Boot Barn (NYSE:BOOT – Free Report) had its target price decreased by UBS Group from $210.00 to $200.00 in a research report released on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.
Several other research firms have also issued reports on BOOT. KeyCorp upgraded shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Thursday, January 23rd. Robert W. Baird upgraded shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective for the company in a research note on Wednesday, October 30th. Craig Hallum downgraded Boot Barn from a “buy” rating to a “hold” rating and boosted their target price for the stock from $154.00 to $162.00 in a research note on Friday, October 25th. Benchmark reaffirmed a “buy” rating and set a $192.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.58.
Check Out Our Latest Analysis on BOOT
Boot Barn Price Performance
Boot Barn (NYSE:BOOT – Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping 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%. As a group, analysts expect that Boot Barn will post 5.84 EPS for the current year.
Insider Activity
In related news, CEO John Hazen sold 6,311 shares of the 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 sale, the chief executive officer now owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
Institutional Investors Weigh In On Boot Barn
A number of institutional investors and hedge funds have recently modified their holdings of BOOT. Stephens Investment Management Group LLC bought a new stake in Boot Barn during the 4th quarter worth approximately $46,699,000. Artemis Investment Management LLP purchased a new position in shares of Boot Barn during the 4th quarter valued at $36,361,000. TimesSquare Capital Management LLC increased its holdings in shares of Boot Barn by 134.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 289,641 shares of the company’s stock worth $43,973,000 after purchasing an additional 166,121 shares during the period. Jennison Associates LLC raised its position in shares of Boot Barn by 92.3% in the fourth quarter. Jennison Associates LLC now owns 340,550 shares of the company’s stock worth $51,702,000 after buying an additional 163,451 shares in the last quarter. Finally, State Street Corp boosted its stake in Boot Barn by 4.4% during the third quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after buying an additional 51,356 shares during the period.
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.
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