Grandeur Peak Global Advisors LLC Buys Shares of 48,187 Boot Barn Holdings, Inc. (NYSE:BOOT)

Grandeur Peak Global Advisors LLC bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 48,187 shares of the company's stock, valued at approximately $7,316,000. Grandeur Peak Global Advisors LLC owned 0.16% of Boot Barn as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC lifted its position in Boot Barn by 13.5% during the fourth quarter. Sterling Capital Management LLC now owns 16,637 shares of the company's stock valued at $2,526,000 after purchasing an additional 1,974 shares in the last quarter. Kennedy Capital Management LLC purchased a new position in shares of Boot Barn during the 4th quarter valued at about $17,665,000. CenterBook Partners LP grew its stake in shares of Boot Barn by 835.4% during the 4th quarter. CenterBook Partners LP now owns 43,223 shares of the company's stock valued at $6,562,000 after acquiring an additional 38,602 shares during the period. Raymond James Financial Inc. bought a new position in shares of Boot Barn in the fourth quarter worth approximately $42,440,000. Finally, Greenland Capital Management LP bought a new stake in shares of Boot Barn during the 4th quarter valued at $1,647,000.

Analyst Ratings Changes

Several equities analysts have recently commented on BOOT shares. BTIG Research boosted their price objective on Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. upped their target price 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 reiterated an "overweight" rating and issued a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. Stephens started coverage on Boot Barn in a research report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 price objective for the company. Finally, KeyCorp upgraded Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 target price on the stock in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $175.62.

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Boot Barn Price Performance

Shares of NYSE:BOOT traded down $6.11 during trading hours on Tuesday, hitting $91.74. 1,106,373 shares of the company's stock traded hands, compared to its average volume of 805,167. The firm has a market capitalization of $2.81 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75. The business has a fifty day moving average price of $113.02 and a 200-day moving average price of $137.73. Boot Barn Holdings, Inc. has a 1 year low of $88.23 and a 1 year high of $176.64.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. As a group, equities analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current 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.