Marshall Wace LLP Decreases Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Marshall Wace LLP lessened its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 277,065 shares of the company's stock after selling 27,223 shares during the quarter. Marshall Wace LLP owned about 0.91% of Boot Barn worth $42,064,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Dale Q Rice Investment Management Ltd purchased a new position in Boot Barn during the 4th quarter valued at approximately $1,544,000. Stephens Investment Management Group LLC purchased a new stake in shares of Boot Barn during the 4th quarter valued at about $46,699,000. Alberta Investment Management Corp purchased a new position in Boot Barn in the fourth quarter worth about $2,842,000. Charles Schwab Investment Management Inc. increased its stake in Boot Barn by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company's stock worth $54,439,000 after acquiring an additional 5,881 shares during the last quarter. Finally, JPMorgan Chase & Co. raised 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 valued at $23,638,000 after purchasing an additional 51,032 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BOOT shares. JPMorgan Chase & Co. increased their price target on Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a report on Friday, January 31st. UBS Group reduced their target price on Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Stephens initiated coverage on Boot Barn in a report on Wednesday, April 9th. They issued an "overweight" rating and a $100.00 price target for the company. Craig Hallum set a $178.00 price objective on Boot Barn in a report on Friday, January 31st. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Boot Barn presently has an average rating of "Moderate Buy" and a consensus price target of $175.62.

Boot Barn Price Performance

Shares of BOOT stock traded down $2.04 during trading hours on Monday, reaching $89.50. 721,672 shares of the company's stock were exchanged, compared to its average volume of 809,569. The company's 50 day moving average is $110.31 and its two-hundred day moving average is $135.95. The company has a market cap of $2.74 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a 1 year low of $86.31 and a 1 year high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its 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 net margin of 9.36% and a return on equity of 17.11%. As a group, 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.