Boot Barn (NYSE:BOOT) Price Target Lowered to $155.00 at Robert W. Baird

Boot Barn (NYSE:BOOT) had its price target decreased by Robert W. Baird from $190.00 to $155.00 in a report issued on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other equities research analysts have also recently commented on the stock. StockNews.com cut 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 price objective on shares of Boot Barn in a research note on Friday, January 31st. BTIG Research raised their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Bank of America raised their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.92.

Boot Barn Trading Up 1.7 %

BOOT opened at $113.75 on Wednesday. Boot Barn has a 12-month low of $82.67 and a 12-month high of $176.64. The firm has a market capitalization of $3.48 billion, a PE ratio of 20.31, a P/E/G ratio of 1.17 and a beta of 2.07. The firm has a 50 day moving average of $147.53 and a two-hundred day moving average of $147.59.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts predict that Boot Barn will post 5.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction 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 transaction, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in shares of Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after acquiring an additional 6,369 shares during the period. Dale Q Rice Investment Management Ltd purchased a new stake in Boot Barn in the 4th quarter valued at about $1,544,000. Algert Global LLC raised its holdings in Boot Barn by 653.9% in the 3rd quarter. Algert Global LLC now owns 23,001 shares of the company’s stock valued at $3,848,000 after buying an additional 19,950 shares during the period. Blueshift Asset Management LLC purchased a new stake in Boot Barn in the 3rd quarter valued at about $3,343,000. Finally, Stephens Investment Management Group LLC purchased a new stake in Boot Barn in the 4th quarter valued at about $46,699,000.

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.