Deutsche Bank AG Boosts Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Deutsche Bank AG raised its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 56.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,514 shares of the company’s stock after purchasing an additional 9,887 shares during the quarter. Deutsche Bank AG’s holdings in Boot Barn were worth $4,177,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in Boot Barn by 201.8% in the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after purchasing an additional 111 shares during the last quarter. Blue Trust Inc. boosted its holdings in Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Assetmark Inc. boosted its holdings in Boot Barn by 45.2% in the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock valued at $55,000 after purchasing an additional 113 shares during the last quarter. R Squared Ltd purchased a new stake in Boot Barn in the fourth quarter valued at $102,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Boot Barn by 212.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock worth $115,000 after acquiring an additional 509 shares during the period.

Wall Street Analyst Weigh In

BOOT has been the subject of a number of analyst reports. Craig Hallum upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Wednesday, April 23rd. UBS Group upped their price objective on shares of Boot Barn from $156.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. decreased their price objective on shares of Boot Barn from $209.00 to $196.00 and set an “overweight” rating for the company in a research report on Thursday, May 15th. StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Finally, Citigroup upped their price objective on shares of Boot Barn from $137.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.62.

Boot Barn Stock Up 2.6%

BOOT opened at $160.79 on Tuesday. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $176.64. The company has a 50-day moving average price of $108.22 and a 200 day moving average price of $130.33. The company has a market cap of $4.92 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 1.17 and a beta of 1.59.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, May 14th. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.02). Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. The company had revenue of $453.75 million for the quarter, compared to analyst estimates of $458.56 million. During the same quarter last year, the company earned $0.96 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Boot Barn announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 14th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to buy up to 4.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.