Boot Barn (NYSE:BOOT) Given New $145.00 Price Target at TD Cowen (2024)

Boot Barn (NYSE:BOOT – Free Report) had its price objective hoisted by TD Cowen from $120.00 to $145.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

BOOT has been the subject of several other reports. Robert W. Baird upped their price objective on shares of Boot Barn from $90.00 to $100.00 and gave the stock a neutral rating in a report on Wednesday, May 15th. KeyCorp assumed coverage on shares of Boot Barn in a report on Wednesday, February 7th. They issued a sector weight rating for the company. Piper Sandler increased their price target on shares of Boot Barn from $94.00 to $110.00 and gave the company an overweight rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price target on shares of Boot Barn from $115.00 to $125.00 and gave the company an overweight rating in a report on Tuesday, May 21st. Finally, Craig Hallum increased their price target on shares of Boot Barn from $95.00 to $120.00 and gave the company a buy rating in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Boot Barn has a consensus rating of Moderate Buy and a consensus price target of $117.73.

Check Out Our Latest Stock Analysis on BOOT

Boot Barn Trading Up 0.0 %

NYSE BOOT opened at $128.69 on Wednesday. The company has a fifty day simple moving average of $105.88 and a 200 day simple moving average of $89.05. The company has a market cap of $3.91 billion, a P/E ratio of 26.83 and a beta of 2.16. Boot Barn has a 1 year low of $66.73 and a 1 year high of $131.85.

Insider Activity

In related news, Director Brenda I. Morris sold 1,500 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $110.11, for a total transaction of $165,165.00. Following the completion of the sale, the director now owns 4,546 shares in the company, valued at approximately $500,560.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Brenda I. Morris sold 1,500 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $110.11, for a total transaction of $165,165.00. Following the completion of the sale, the director now owns 4,546 shares in the company, valued at approximately $500,560.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael A. Love sold 5,653 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $113.61, for a total transaction of $642,237.33. Following the sale, the insider now owns 2,327 shares of the company’s stock, valued at approximately $264,370.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,795 shares of company stock worth $1,329,686. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Boot Barn

Hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System bought a new stake in Boot Barn during the 4th quarter worth about $1,167,000. Eagle Asset Management Inc. grew its holdings in Boot Barn by 17.6% during the 4th quarter. Eagle Asset Management Inc. now owns 337,335 shares of the company’s stock worth $25,894,000 after acquiring an additional 50,577 shares during the last quarter. Prevail Innovative Wealth Advisors LLC grew its holdings in Boot Barn by 60.0% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 28,522 shares of the company’s stock worth $2,189,000 after acquiring an additional 10,699 shares during the last quarter. Aigen Investment Management LP grew its holdings in Boot Barn by 96.4% during the 4th quarter. Aigen Investment Management LP now owns 23,629 shares of the company’s stock worth $1,814,000 after acquiring an additional 11,596 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Boot Barn by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 320,258 shares of the company’s stock worth $24,583,000 after acquiring an additional 13,168 shares during the last quarter.

About Boot Barn

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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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