Intech Investment Management LLC Increases Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Intech Investment Management LLC raised its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 128.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,147 shares of the company's stock after purchasing an additional 5,149 shares during the period. Intech Investment Management LLC's holdings in Boot Barn were worth $1,530,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BOOT. Janus Henderson Group PLC raised its position in Boot Barn by 1,212.4% during the first quarter. Janus Henderson Group PLC now owns 285,174 shares of the company's stock valued at $27,134,000 after purchasing an additional 263,444 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Boot Barn in the second quarter worth about $19,532,000. Westwood Holdings Group Inc. increased its holdings in shares of Boot Barn by 29.4% in the first quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company's stock worth $51,918,000 after buying an additional 124,060 shares during the period. F M Investments LLC purchased a new position in shares of Boot Barn in the second quarter worth about $14,888,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Boot Barn in the third quarter worth about $5,931,000.

Boot Barn Trading Down 4.6 %

Boot Barn stock traded down $6.62 during trading hours on Tuesday, hitting $138.83. 1,159,867 shares of the stock traded hands, compared to its average volume of 773,215. The firm's 50-day moving average price is $151.23 and its two-hundred day moving average price is $136.23. The company has a market cap of $4.24 billion, a PE ratio of 27.80 and a beta of 2.16. Boot Barn Holdings, Inc. has a one year low of $68.37 and a one year high of $169.83.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.95 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 firm had revenue of $425.80 million for the quarter, compared to analysts' expectations of $424.42 million. During the same period in the previous year, the firm posted $0.91 EPS. The business's revenue for the quarter was up 13.7% compared to the same quarter last year. On average, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on BOOT shares. Citigroup decreased their price objective on Boot Barn from $194.00 to $178.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. Craig Hallum downgraded Boot Barn from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $154.00 to $162.00 in a report on Friday, October 25th. UBS Group lifted their price objective on Boot Barn from $127.00 to $165.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. BTIG Research boosted their price target on Boot Barn from $165.00 to $185.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price target on Boot Barn from $160.00 to $181.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $164.55.

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.