Boot Barn Holdings, Inc. $BOOT Holdings Increased by Simplicity Wealth LLC

Simplicity Wealth LLC boosted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 136.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,559 shares of the company’s stock after acquiring an additional 4,941 shares during the quarter. Simplicity Wealth LLC’s holdings in Boot Barn were worth $1,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Boot Barn during the second quarter valued at $840,629,000. Congress Asset Management Co. grew its holdings in shares of Boot Barn by 0.9% in the 3rd quarter. Congress Asset Management Co. now owns 804,659 shares of the company’s stock worth $96,937,000 after purchasing an additional 7,040 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Boot Barn by 12.2% in the 2nd quarter. Wellington Management Group LLP now owns 773,749 shares of the company’s stock worth $127,104,000 after purchasing an additional 84,250 shares during the last quarter. Bank of America Corp DE increased its position in shares of Boot Barn by 114.6% during the 1st quarter. Bank of America Corp DE now owns 655,374 shares of the company’s stock worth $95,921,000 after purchasing an additional 349,985 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Boot Barn by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 645,342 shares of the company’s stock worth $94,440,000 after purchasing an additional 9,816 shares in the last quarter.

Boot Barn Trading Down 2.5%

Shares of NYSE:BOOT opened at $111.37 on Wednesday. The company has a 50 day moving average of $133.39 and a 200-day moving average of $159.40. Boot Barn Holdings, Inc. has a one year low of $110.53 and a one year high of $210.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.60. The business had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. During the same quarter in the prior year, the company earned $1.74 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Research analysts forecast that Boot Barn Holdings, Inc. will post 9.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BOOT has been the subject of several analyst reports. Robert W. Baird cut their price target on shares of Boot Barn from $212.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, September 29th. Craig Hallum decreased their price objective on shares of Boot Barn from $235.00 to $224.00 and set a “buy” rating on the stock in a research note on Tuesday, September 29th. Needham & Company LLC began coverage on shares of Boot Barn in a report on Friday, October 16th. They set a “buy” rating and a $150.00 price objective for the company. UBS Group dropped their price objective on shares of Boot Barn from $272.00 to $232.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. Finally, Weiss Ratings cut shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $204.77.

Boot Barn Profile

Boot Barn Holdings, Inc is a specialty retailer focused on Western and work-related apparel, footwear and accessories. The company sells products including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.