KeyCorp upgraded shares of Boot Barn (NYSE:BOOT – Free Report) from a sector weight rating to an overweight rating in a report issued on Thursday morning, Marketbeat Ratings reports. The firm currently has $190.00 price target on the stock. KeyCorp also issued estimates for Boot Barn’s Q4 2025 earnings at $1.22 EPS.
A number of other analysts have also commented on BOOT. Baird R W upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price on the stock in a research note on Wednesday, October 30th. Piper Sandler reaffirmed an “overweight” rating and set a $179.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Bank of America boosted their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. increased their target price on shares of Boot Barn from $181.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $173.00.
View Our Latest Stock Analysis on Boot Barn
Boot Barn Stock Performance
Boot Barn (NYSE:BOOT – Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The company had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. During the same quarter in the prior year, the company earned $0.91 earnings per share. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. Equities research analysts predict that Boot Barn will post 5.8 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Boot Barn
A number of large investors have recently added to or reduced their stakes in BOOT. Jennison Associates LLC increased its holdings 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 valued at $51,702,000 after purchasing an additional 163,451 shares during the last quarter. OLD National Bancorp IN boosted its holdings in shares of Boot Barn by 6.2% during the 4th quarter. OLD National Bancorp IN now owns 2,230 shares of the company’s stock worth $339,000 after buying an additional 130 shares during the period. R Squared Ltd acquired a new position in Boot Barn in the 4th quarter valued at about $102,000. Moody Aldrich Partners LLC raised its holdings in Boot Barn by 129.5% in the 4th quarter. Moody Aldrich Partners LLC now owns 49,411 shares of the company’s stock valued at $7,502,000 after acquiring an additional 27,880 shares during the period. Finally, Mount Yale Investment Advisors LLC acquired a new stake in Boot Barn during the fourth quarter worth approximately $355,000.
About Boot Barn
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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