Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $175.62 Consensus Target Price from Brokerages

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned an average rating of “Buy” from the fourteen research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $167.77.

Several analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Robert W. Baird cut their price objective on Boot Barn from $133.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Piper Sandler set a $162.00 price objective on Boot Barn in a report on Friday. Finally, Craig Hallum raised Boot Barn from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Wednesday, April 23rd.

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $104.22 on Tuesday. The firm’s 50 day moving average price is $105.84 and its 200-day moving average price is $133.29. The company has a market cap of $3.19 billion, a PE ratio of 18.61, a P/E/G ratio of 1.17 and a beta of 1.75. Boot Barn has a 52-week low of $86.17 and a 52-week high of $176.64.

Boot Barn (NYSE:BOOT) last issued its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping 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%. On average, analysts forecast that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boot Barn

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Boot Barn by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company’s stock valued at $517,686,000 after acquiring an additional 73,089 shares in the last quarter. FMR LLC lifted its position in shares of Boot Barn by 47.3% in the fourth quarter. FMR LLC now owns 2,211,300 shares of the company’s stock worth $335,720,000 after buying an additional 709,903 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Boot Barn by 48.6% in the fourth quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company’s stock worth $328,091,000 after buying an additional 706,518 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Boot Barn by 32.6% in the fourth quarter. Capital Research Global Investors now owns 1,141,821 shares of the company’s stock worth $173,351,000 after buying an additional 280,892 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Boot Barn by 13.2% in the fourth quarter. Alliancebernstein L.P. now owns 846,983 shares of the company’s stock worth $128,589,000 after buying an additional 99,029 shares in 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.