Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Bought by Capital Research Global Investors

Capital Research Global Investors grew its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 32.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,141,821 shares of the company's stock after acquiring an additional 280,892 shares during the period. Capital Research Global Investors owned about 3.73% of Boot Barn worth $173,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Dale Q Rice Investment Management Ltd purchased a new stake in Boot Barn in the 4th quarter worth $1,544,000. Stephens Investment Management Group LLC bought a new position in shares of Boot Barn during the fourth quarter valued at approximately $46,699,000. Alberta Investment Management Corp bought a new stake in shares of Boot Barn during the fourth quarter worth $2,842,000. Charles Schwab Investment Management Inc. lifted its holdings in Boot Barn by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company's stock valued at $54,439,000 after buying an additional 5,881 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Boot Barn by 56.5% in the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company's stock valued at $23,638,000 after purchasing an additional 51,032 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BOOT. StockNews.com cut shares of Boot Barn from a "hold" rating to a "sell" rating in a report on Monday, February 17th. JPMorgan Chase & Co. raised their price objective on Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. BTIG Research boosted their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Robert W. Baird lowered their price target on Boot Barn from $133.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, UBS Group dropped their price objective on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.23.

Boot Barn Stock Performance

Shares of NYSE BOOT traded up $0.45 during midday trading on Friday, reaching $102.63. 819,874 shares of the stock were exchanged, compared to its average volume of 1,018,167. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $176.64. The company has a 50 day simple moving average of $107.13 and a 200 day simple moving average of $134.45. The stock has a market capitalization of $3.14 billion, a P/E ratio of 18.33, a PEG ratio of 1.17 and a beta of 1.75.

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

About Boot Barn

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.