KLP Kapitalforvaltning AS Makes New Investment in Boot Barn Holdings, Inc. (NYSE:BOOT)

KLP Kapitalforvaltning AS bought a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,300 shares of the company's stock, valued at approximately $956,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC boosted its position in shares of Boot Barn by 21.7% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 17,724 shares of the company's stock worth $2,691,000 after purchasing an additional 3,162 shares in the last quarter. American Century Companies Inc. raised its position in shares of Boot Barn by 22.8% during the fourth quarter. American Century Companies Inc. now owns 493,977 shares of the company's stock worth $74,996,000 after purchasing an additional 91,705 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Boot Barn by 3.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 47,539 shares of the company's stock valued at $7,217,000 after purchasing an additional 1,786 shares during the period. Whittier Trust Co. increased its stake in Boot Barn by 4.0% during the 4th quarter. Whittier Trust Co. now owns 98,016 shares of the company's stock valued at $14,881,000 after purchasing an additional 3,758 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Boot Barn by 83.1% during the fourth quarter. Teacher Retirement System of Texas now owns 22,141 shares of the company's stock worth $3,361,000 after buying an additional 10,048 shares during the last quarter.

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Wall Street Analyst Weigh In

A number of research firms recently weighed in on BOOT. StockNews.com lowered shares of Boot Barn from a "hold" rating to a "sell" rating in a report on Monday, February 17th. Piper Sandler reissued an "overweight" rating and issued a $181.00 price objective (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. KeyCorp upgraded Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 target price on the stock in a report on Thursday, January 23rd. Craig Hallum set a $178.00 price target on Boot Barn in a report on Friday, January 31st. Finally, BTIG Research raised their price objective on Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, one has issued 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $181.92.

Boot Barn Stock Up 0.1 %

BOOT traded up $0.07 during trading on Friday, hitting $97.83. 2,364,930 shares of the company traded hands, compared to its average volume of 788,457. Boot Barn Holdings, Inc. has a one year low of $87.99 and a one year high of $176.64. The stock's fifty day moving average is $124.04 and its 200 day moving average is $141.93. The firm has a market cap of $2.99 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75.

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 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%. On average, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

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.