Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. raised its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,875 shares of the company’s stock after purchasing an additional 8,912 shares during the period. Westwood Holdings Group Inc. owned about 0.69% of Boot Barn worth $32,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC raised its position in Boot Barn by 201.8% in the 4th quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after purchasing 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 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after acquiring an additional 143 shares in the last quarter. Assetmark Inc. raised its position in shares of Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after acquiring an additional 113 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Boot Barn during the 4th quarter worth about $102,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Boot Barn by 212.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock worth $115,000 after acquiring an additional 509 shares in the last quarter.

Analyst Ratings Changes

BOOT has been the topic of several research analyst reports. Piper Sandler raised their target price on Boot Barn from $162.00 to $184.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th. Stephens began coverage on Boot Barn in a research note on Wednesday, April 9th. They set an “overweight” rating and a $100.00 price target on the stock. Robert W. Baird raised their price target on Boot Barn from $140.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, May 15th. StockNews.com downgraded Boot Barn from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Finally, JPMorgan Chase & Co. lowered their target price on Boot Barn from $209.00 to $196.00 and set an “overweight” rating on the stock in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and a consensus price target of $170.62.

Boot Barn Stock Performance

BOOT opened at $160.79 on Tuesday. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $176.64. The business’s fifty day moving average is $108.22 and its two-hundred day moving average is $130.33. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 1.17 and a beta of 1.59.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.02). Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. The company had revenue of $453.75 million during the quarter, compared to analysts’ expectations of $458.56 million. During the same quarter in the prior year, the company earned $0.96 earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year. On average, analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Boot Barn declared that its board has approved a stock buyback plan on Wednesday, May 14th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to purchase up to 4.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Boot Barn 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.