Invesco Ltd. Boosts Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Invesco Ltd. increased its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 35.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 723,743 shares of the company's stock after buying an additional 188,688 shares during the period. Invesco Ltd. owned about 2.37% of Boot Barn worth $109,879,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Stifel Financial Corp increased its position in shares of Boot Barn by 5.9% during the third quarter. Stifel Financial Corp now owns 20,592 shares of the company's stock worth $3,445,000 after acquiring an additional 1,141 shares during the period. Geode Capital Management LLC increased its holdings in Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock worth $113,150,000 after purchasing an additional 6,369 shares during the period. Coldstream Capital Management Inc. acquired a new stake in Boot Barn in the 3rd quarter valued at about $212,000. Franklin Resources Inc. raised its position 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 purchasing an additional 4,226 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Boot Barn by 56.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company's stock valued at $23,638,000 after buying an additional 51,032 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BOOT shares. JPMorgan Chase & Co. lifted their price target on shares of Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. StockNews.com cut shares of Boot Barn from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Robert W. Baird dropped their target price on Boot Barn from $190.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. KeyCorp raised Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price target for the company in a report on Thursday, January 23rd. Finally, Bank of America raised 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Boot Barn currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.62.

Boot Barn Trading Up 2.0 %

Shares of Boot Barn stock traded up $1.82 during trading on Friday, reaching $91.55. The company's stock had a trading volume of 826,962 shares, compared to its average volume of 808,506. The company has a 50-day moving average price of $111.09 and a two-hundred day moving average price of $136.87. Boot Barn Holdings, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $176.64. The firm has a market cap of $2.80 billion, a PE ratio of 16.35, a P/E/G ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS 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%. On average, analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal 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.