Entropy Technologies LP Acquires Shares of 4,301 Boot Barn Holdings, Inc. (NYSE:BOOT)

Entropy Technologies LP bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,301 shares of the company's stock, valued at approximately $719,000.

Other large investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. bought a new position in shares of Boot Barn in the 3rd quarter worth $25,000. GAMMA Investing LLC increased its stake in Boot Barn by 111.1% in the second quarter. GAMMA Investing LLC now owns 266 shares of the company's stock valued at $34,000 after acquiring an additional 140 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Boot Barn during the second quarter worth about $64,000. 1620 Investment Advisors Inc. purchased a new position in shares of Boot Barn in the 2nd quarter worth about $84,000. Finally, USA Financial Formulas bought a new position in shares of Boot Barn during the 3rd quarter valued at about $92,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BOOT shares. UBS Group boosted their target price on Boot Barn from $127.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price objective on shares of Boot Barn from $160.00 to $181.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Benchmark restated a "buy" rating and set a $192.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Baird R W upgraded Boot Barn from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 30th. Finally, Robert W. Baird raised Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price objective for the company in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given 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 has a consensus rating of "Moderate Buy" and a consensus target price of $164.55.

Boot Barn Price Performance

BOOT traded up $2.09 on Friday, hitting $135.02. The company had a trading volume of 678,210 shares, compared to its average volume of 772,683. Boot Barn Holdings, Inc. has a 52-week low of $68.37 and a 52-week high of $169.83. The stock has a fifty day simple moving average of $152.90 and a 200-day simple moving average of $134.28. The firm has a market capitalization of $4.12 billion, a P/E ratio of 26.70 and a beta of 2.16.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. During the same quarter in the prior year, the company earned $0.91 earnings per share. The firm's quarterly revenue was up 13.7% compared to the same quarter last year. Equities research analysts expect that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal 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.