Boot Barn Holdings, Inc. (NYSE:BOOT) Short Interest Up 34.9% in February

Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 3,130,000 shares, a growth of 34.9% from the January 31st total of 2,320,000 shares. Based on an average daily volume of 800,700 shares, the short-interest ratio is currently 3.9 days.

Boot Barn Trading Down 6.9 %

Shares of NYSE BOOT traded down $8.09 during mid-day trading on Friday, reaching $108.61. 1,326,080 shares of the company's stock were exchanged, compared to its average volume of 751,075. The business has a fifty day simple moving average of $146.05 and a 200 day simple moving average of $147.14. Boot Barn has a twelve month low of $82.67 and a twelve month high of $176.64. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.17 and a beta of 2.07.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. Equities research analysts predict that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BOOT. Piper Sandler reaffirmed an "overweight" rating and issued a $181.00 target price (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Bank of America raised their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. BTIG Research upped their target price 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. UBS Group reduced their price target on Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Finally, Craig Hallum set a $178.00 price objective on Boot Barn in a research note on Friday, January 31st. One 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $181.92.

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Insider Buying and Selling

In related news, CEO John Hazen sold 6,311 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the transaction, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Boot Barn

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOOT. Vanguard Group Inc. lifted its holdings in shares of Boot Barn by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company's stock valued at $517,686,000 after purchasing an additional 73,089 shares in the last quarter. FMR LLC raised its position in Boot Barn by 47.3% in the 4th quarter. FMR LLC now owns 2,211,300 shares of the company's stock valued at $335,720,000 after buying an additional 709,903 shares during the last quarter. Wellington Management Group LLP lifted its stake in Boot Barn by 48.6% in the 4th quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company's stock valued at $328,091,000 after acquiring an additional 706,518 shares in the last quarter. State Street Corp boosted its position in Boot Barn by 4.4% during the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company's stock worth $202,132,000 after acquiring an additional 51,356 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in shares of Boot Barn by 32.6% during the 4th quarter. Capital Research Global Investors now owns 1,141,821 shares of the company's stock worth $173,351,000 after acquiring an additional 280,892 shares in the last quarter.

Boot Barn Company 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.