68,233 Shares in Boot Barn Holdings, Inc. (NYSE:BOOT) Acquired by Norges Bank

Norges Bank bought a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 68,233 shares of the company's stock, valued at approximately $10,359,000. Norges Bank owned 0.22% of Boot Barn at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Boot Barn by 1.0% in the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock valued at $113,150,000 after acquiring an additional 6,369 shares during the last quarter. Dale Q Rice Investment Management Ltd bought a new stake in Boot Barn in the fourth quarter valued at about $1,544,000. Stephens Investment Management Group LLC acquired a new position in Boot Barn in the fourth quarter valued at about $46,699,000. Alberta Investment Management Corp bought a new position in Boot Barn during the fourth quarter worth about $2,842,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Boot Barn by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company's stock worth $54,439,000 after buying an additional 5,881 shares during the period.

Boot Barn Stock Performance

NYSE BOOT traded down $1.22 during trading hours on Friday, hitting $97.77. 821,766 shares of the company traded hands, compared to its average volume of 803,173. The business's 50-day moving average is $114.94 and its 200-day moving average is $138.52. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a twelve month low of $88.23 and a twelve month high of $176.64.

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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 net margin of 9.36% and a return on equity of 17.11%. Analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on BOOT shares. JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Craig Hallum set a $178.00 target price on Boot Barn in a research note on Friday, January 31st. Bank of America raised their price target on Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Robert W. Baird lowered their target price on Boot Barn from $190.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. 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 note 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $175.62.

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.