Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Holdings Lessened by Jennison Associates LLC

Jennison Associates LLC lowered its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 28.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 177,099 shares of the company's stock after selling 69,547 shares during the period. Jennison Associates LLC owned about 0.58% of Boot Barn worth $29,625,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Boot Barn in the 3rd quarter worth about $5,931,000. Thrivent Financial for Lutherans increased its holdings in Boot Barn by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company's stock valued at $82,895,000 after buying an additional 1,834 shares during the last quarter. KBC Group NV raised its stake in Boot Barn by 23.3% during the third quarter. KBC Group NV now owns 951 shares of the company's stock valued at $159,000 after buying an additional 180 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Boot Barn by 51.1% during the 3rd quarter. Victory Capital Management Inc. now owns 14,362 shares of the company's stock worth $2,402,000 after buying an additional 4,856 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Boot Barn in the 3rd quarter worth approximately $719,000.

Boot Barn Price Performance

Shares of NYSE BOOT traded up $1.36 during midday trading on Friday, reaching $137.65. 376,214 shares of the company traded hands, compared to its average volume of 768,832. The stock has a 50-day moving average price of $151.76 and a 200 day moving average price of $135.27. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 27.37 and a beta of 2.16. Boot Barn Holdings, Inc. has a 52 week low of $68.37 and a 52 week high of $169.83.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results 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 for 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 revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. As a group, analysts expect that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Williams Trading reissued a "buy" rating and set a $173.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Benchmark restated a "buy" rating and issued a $192.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Piper Sandler reaffirmed an "overweight" rating and issued a $179.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. BTIG Research increased their price objective on shares of Boot Barn from $165.00 to $185.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Finally, UBS Group lifted their target price on Boot Barn from $127.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.55.

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.