Analysts Set Boot Barn Holdings, Inc. (NYSE:BOOT) PT at $181.92

Boot Barn Holdings, Inc. (NYSE:BOOT) has received an average rating of “Buy” from the thirteen analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $181.92.

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of 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 shares of Boot Barn from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Craig Hallum set a $178.00 target price on shares of Boot Barn in a research report on Friday, January 31st. Bank of America increased their price target on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, BTIG Research boosted their price objective on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th.

Boot Barn Trading Down 14.9 %

NYSE:BOOT opened at $97.72 on Friday. The firm has a fifty day simple moving average of $125.46 and a 200-day simple moving average of $142.33. Boot Barn has a 12 month low of $90.50 and a 12 month high of $176.64. The company has a market capitalization of $2.99 billion, a P/E ratio of 17.45, a PEG ratio of 1.17 and a beta of 1.75.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BOOT. Bank of Montreal Can increased its stake in Boot Barn by 1.4% during the 4th quarter. Bank of Montreal Can now owns 5,936 shares of the company’s stock worth $901,000 after buying an additional 82 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Boot Barn by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock worth $701,000 after acquiring an additional 83 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Boot Barn by 1.0% during the fourth quarter. Cetera Investment Advisers now owns 8,179 shares of the company’s stock worth $1,242,000 after purchasing an additional 83 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of Boot Barn by 7.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,367 shares of the company’s stock worth $208,000 after purchasing an additional 97 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its stake in Boot Barn by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,096 shares of the company’s stock valued at $470,000 after purchasing an additional 98 shares during 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.