Shaker Investments LLC OH Has $1.29 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Shaker Investments LLC OH grew its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 19.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,725 shares of the company’s stock after purchasing an additional 1,273 shares during the quarter. Shaker Investments LLC OH’s holdings in Boot Barn were worth $1,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BOOT. Kings Path Partners LLC increased its position in Boot Barn by 2.7% during the 3rd quarter. Kings Path Partners LLC now owns 5,430 shares of the company’s stock worth $908,000 after purchasing an additional 142 shares in the last quarter. USA Financial Formulas acquired a new stake in Boot Barn in the third quarter valued at approximately $92,000. GAMMA Investing LLC increased its holdings in shares of Boot Barn by 100.8% during the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after buying an additional 268 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Boot Barn by 34.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 9,300 shares of the company’s stock valued at $1,556,000 after acquiring an additional 2,400 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Boot Barn by 58.4% during the 3rd quarter. SG Americas Securities LLC now owns 6,967 shares of the company’s stock valued at $1,165,000 after acquiring an additional 2,568 shares in the last quarter.

Wall Street Analyst Weigh In

BOOT has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Boot Barn from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Robert W. Baird upped their price objective on Boot Barn from $140.00 to $167.00 and gave the company a “neutral” rating in a research note on Tuesday, October 1st. Piper Sandler lifted their target price on shares of Boot Barn from $144.00 to $147.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. UBS Group upped their price target on shares of Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Finally, Benchmark lifted their price target on shares of Boot Barn from $140.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Boot Barn has a consensus rating of “Moderate Buy” and an average target price of $149.00.

Boot Barn Stock Performance

NYSE:BOOT opened at $159.36 on Friday. The firm’s fifty day moving average is $147.51 and its 200-day moving average is $126.93. Boot Barn Holdings, Inc. has a 52 week low of $66.73 and a 52 week high of $169.07. The firm has a market cap of $4.84 billion, a P/E ratio of 33.20 and a beta of 2.12.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The company had revenue of $423.40 million for the quarter, compared to analyst estimates of $415.04 million. During the same period in the prior year, the firm posted $1.11 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.29 earnings per share for the current year.

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.