Kennedy Capital Management LLC Takes Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Kennedy Capital Management LLC purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 116,357 shares of the company’s stock, valued at approximately $17,665,000. Kennedy Capital Management LLC owned approximately 0.38% of Boot Barn at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BOOT. Vanguard Group Inc. raised its stake in Boot Barn by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company’s stock valued at $517,686,000 after purchasing an additional 73,089 shares during the last quarter. FMR LLC grew its holdings in Boot Barn by 47.3% during the 4th quarter. FMR LLC now owns 2,211,300 shares of the company’s stock worth $335,720,000 after acquiring an additional 709,903 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of 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 purchasing an additional 706,518 shares during the last quarter. State Street Corp raised its position in shares of Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after acquiring an additional 51,356 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in Boot Barn by 13.2% in the fourth quarter. Alliancebernstein L.P. now owns 846,983 shares of the company’s stock valued at $128,589,000 after buying an additional 99,029 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have issued reports on BOOT. BTIG Research upped their price target on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Bank of America raised their price objective on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Robert W. Baird lowered their price objective on Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. UBS Group decreased their price objective on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Finally, Craig Hallum set a $178.00 price target on Boot Barn in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $175.62.

Boot Barn Stock Performance

Shares of BOOT stock opened at $103.40 on Thursday. The firm has a market capitalization of $3.16 billion, a PE ratio of 18.46, a P/E/G ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a fifty-two week low of $88.23 and a fifty-two week high of $176.64. The stock’s 50-day simple moving average is $116.79 and its 200-day simple moving average is $139.66.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

About Boot Barn

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.