LPL Financial LLC Acquires 4,663 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

LPL Financial LLC boosted its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 50.2% during the 4th quarter, Holdings Channel reports. The firm owned 13,957 shares of the company’s stock after buying an additional 4,663 shares during the quarter. LPL Financial LLC’s holdings in Boot Barn were worth $2,119,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BOOT. Geode Capital Management LLC grew its stake in shares of Boot Barn by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after buying an additional 6,369 shares in the last quarter. American Century Companies Inc. increased its position in shares of Boot Barn by 22.8% during the fourth quarter. American Century Companies Inc. now owns 493,977 shares of the company’s stock worth $74,996,000 after acquiring an additional 91,705 shares during the period. Franklin Resources Inc. increased its holdings in Boot Barn by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock worth $68,004,000 after purchasing an additional 4,226 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Boot Barn by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company’s stock worth $54,439,000 after buying an additional 5,881 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Boot Barn by 92.3% during the 4th quarter. Jennison Associates LLC now owns 340,550 shares of the company’s stock valued at $51,702,000 after purchasing an additional 163,451 shares during the period.

Wall Street Analysts Forecast Growth

BOOT has been the subject of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and set a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Stephens initiated coverage on Boot Barn in a research note on Wednesday, April 9th. They issued an “overweight” rating and a $100.00 target price for the company. BTIG Research lifted their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, January 13th. KeyCorp upgraded Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Thursday, January 23rd. Finally, Robert W. Baird dropped their price target on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. One research 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 MarketBeat.com, Boot Barn has a consensus rating of “Moderate Buy” and a consensus price target of $175.62.

Boot Barn Price Performance

BOOT stock opened at $97.55 on Tuesday. Boot Barn Holdings, Inc. has a 1 year low of $88.23 and a 1 year high of $176.64. The firm has a market capitalization of $2.98 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75. The business has a 50 day simple moving average of $114.01 and a 200-day simple moving average of $138.05.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. On average, equities research analysts expect 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.