Citigroup Inc. Has $9.68 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Citigroup Inc. increased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 37.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,870 shares of the company's stock after buying an additional 15,673 shares during the quarter. Citigroup Inc. owned about 0.19% of Boot Barn worth $9,680,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new stake in shares of Boot Barn during the second quarter valued at approximately $19,532,000. F M Investments LLC bought a new stake in Boot Barn during the 2nd quarter valued at $14,888,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Boot Barn during the 3rd quarter worth $5,931,000. Sei Investments Co. grew its stake in shares of Boot Barn by 39.3% in the second quarter. Sei Investments Co. now owns 102,933 shares of the company's stock worth $13,271,000 after purchasing an additional 29,049 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings 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 valued at $28,028,000 after purchasing an additional 27,228 shares during the period.

Analyst Ratings Changes

A number of brokerages recently issued reports on BOOT. Piper Sandler reiterated an "overweight" rating and issued a $179.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Williams Trading reiterated a "buy" rating and issued a $173.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Baird R W raised Boot Barn from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 30th. Benchmark reaffirmed a "buy" rating and set a $192.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Finally, Citigroup lowered their price target on Boot Barn from $194.00 to $178.00 and set a "buy" rating on the stock in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.55.

Boot Barn Trading Up 0.7 %

Shares of BOOT opened at $137.14 on Friday. The business's 50-day moving average price is $149.17 and its 200 day moving average price is $136.68. The stock has a market capitalization of $4.19 billion, a P/E ratio of 27.59 and a beta of 2.16. Boot Barn Holdings, Inc. has a 1-year low of $68.37 and a 1-year high of $169.83.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.02. The business had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The firm's quarterly revenue 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. On average, research analysts predict that Boot Barn Holdings, Inc. will post 5.48 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.