Dynamic Technology Lab Private Ltd increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 30.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,349 shares of the company's stock after purchasing an additional 2,903 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Boot Barn were worth $1,875,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in Boot Barn by 16.9% during the 4th quarter. Wells Fargo & Company MN now owns 45,934 shares of the company's stock valued at $6,974,000 after purchasing an additional 6,646 shares during the period. Thoroughbred Financial Services LLC grew its position in shares of Boot Barn by 8.4% during the fourth quarter. Thoroughbred Financial Services LLC now owns 1,679 shares of the company's stock worth $254,000 after acquiring an additional 130 shares during the last quarter. Cinctive Capital Management LP bought a new position in shares of Boot Barn during the fourth quarter worth about $4,841,000. Bryce Point Capital LLC bought a new stake in Boot Barn in the 4th quarter valued at about $938,000. Finally, Huntington National Bank boosted its stake in Boot Barn by 54.5% during the 4th quarter. Huntington National Bank now owns 794 shares of the company's stock valued at $121,000 after purchasing an additional 280 shares during the period.
Analysts Set New Price Targets
A number of research firms have recently weighed in on BOOT. Piper Sandler reaffirmed an "overweight" rating and set a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a report on Friday, January 31st. BTIG Research increased their price target on Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Craig Hallum set a $178.00 target price on shares of Boot Barn in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Robert W. Baird lowered their price objective on shares of Boot Barn from $190.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Boot Barn presently has an average rating of "Moderate Buy" and a consensus price target of $175.62.
Check Out Our Latest Stock Report on Boot Barn
Boot Barn Stock Performance
BOOT traded down $6.32 during trading on Thursday, reaching $97.37. The company had a trading volume of 657,396 shares, compared to its average volume of 800,275. Boot Barn Holdings, Inc. has a 12-month low of $88.23 and a 12-month high of $176.64. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.17 and a beta of 1.75. The firm's 50-day simple moving average is $116.79 and its 200 day simple moving average is $139.66.
Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results 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, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.
About Boot Barn
(
Free Report)
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.
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