Boot Barn (BOOT) PT Raised to $72 at Jefferies

January 26, 2021 9:03 AM EST
Get Alerts BOOT Hot Sheet
Price: $68.84 +1.18%

Rating Summary:
    9 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 10 | New: 17
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Jefferies analyst Janine Stichter raised the price target on Boot Barn (NYSE: BOOT) to $72.00 (from $68.00) while maintaining a Buy rating.

The analyst commented, "F'3Q results were strong, surpassing initial top and bottom line expectations, as discussed with the pre-announcement here. While the F'3Q results were impressive, we are more intrigued by the strong start to F'4Q with QTD comps up a robust 17%, with the South turning positive. While COVID headwinds remain, the setup of already strong fundamentals + easing compares, along with sq. footage growth opportunity, make fora compelling C'21 story. Lifting target."



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