Fmr LLC Has $335.72 Million Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

FMR LLC lifted its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 47.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,211,300 shares of the company's stock after buying an additional 709,903 shares during the period. FMR LLC owned about 7.23% of Boot Barn worth $335,720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Stifel Financial Corp grew its stake in Boot Barn by 5.9% during the 3rd quarter. Stifel Financial Corp now owns 20,592 shares of the company's stock valued at $3,445,000 after acquiring an additional 1,141 shares in the last quarter. State Street Corp boosted its holdings in shares of Boot Barn by 4.4% during the third quarter. State Street Corp now owns 1,208,345 shares of the company's stock worth $202,132,000 after purchasing an additional 51,356 shares during the period. Geode Capital Management LLC grew its position in Boot Barn by 1.0% during the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock valued at $113,150,000 after purchasing an additional 6,369 shares in the last quarter. Coldstream Capital Management Inc. purchased a new position in Boot Barn during the third quarter valued at approximately $212,000. Finally, Franklin Resources Inc. increased its stake in Boot Barn by 1.0% in the 3rd quarter. Franklin Resources Inc. now owns 420,688 shares of the company's stock valued at $68,004,000 after buying an additional 4,226 shares during the period.

Boot Barn Trading Down 2.6 %

Boot Barn stock traded down $2.42 on Wednesday, reaching $89.67. 495,430 shares of the stock were exchanged, compared to its average volume of 1,007,470. Boot Barn Holdings, Inc. has a twelve month low of $88.23 and a twelve month high of $176.64. The firm has a fifty day moving average price of $113.02 and a two-hundred day moving average price of $137.73. The stock has a market cap of $2.74 billion, a PE ratio of 16.01, a PEG ratio of 1.17 and a beta of 1.75.

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Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analyst Ratings Changes

BOOT has been the subject of a number of research reports. KeyCorp raised shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 target price for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Bank of America raised their price target on Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Stephens began coverage on Boot Barn in a report on Wednesday, April 9th. They issued an "overweight" rating and a $100.00 price objective on the stock. Finally, Robert W. Baird reduced their target price on shares of Boot Barn from $190.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $175.62.

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.