Alliancebernstein L.P. Raises Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Alliancebernstein L.P. lifted its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 846,983 shares of the company's stock after acquiring an additional 99,029 shares during the period. Alliancebernstein L.P. owned approximately 2.77% of Boot Barn worth $128,589,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BOOT. Signaturefd LLC raised its holdings in shares of Boot Barn by 201.8% during 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. lifted its holdings in shares of Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after buying an additional 143 shares during the period. Assetmark Inc. lifted its holdings in shares of Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock valued at $55,000 after buying an additional 113 shares during the period. R Squared Ltd purchased a new position in shares of Boot Barn in the 4th quarter worth $102,000. Finally, Smartleaf Asset Management LLC grew its holdings 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.

Boot Barn Trading Up 1.1 %

BOOT traded up $1.04 on Monday, hitting $98.86. 1,975,796 shares of the company's stock traded hands, compared to its average volume of 793,469. The company's 50 day simple moving average is $122.65 and its 200-day simple moving average is $141.22. Boot Barn Holdings, Inc. has a one year low of $89.84 and a one year high of $176.64. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 1.17 and a beta of 1.75.

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Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analyst Ratings Changes

BOOT has been the subject of a number of recent research reports. Bank of America boosted their price target on Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Robert W. Baird reduced their target price on shares of Boot Barn from $190.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. Piper Sandler reiterated an "overweight" rating and set a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. KeyCorp raised shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price objective for the company in a research report on Thursday, January 23rd. Finally, StockNews.com cut Boot Barn from a "hold" rating to a "sell" rating in a report on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boot Barn currently has an average rating of "Moderate Buy" and an average target price of $181.92.

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.