shares of Boot Barn from $147.00 to $179.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Citigroup boosted their target price on Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Benchmark increased their price target on Boot Barn from $140.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. BTIG Research boosted their price objective on Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, UBS Group lifted their price target on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.55.

Boot Barn Trading Down 2.1 %

Shares of Boot Barn stock opened at $124.54 on Tuesday. Boot Barn has a twelve month low of $66.73 and a twelve month high of $169.83. The firm’s 50-day moving average price is $154.30 and its 200 day moving average price is $132.35. The firm has a market capitalization of $3.79 billion, a PE ratio of 25.94 and a beta of 2.12.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The firm 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 16.44% and a net margin of 8.89%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. On average, sell-side analysts predict that Boot Barn will post 5.29 EPS for the current fiscal year.

Institutional Trading of Boot Barn

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new stake in shares of Boot Barn in the third quarter valued at $25,000. GAMMA Investing LLC grew its position in Boot Barn by 111.1% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after acquiring an additional 140 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Boot Barn during the second quarter worth about $64,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Boot Barn during the second quarter worth about $84,000. Finally, USA Financial Formulas purchased a new position in shares of Boot Barn in the third quarter valued at approximately $92,000.

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.