Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 5.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,792 shares of the company's stock after buying an additional 4,585 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.30% of Boot Barn worth $15,188,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Capital Research Global Investors purchased a new stake in Boot Barn in the 1st quarter worth $32,779,000. Janus Henderson Group PLC increased its stake in shares of Boot Barn by 1,212.4% during the first quarter. Janus Henderson Group PLC now owns 285,174 shares of the company's stock worth $27,134,000 after purchasing an additional 263,444 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Boot Barn during the 2nd quarter worth about $19,532,000. Westwood Holdings Group Inc. lifted its stake in Boot Barn by 29.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company's stock valued at $51,918,000 after buying an additional 124,060 shares in the last quarter. Finally, F M Investments LLC acquired a new stake in Boot Barn in the 2nd quarter worth about $14,888,000.

Wall Street Analyst Weigh In

BOOT has been the subject of a number of research analyst reports. Piper Sandler reissued an "overweight" rating and set a $179.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. Citigroup reduced their price objective on Boot Barn from $194.00 to $178.00 and set a "buy" rating for the company in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lifted their target price on shares of Boot Barn from $160.00 to $181.00 and gave the stock an "overweight" 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 report on Friday, October 25th. Finally, Benchmark reissued a "buy" rating and issued a $192.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $164.55.

Boot Barn Trading Up 2.7 %

NYSE BOOT traded up $3.64 during trading hours on Thursday, reaching $136.29. The company had a trading volume of 592,807 shares, compared to its average volume of 770,568. Boot Barn Holdings, Inc. has a 1-year low of $68.37 and a 1-year high of $169.83. The stock has a market capitalization of $4.16 billion, a P/E ratio of 27.37 and a beta of 2.16. The stock has a 50-day moving average of $151.76 and a 200 day moving average of $135.27.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.02. The firm had revenue of $425.80 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $0.91 EPS. As a group, sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS 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.