Boot Barn (NYSE:BOOT) Price Target Lowered to $200.00 at UBS Group

Boot Barn (NYSE:BOOT) had its target price trimmed by UBS Group from $210.00 to $200.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently commented on the company. Citigroup dropped their price objective on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Baird R W upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and lifted their price objective for the company from $154.00 to $162.00 in a research note on Friday, October 25th. KeyCorp raised 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 report on Thursday, January 23rd. Finally, 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. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and an average target price of $181.58.

Boot Barn Trading Down 0.1 %

Shares of NYSE:BOOT opened at $144.02 on Monday. Boot Barn has a 12-month low of $80.82 and a 12-month high of $176.64. The stock’s 50-day moving average price is $153.68 and its two-hundred day moving average price is $147.12. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 1.45 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last released its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, research analysts forecast that Boot Barn will post 5.84 earnings per share for the current fiscal year.

Insider Transactions at Boot Barn

In other Boot Barn 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 transaction of $965,456.78. Following the completion of the sale, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Boot Barn

Institutional investors have recently made changes to their positions in the business. GHP Investment Advisors Inc. acquired a new stake in shares of Boot Barn during the third quarter worth approximately $25,000. Blue Trust Inc. grew its holdings in Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after acquiring an additional 143 shares in the last quarter. GAMMA Investing LLC grew its holdings in Boot Barn by 100.8% during the 3rd quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after acquiring an additional 268 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Boot Barn in the 3rd quarter worth about $92,000. Finally, R Squared Ltd acquired a new stake in shares of Boot Barn in the 4th quarter valued at about $102,000.

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.