In a report released yesterday, Jonathan Komp from Robert W. Baird reiterated a Buy rating on Boot Barn (NYSE: BOOT), with a price target of $32. The company’s shares closed yesterday at $23.23, close to its 52-week high of $26.25.
According to TipRanks.com, Komp is a 5-star analyst with an average return of 20.0% and a 72.5% success rate. Komp covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Wolverine World Wide, and Columbia Sportswear.
Currently, the analyst consensus on Boot Barn is a Moderate Buy with an average price target of $27.33.
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Based on Boot Barn’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $6.86 million. In comparison, last year the company had a net profit of $777K.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Greg Bettinelli, a Director at BOOT sold 40,000 shares for a total of $930,000.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Boot Barn Holdings, Inc. engages in the operation of retail chain stores of western and work-related footwear, apparel, and accessories. The company’s products include boots, jeans, accessories, hats, gifts and home products, and work wear.
