Calamos Advisors LLC Makes New $1.12 Million Investment in Boot Barn Holdings, Inc. (NYSE:BOOT)

Calamos Advisors LLC bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,711 shares of the company's stock, valued at approximately $1,123,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BOOT. Vanguard Group Inc. increased its stake in shares of Boot Barn by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company's stock valued at $210,638,000 after acquiring an additional 35,925 shares during the last quarter. Wellington Management Group LLP raised its stake in Boot Barn by 186.6% during the fourth quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company's stock worth $197,527,000 after purchasing an additional 1,675,410 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Boot Barn by 43.8% in the 1st quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company's stock valued at $202,830,000 after purchasing an additional 649,021 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Boot Barn by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,086,810 shares of the company's stock valued at $83,425,000 after purchasing an additional 16,308 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Boot Barn by 35.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 700,007 shares of the company's stock valued at $53,733,000 after buying an additional 182,130 shares during the period.

Analyst Ratings Changes

BOOT has been the subject of a number of recent research reports. Piper Sandler increased their target price on Boot Barn from $144.00 to $147.00 and gave the company an "overweight" rating in a research note on Thursday, August 8th. Benchmark reissued a "buy" rating and issued a $140.00 price objective on shares of Boot Barn in a research report on Tuesday, August 6th. Citigroup raised their target price on Boot Barn from $122.00 to $154.00 and gave the company a "buy" rating in a research note on Friday, July 19th. Robert W. Baird increased their price target on Boot Barn from $132.00 to $140.00 and gave the company a "neutral" rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. upped their target price on Boot Barn from $125.00 to $146.00 and gave the company an "overweight" rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Boot Barn currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.20.

Boot Barn Price Performance

NYSE:BOOT traded down $0.52 during midday trading on Monday, reaching $141.87. The stock had a trading volume of 438,341 shares, compared to its average volume of 794,719. The stock has a market capitalization of $4.31 billion, a P/E ratio of 29.71 and a beta of 2.09. Boot Barn Holdings, Inc. has a 1-year low of $66.73 and a 1-year high of $143.57. The firm's fifty day simple moving average is $128.91 and its 200-day simple moving average is $111.09.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.18. The firm had revenue of $423.40 million during the quarter, compared to the consensus estimate of $415.04 million. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. The business's revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 EPS. On average, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.03 earnings per share 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.