Boot Barn (NYSE:BOOT) Sets New 12-Month High at $142.74

Boot Barn Holdings, Inc. (NYSE:BOOT)’s share price reached a new 52-week high on Friday . The company traded as high as $142.74 and last traded at $140.82, with a volume of 86758 shares. The stock had previously closed at $138.80.

Wall Street Analyst Weigh In

Several research analysts have commented on BOOT shares. JPMorgan Chase & Co. raised their price target on shares of Boot Barn from $125.00 to $146.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. UBS Group boosted their target price on Boot Barn from $125.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Piper Sandler lifted their price target on Boot Barn from $144.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. BTIG Research boosted their price objective on Boot Barn from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Finally, Craig Hallum raised their target price on shares of Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boot Barn has a consensus rating of “Moderate Buy” and a consensus price target of $138.20.

Boot Barn Price Performance

The stock has a market capitalization of $4.33 billion, a PE ratio of 29.66 and a beta of 2.09. The firm’s 50 day simple moving average is $128.91 and its 200 day simple moving average is $110.70.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. The company had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $415.04 million. During the same quarter last year, the company earned $1.11 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. Analysts expect that Boot Barn Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Institutional Trading of Boot Barn

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its holdings in Boot Barn by 186.6% during the 4th quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock valued at $197,527,000 after buying an additional 1,675,410 shares during the last quarter. Wasatch Advisors LP increased its position in shares of Boot Barn by 43.8% in the first quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock valued at $202,830,000 after acquiring an additional 649,021 shares during the period. Westwood Holdings Group Inc. bought a new position in shares of Boot Barn during the fourth quarter valued at about $32,361,000. Capital Research Global Investors purchased a new stake in shares of Boot Barn during the first quarter worth about $32,779,000. Finally, Janus Henderson Group PLC grew its stake in shares of Boot Barn by 1,212.4% in the first quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock worth $27,134,000 after purchasing an additional 263,444 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.