Blueshift Asset Management LLC Invests $3.34 Million in Boot Barn Holdings, Inc. (NYSE:BOOT)

Blueshift Asset Management LLC acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,982 shares of the company's stock, valued at approximately $3,343,000. Boot Barn makes up 0.8% of Blueshift Asset Management LLC's investment portfolio, making the stock its 16th largest holding. Blueshift Asset Management LLC owned approximately 0.07% of Boot Barn at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Public Sector Pension Investment Board grew its holdings in Boot Barn by 7.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 66,902 shares of the company's stock worth $8,626,000 after acquiring an additional 4,785 shares in the last quarter. Raymond James & Associates grew its holdings in Boot Barn by 1.8% during the 2nd quarter. Raymond James & Associates now owns 49,263 shares of the company's stock worth $6,351,000 after acquiring an additional 875 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Boot Barn during the 2nd quarter worth approximately $554,000. Algert Global LLC grew its holdings in Boot Barn by 653.9% during the 3rd quarter. Algert Global LLC now owns 23,001 shares of the company's stock worth $3,848,000 after acquiring an additional 19,950 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV acquired a new position in Boot Barn during the 2nd quarter worth approximately $255,000.

Analysts Set New Price Targets

Several research analysts have commented on BOOT shares. Benchmark reiterated a "buy" rating and set a $192.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Citigroup lowered their price target on shares of Boot Barn from $194.00 to $178.00 and set a "buy" rating for the company in a report on Tuesday, October 29th. UBS Group boosted their price objective on shares of Boot Barn from $127.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. Piper Sandler restated an "overweight" rating and set a $179.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, Williams Trading restated a "buy" rating and set a $173.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $164.55.

Boot Barn Trading Down 1.9 %

BOOT stock traded down $2.60 on Wednesday, hitting $136.23. The company's stock had a trading volume of 649,734 shares, compared to its average volume of 772,688. The firm has a 50 day moving average of $150.87 and a two-hundred day moving average of $136.47. Boot Barn Holdings, Inc. has a 1 year low of $68.37 and a 1 year high of $169.83. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 27.54 and a beta of 2.16.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.02. The company had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. Boot Barn's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

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.