Commonwealth Equity Services LLC Buys 810 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Commonwealth Equity Services LLC increased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 64.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,062 shares of the company’s stock after buying an additional 810 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Boot Barn were worth $313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its holdings in 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 during the last quarter. Assetmark Inc. boosted its holdings in Boot Barn by 45.2% during the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock worth $55,000 after purchasing an additional 113 shares during the last quarter. R Squared Ltd bought a new stake in Boot Barn in the 4th quarter worth about $102,000. Smartleaf Asset Management LLC increased its stake in Boot Barn by 212.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock valued at $115,000 after buying an additional 509 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in Boot Barn in the 4th quarter valued at about $162,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 31st. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Thursday, January 23rd. BTIG Research increased their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Robert W. Baird decreased their price objective on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $181.00 target price (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.92.

Boot Barn Trading Up 1.1 %

Boot Barn stock opened at $98.86 on Tuesday. The firm has a 50 day simple moving average of $122.65 and a 200 day simple moving average of $141.22. Boot Barn Holdings, Inc. has a 1-year low of $89.84 and a 1-year high of $176.64. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 17.65, a P/E/G 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, 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%. On average, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

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.