Shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) have received an average rating of "Moderate Buy" from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $110.45.
A number of equities research analysts recently commented on the stock. Robert W. Baird increased their target price on shares of Boot Barn from $90.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, May 15th. Benchmark boosted their price target on Boot Barn from $88.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, May 15th. Craig Hallum upped their price objective on shares of Boot Barn from $95.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, May 15th. KeyCorp initiated coverage on shares of Boot Barn in a research note on Wednesday, February 7th. They set a "sector weight" rating on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Boot Barn from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Tuesday, May 21st.
Read Our Latest Research Report on Boot Barn
Insider Buying and Selling
In related news, insider Michael A. Love sold 1,079 shares of the firm's stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $110.21, for a total transaction of $118,916.59. Following the sale, the insider now directly owns 2,112 shares of the company's stock, valued at $232,763.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Boot Barn news, Director Brenda I. Morris sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $110.11, for a total value of $165,165.00. Following the sale, the director now directly owns 4,546 shares of the company's stock, valued at $500,560.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael A. Love sold 1,079 shares of the firm's stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $110.21, for a total value of $118,916.59. Following the completion of the sale, the insider now directly owns 2,112 shares in the company, valued at $232,763.52. The disclosure for this sale can be found here. Insiders have sold a total of 11,795 shares of company stock valued at $1,329,686 over the last ninety days. Company insiders own 2.20% of the company's stock.
Hedge Funds Weigh In On Boot Barn
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in Boot Barn by 186.6% during the fourth quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company's stock worth $197,527,000 after acquiring an additional 1,675,410 shares during the last quarter. Wasatch Advisors LP increased its stake in Boot Barn by 43.8% during the first quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company's stock worth $202,830,000 after acquiring an additional 649,021 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of Boot Barn in the fourth quarter valued at $32,361,000. Capital Research Global Investors acquired a new stake in shares of Boot Barn in the first quarter valued at $32,779,000. Finally, American Century Companies Inc. acquired a new stake in shares of Boot Barn in the third quarter valued at $23,028,000.
Boot Barn Trading Up 4.2 %
Shares of BOOT traded up $4.81 during trading hours on Friday, hitting $118.93. The company had a trading volume of 815,217 shares, compared to its average volume of 835,845. The company has a market capitalization of $3.62 billion, a PE ratio of 24.78 and a beta of 2.15. Boot Barn has a one year low of $64.85 and a one year high of $119.56. The company's fifty day moving average price is $104.31 and its two-hundred day moving average price is $88.20.
Boot Barn Company Profile
(Get Free Report
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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