Dynamic Technology Lab Private Ltd Has $1.58 Million Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Dynamic Technology Lab Private Ltd lifted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 81.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,446 shares of the company's stock after purchasing an additional 4,242 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Boot Barn were worth $1,580,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co raised its stake in Boot Barn by 2.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 32,001 shares of the company's stock valued at $3,045,000 after purchasing an additional 788 shares in the last quarter. 1832 Asset Management L.P. bought a new stake in shares of Boot Barn during the 1st quarter worth approximately $287,000. Price T Rowe Associates Inc. MD boosted its position in shares of Boot Barn by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,722 shares of the company's stock worth $1,782,000 after acquiring an additional 1,188 shares in the last quarter. Bayesian Capital Management LP increased its stake in Boot Barn by 208.4% in the first quarter. Bayesian Capital Management LP now owns 11,691 shares of the company's stock valued at $1,112,000 after acquiring an additional 7,900 shares during the last quarter. Finally, Kennedy Capital Management LLC acquired a new position in Boot Barn during the first quarter valued at approximately $230,000.

Boot Barn Stock Performance

Shares of NYSE:BOOT traded down $6.62 during trading on Tuesday, reaching $138.83. The stock had a trading volume of 1,159,867 shares, compared to its average volume of 773,215. Boot Barn Holdings, Inc. has a 52 week low of $68.37 and a 52 week high of $169.83. The firm's fifty day moving average is $151.23 and its 200 day moving average is $136.23. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 27.80 and a beta of 2.16.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BOOT. Robert W. Baird raised Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 target price on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on Boot Barn from $160.00 to $181.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Citigroup lowered their target price 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. Craig Hallum downgraded shares of Boot Barn from a "buy" rating to a "hold" rating and raised their price target for the company from $154.00 to $162.00 in a research note on Friday, October 25th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $179.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.55.

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.