Jennison Associates LLC Buys 163,451 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Jennison Associates LLC lifted its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 92.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 340,550 shares of the company's stock after buying an additional 163,451 shares during the quarter. Jennison Associates LLC owned about 1.12% of Boot Barn worth $51,702,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BOOT. Artemis Investment Management LLP bought a new stake in Boot Barn during the fourth quarter worth approximately $36,361,000. State Street Corp boosted its position in Boot Barn by 4.4% during the third quarter. State Street Corp now owns 1,208,345 shares of the company's stock worth $202,132,000 after purchasing an additional 51,356 shares during the period. JPMorgan Chase & Co. boosted its position in Boot Barn by 56.5% during the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company's stock worth $23,638,000 after purchasing an additional 51,032 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Boot Barn during the third quarter worth approximately $5,931,000. Finally, Moody Aldrich Partners LLC boosted its position in Boot Barn by 129.5% during the fourth quarter. Moody Aldrich Partners LLC now owns 49,411 shares of the company's stock worth $7,502,000 after purchasing an additional 27,880 shares during the period.

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the sale, the chief executive officer now owns 3,937 shares of the company's stock, valued at $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on BOOT. StockNews.com upgraded Boot Barn from a "sell" rating to a "hold" rating in a report on Monday, February 3rd. Benchmark reiterated a "buy" rating and issued a $192.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Williams Trading reiterated a "buy" rating and issued a $173.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. 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 report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. increased their target price on Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Boot Barn presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.58.

Boot Barn Stock Performance

NYSE:BOOT traded down $1.34 during mid-day trading on Friday, hitting $139.94. The company had a trading volume of 493,690 shares, compared to its average volume of 1,014,680. Boot Barn Holdings, Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $176.64. The business's fifty day moving average is $153.82 and its two-hundred day moving average is $147.36. The firm has a market cap of $4.28 billion, a P/E ratio of 24.99, a P/E/G ratio of 1.25 and a beta of 2.10.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating 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%. Equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

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.