Piper Sandler Remains a Buy on Boot Barn (BOOT)

In a report released today, Peter Keith from Piper Sandler maintained a Buy rating on Boot Barn (BOOT – Research Report), with a price target of $184.00. The company’s shares closed yesterday at $132.84.

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According to TipRanks, Keith is a 5-star analyst with an average return of 10.7% and a 53.92% success rate. Keith covers the Consumer Cyclical sector, focusing on stocks such as Sleep Number, Leggett & Platt, and Somnigroup International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Boot Barn with a $153.56 average price target, representing a 15.60% upside. In a report released today, UBS also maintained a Buy rating on the stock with a $210.00 price target.

Based on Boot Barn’s latest earnings release for the quarter ending December 28, the company reported a quarterly revenue of $608.17 million and a net profit of $75.07 million. In comparison, last year the company earned a revenue of $520.4 million and had a net profit of $55.62 million