Franklin Resources Inc. Increases Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Franklin Resources Inc. grew its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 21.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 509,311 shares of the company's stock after acquiring an additional 88,623 shares during the period. Franklin Resources Inc. owned 1.66% of Boot Barn worth $77,324,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Louisiana State Employees Retirement System raised its holdings in Boot Barn by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company's stock worth $2,247,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System raised its stake in shares of Boot Barn by 1.1% in the fourth quarter. Arizona State Retirement System now owns 8,853 shares of the company's stock worth $1,344,000 after buying an additional 100 shares during the period. Signaturefd LLC lifted its position in shares of Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after buying an additional 111 shares in the last quarter. Assetmark Inc. grew its stake in shares of Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock valued at $55,000 after acquiring an additional 113 shares during the period. Finally, OLD National Bancorp IN increased its holdings in Boot Barn by 6.2% in the 4th quarter. OLD National Bancorp IN now owns 2,230 shares of the company's stock worth $339,000 after acquiring an additional 130 shares in the last quarter.

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Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BOOT shares. JPMorgan Chase & Co. upped their price target on shares of Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Piper Sandler restated an "overweight" rating and set a $181.00 target price (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. UBS Group cut their price target on Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. KeyCorp upgraded Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price objective on the stock in a research report on Thursday, January 23rd. Finally, Bank of America increased their target price on Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Boot Barn has an average rating of "Moderate Buy" and an average price target of $181.92.

Boot Barn Trading Up 0.3 %

BOOT traded up $0.26 during trading hours on Tuesday, hitting $99.80. The company's stock had a trading volume of 237,170 shares, compared to its average volume of 790,978. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 17.82, a P/E/G ratio of 1.17 and a beta of 1.75. The business's 50-day moving average price is $122.65 and its 200-day moving average price is $141.22. Boot Barn Holdings, Inc. has a 12 month low of $89.84 and a 12 month high of $176.64.

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

Boot Barn 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.