Farringdon Capital Ltd. Makes New $214,000 Investment in Boot Barn Holdings, Inc. (NYSE:BOOT)

Farringdon Capital Ltd. purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,410 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds have also made changes to their positions in BOOT. Vanguard Group Inc. lifted its position in Boot Barn by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company’s stock worth $517,686,000 after buying an additional 73,089 shares during the period. FMR LLC grew its holdings in Boot Barn by 47.3% in the fourth quarter. FMR LLC now owns 2,211,300 shares of the company’s stock valued at $335,720,000 after purchasing an additional 709,903 shares during the period. Wellington Management Group LLP increased its position in Boot Barn by 48.6% during the fourth quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company’s stock worth $328,091,000 after purchasing an additional 706,518 shares during the last quarter. Alliancebernstein L.P. raised its stake in Boot Barn by 13.2% during the fourth quarter. Alliancebernstein L.P. now owns 846,983 shares of the company’s stock worth $128,589,000 after purchasing an additional 99,029 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Boot Barn by 35.3% in the 4th quarter. Invesco Ltd. now owns 723,743 shares of the company’s stock valued at $109,879,000 after purchasing an additional 188,688 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BOOT shares. Bank of America increased their target price on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. StockNews.com lowered shares of Boot Barn from a “hold” rating to a “sell” rating in a report on Monday, February 17th. BTIG Research increased their price objective 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. Finally, Piper Sandler restated an “overweight” rating and set a $181.00 target price (up previously from $179.00) on shares of Boot Barn in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.62.

Boot Barn Stock Performance

Shares of BOOT opened at $91.55 on Friday. Boot Barn Holdings, Inc. has a one year low of $88.07 and a one year high of $176.64. The stock has a 50-day moving average price of $110.31 and a 200 day moving average price of $136.14. The company has a market capitalization of $2.80 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT) last released its earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. As a group, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal 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.