JPMorgan Chase & Co. Acquires 51,032 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

JPMorgan Chase & Co. raised its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 56.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,305 shares of the company's stock after acquiring an additional 51,032 shares during the quarter. JPMorgan Chase & Co. owned about 0.46% of Boot Barn worth $23,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its holdings in Boot Barn by 4.4% during the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company's stock worth $202,132,000 after acquiring an additional 51,356 shares during the period. Geode Capital Management LLC raised its position in shares of Boot Barn by 1.0% in the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock worth $113,150,000 after buying an additional 6,369 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Boot Barn by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company's stock worth $82,895,000 after buying an additional 1,834 shares in the last quarter. Franklin Resources Inc. boosted its stake in Boot Barn by 1.0% during the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company's stock valued at $68,004,000 after buying an additional 4,226 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Boot Barn by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company's stock worth $58,999,000 after acquiring an additional 6,335 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BOOT shares. JPMorgan Chase & Co. lifted their price target on Boot Barn from $181.00 to $188.00 and gave the company an "overweight" rating in a research report on Wednesday. Baird R W raised shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. Piper Sandler restated an "overweight" rating and set a $179.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Bank of America initiated coverage on Boot Barn in a research note on Tuesday. They issued a "buy" rating and a $187.00 target price on the stock. Finally, Craig Hallum lowered Boot Barn from a "buy" rating to a "hold" rating and lifted their price target for the stock from $154.00 to $162.00 in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $167.00.

Boot Barn Stock Down 0.3 %

Shares of Boot Barn stock traded down $0.42 on Thursday, hitting $159.99. The stock had a trading volume of 624,326 shares, compared to its average volume of 702,905. Boot Barn Holdings, Inc. has a one year low of $69.35 and a one year high of $169.83. The stock's 50-day simple moving average is $143.92 and its two-hundred day simple moving average is $142.67. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 32.13 and a beta of 2.10.

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

Insider Activity at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the transaction, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

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.