Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Bought by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC lifted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,679 shares of the company’s stock after buying an additional 130 shares during the period. Thoroughbred Financial Services LLC’s holdings in Boot Barn were worth $254,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP increased its stake in Boot Barn by 48.6% in the 4th quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company’s stock valued at $328,091,000 after buying an additional 706,518 shares during the period. Stephens Investment Management Group LLC acquired a new position in shares of Boot Barn during the fourth quarter worth about $46,699,000. Proficio Capital Partners LLC purchased a new position in Boot Barn during the fourth quarter worth about $45,177,000. Raymond James Financial Inc. acquired a new stake in Boot Barn in the fourth quarter valued at about $42,440,000. Finally, Artemis Investment Management LLP acquired a new position in Boot Barn during the 4th quarter worth approximately $36,361,000.

Analyst Ratings Changes

Several research firms have recently commented on BOOT. JPMorgan Chase & Co. raised their price target on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 31st. KeyCorp upgraded shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Thursday, January 23rd. BTIG Research increased their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 target price (up from $179.00) on shares of Boot Barn in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.92.

Boot Barn Trading Up 0.1 %

Boot Barn stock opened at $97.83 on Monday. The stock has a 50-day moving average price of $124.04 and a 200 day moving average price of $141.70. Boot Barn Holdings, Inc. has a 52 week low of $89.84 and a 52 week high of $176.64. The stock has a market cap of $2.99 billion, a PE ratio of 17.47, a P/E/G ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. On average, equities analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS 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.