Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 1.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 352,698 shares of the company's stock after purchasing an additional 6,335 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.16% of Boot Barn worth $58,999,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Thrivent Financial for Lutherans lifted its position in shares of Boot Barn by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company's stock worth $82,895,000 after purchasing an additional 1,834 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Boot Barn by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 259,885 shares of the company's stock worth $33,507,000 after buying an additional 9,126 shares during the period. Tributary Capital Management LLC increased its stake in shares of Boot Barn by 0.3% during the second quarter. Tributary Capital Management LLC now owns 218,817 shares of the company's stock worth $28,212,000 after buying an additional 649 shares during the period. Principal Financial Group Inc. increased its stake in shares of Boot Barn by 14.3% during the second quarter. Principal Financial Group Inc. now owns 217,387 shares of the company's stock worth $28,028,000 after buying an additional 27,228 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Boot Barn during the second quarter worth approximately $19,532,000.

Boot Barn Price Performance

Shares of BOOT traded up $0.91 during mid-day trading on Friday, reaching $137.14. 337,531 shares of the company's stock were exchanged, compared to its average volume of 770,804. The stock has a market capitalization of $4.19 billion, a PE ratio of 27.59 and a beta of 2.16. The business's fifty day simple moving average is $149.17 and its 200-day simple moving average is $136.68. Boot Barn Holdings, Inc. has a 52-week low of $68.37 and a 52-week high of $169.83.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.02. The business had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The company's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. Equities research analysts predict that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current year.

Wall Street Analyst Weigh In

BOOT has been the topic of a number of recent research reports. BTIG Research upped their target price on shares of Boot Barn from $165.00 to $185.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Craig Hallum lowered shares of Boot Barn from a "buy" rating to a "hold" rating and upped their target price for the stock from $154.00 to $162.00 in a research note on Friday, October 25th. Robert W. Baird upgraded shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 target price on the stock in a research note on Wednesday, October 30th. Benchmark restated a "buy" rating and set a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. Finally, Citigroup dropped their price target on shares of Boot Barn from $194.00 to $178.00 and set a "buy" rating on the stock in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $164.55.

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.