Boot Barn (NYSE:BOOT – Get Free Report) had its price target boosted by TD Cowen from $105.00 to $115.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. TD Cowen’s price objective indicates a potential upside of 21.09% from the company’s previous close.
Several other research analysts have also recently issued reports on the company. Robert W. Baird decreased their price target on Boot Barn from $86.00 to $70.00 in a research note on Thursday, May 18th. Citigroup increased their price target on Boot Barn from $106.00 to $116.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. BTIG Research raised their target price on Boot Barn from $98.00 to $115.00 in a research note on Thursday, August 3rd. Bank of America raised their target price on Boot Barn from $80.00 to $113.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, 888 reaffirmed a “maintains” rating on shares of Boot Barn in a research note on Thursday, May 18th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and an average price target of $107.44.
View Our Latest Stock Analysis on BOOT
Boot Barn Price Performance
Boot Barn (NYSE:BOOT – Get Free Report) last issued its quarterly earnings data on Wednesday, May 17th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.08. Boot Barn had a return on equity of 22.03% and a net margin of 9.88%. The firm had revenue of $425.70 million during the quarter, compared to the consensus estimate of $441.00 million. During the same period in the prior year, the business earned $1.47 EPS. The firm’s revenue was up 11.1% on a year-over-year basis. On average, research analysts forecast that Boot Barn will post 5.27 earnings per share for the current year.
Insider Buying and Selling
In related news, COO Gregory V. Hackman sold 15,749 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $69.16, for a total value of $1,089,200.84. Following the completion of the sale, the chief operating officer now directly owns 57,120 shares of the company’s stock, valued at approximately $3,950,419.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.
Institutional Investors Weigh In On Boot Barn
Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Boot Barn by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,055,012 shares of the company’s stock worth $65,957,000 after acquiring an additional 63,802 shares in the last quarter. Legato Capital Management LLC purchased a new stake in shares of Boot Barn during the 4th quarter worth about $546,000. Seven Eight Capital LP purchased a new stake in shares of Boot Barn during the 4th quarter worth about $238,000. SG Americas Securities LLC purchased a new stake in shares of Boot Barn during the 4th quarter worth about $681,000. Finally, GSA Capital Partners LLP raised its stake in shares of Boot Barn by 53.8% during the 4th quarter. GSA Capital Partners LLP now owns 5,619 shares of the company’s stock worth $351,000 after purchasing an additional 1,966 shares in the last quarter.
About Boot Barn
Boot Barn Holdings, Inc engages in the operation of retail stores of western and work-related footwear, apparel, and accessories. The firm’s products include boots, jeans, accessories, hats, gifts and home products, and work wear. Its brands include Ariat, Wrangler, Lucchese Boots, Idyllwind, and Cinch.
Further Reading
- Five stocks we like better than Boot Barn
- Retail Stocks Investing, Explained
- 3 Best Renewable Energy Stocks as Summer Heat Builds
- What Are Utility Stocks? An Overview of the Utilities Sector
- Kinder Morgan Shines With Dividend Yield, Cash Flow, Buybacks
- Stocks in the Dow: About the Dow Jones Industrial Average (DJIA)
- 3 Stocks to Buy No Matter Which Way Inflation Moves
Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.
-inc-logo.PNG?v=20210312142656&h=45&w=95&zc=2){kind=logo}
