Kennedy Capital Management LLC Makes New Investment in Boot Barn Holdings, Inc. (NYSE:BOOT)

Kennedy Capital Management LLC acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 116,357 shares of the company's stock, valued at approximately $17,665,000. Kennedy Capital Management LLC owned about 0.38% of Boot Barn as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC increased its position in Boot Barn by 47.3% in the 4th quarter. FMR LLC now owns 2,211,300 shares of the company's stock valued at $335,720,000 after acquiring an additional 709,903 shares during the period. Wellington Management Group LLP raised its stake in shares of Boot Barn by 48.6% during the fourth quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company's stock worth $328,091,000 after purchasing an additional 706,518 shares during the last quarter. Stephens Investment Management Group LLC acquired a new stake in shares of Boot Barn during the fourth quarter worth $46,699,000. Proficio Capital Partners LLC purchased a new position in Boot Barn in the 4th quarter valued at $45,177,000. Finally, Raymond James Financial Inc. purchased a new position in Boot Barn during the 4th quarter worth $42,440,000.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Bank of America increased their price target on shares of Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. KeyCorp upgraded Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price target on the stock in a research note on Thursday, January 23rd. Craig Hallum set a $178.00 target price on Boot Barn in a report on Friday, January 31st. BTIG Research increased their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, Robert W. Baird lowered their target price on shares of Boot Barn from $190.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. 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 Stock Down 4.7 %

Shares of BOOT traded down $4.64 during trading hours on Tuesday, reaching $93.21. 399,254 shares of the company traded hands, compared to its average volume of 802,984. The stock has a market capitalization of $2.85 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75. The stock has a fifty day simple moving average of $114.01 and a 200 day simple moving average of $138.05. Boot Barn Holdings, Inc. has a fifty-two week low of $88.23 and a fifty-two week high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. Research analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal 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.