Bryce Point Capital LLC Invests $938,000 in Boot Barn Holdings, Inc. (NYSE:BOOT)

Bryce Point Capital LLC bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,180 shares of the company's stock, valued at approximately $938,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Boot Barn by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company's stock worth $517,686,000 after acquiring an additional 73,089 shares during the last quarter. Wellington Management Group LLP grew its position in Boot Barn by 48.6% during the 4th quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company's stock worth $328,091,000 after purchasing an additional 706,518 shares during the last quarter. State Street Corp increased its stake in Boot Barn by 4.4% in the third quarter. State Street Corp now owns 1,208,345 shares of the company's stock valued at $202,132,000 after purchasing an additional 51,356 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Boot Barn by 13.2% in the fourth quarter. Alliancebernstein L.P. now owns 846,983 shares of the company's stock valued at $128,589,000 after buying an additional 99,029 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Boot Barn by 1.0% during the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock worth $113,150,000 after buying an additional 6,369 shares during the period.

Analyst Ratings Changes

Several research firms have commented on BOOT. Craig Hallum set a $178.00 price objective on Boot Barn in a research note on Friday, January 31st. StockNews.com cut Boot Barn from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. JPMorgan Chase & Co. lifted their price objective on shares of Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Piper Sandler restated an "overweight" rating and set a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. Finally, Bank of America lifted their target price on shares of Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Boot Barn has a consensus rating of "Moderate Buy" and an average target price of $181.92.

Remove Ads

Boot Barn Stock Performance

BOOT traded down $0.86 on Tuesday, hitting $98.68. 286,225 shares of the company were exchanged, compared to its average volume of 791,102. The business's fifty day moving average is $122.65 and its 200 day moving average is $141.22. Boot Barn Holdings, Inc. has a fifty-two week low of $89.84 and a fifty-two week high of $176.64. The firm has a market capitalization of $3.02 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75.

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 for the quarter, topping analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

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.