Sterling Capital Management LLC Buys 1,974 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Sterling Capital Management LLC lifted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,637 shares of the company’s stock after purchasing an additional 1,974 shares during the period. Sterling Capital Management LLC owned approximately 0.05% of Boot Barn worth $2,526,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Signaturefd LLC lifted its holdings in Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company’s stock worth $25,000 after buying an additional 111 shares in the last quarter. Blue Trust Inc. raised its position in shares of Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after acquiring an additional 143 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Boot Barn by 45.2% during the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock valued at $55,000 after acquiring an additional 113 shares during the period. R Squared Ltd bought a new position in Boot Barn in the fourth quarter valued at about $102,000. Finally, Smartleaf Asset Management LLC increased its position in Boot Barn by 212.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock worth $115,000 after purchasing an additional 509 shares during the period.

Boot Barn Price Performance

Shares of NYSE BOOT opened at $97.77 on Monday. The business has a 50-day moving average of $114.94 and a 200-day moving average of $138.52. Boot Barn Holdings, Inc. has a fifty-two week low of $88.23 and a fifty-two week high of $176.64. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share 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%. On average, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 price objective (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Robert W. Baird dropped their target price on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. Bank of America raised their price target on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, UBS Group dropped their price objective on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and a consensus target price of $175.62.

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.