Boot Barn Holdings, Inc. (NYSE:BOOT) Stake Raised by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 420,688 shares of the company's stock after acquiring an additional 4,226 shares during the period. Franklin Resources Inc. owned about 1.38% of Boot Barn worth $68,004,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BOOT. GHP Investment Advisors Inc. acquired a new position in Boot Barn during the 3rd quarter worth $25,000. Canada Pension Plan Investment Board acquired a new stake in Boot Barn in the second quarter worth about $64,000. 1620 Investment Advisors Inc. bought a new position in Boot Barn in the 2nd quarter valued at about $84,000. GAMMA Investing LLC increased its stake in Boot Barn by 100.8% during the 3rd quarter. GAMMA Investing LLC now owns 534 shares of the company's stock valued at $89,000 after buying an additional 268 shares during the period. Finally, USA Financial Formulas acquired a new position in Boot Barn during the 3rd quarter valued at about $92,000.

Boot Barn Stock Performance

Shares of NYSE:BOOT traded up $0.13 during midday trading on Tuesday, reaching $149.02. The company had a trading volume of 522,516 shares, compared to its average volume of 762,254. The company has a fifty day simple moving average of $145.26 and a two-hundred day simple moving average of $139.77. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 29.90 and a beta of 2.14. Boot Barn Holdings, Inc. has a 1-year low of $68.37 and a 1-year high of $169.83.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The company had revenue of $425.80 million during the quarter, compared to analysts' expectations of $424.42 million. During the same period last year, the company posted $0.91 earnings per share. The business's revenue for the quarter was up 13.7% on a year-over-year basis. Analysts expect that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Analyst Ratings Changes

BOOT has been the subject of a number of research analyst reports. Robert W. Baird raised shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price target for the company in a research note on Wednesday, October 30th. BTIG Research increased their price target on Boot Barn from $165.00 to $185.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Benchmark reiterated a "buy" rating and set a $192.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Williams Trading restated a "buy" rating and issued a $173.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Finally, UBS Group raised their target price on Boot Barn from $127.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Boot Barn currently has an average rating of "Moderate Buy" and a consensus price target of $164.55.

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.