1,975 Shares in Boot Barn Holdings, Inc. (NYSE:BOOT) Acquired by Smith Shellnut Wilson LLC ADV

Smith Shellnut Wilson LLC ADV bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,975 shares of the company's stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company's stock valued at $34,000 after purchasing an additional 140 shares during the last quarter. Headlands Technologies LLC grew its stake in shares of Boot Barn by 1,037.7% during the 4th quarter. Headlands Technologies LLC now owns 785 shares of the company's stock worth $60,000 after acquiring an additional 716 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Boot Barn during the 2nd quarter worth approximately $84,000. Principal Securities Inc. bought a new stake in Boot Barn in the 4th quarter valued at $102,000. Finally, Quest Partners LLC acquired a new position in Boot Barn in the 4th quarter valued at $112,000.

Boot Barn Price Performance

NYSE:BOOT traded down $0.87 during midday trading on Tuesday, reaching $141.01. 447,489 shares of the company traded hands, compared to its average volume of 792,614. Boot Barn Holdings, Inc. has a twelve month low of $66.73 and a twelve month high of $143.57. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 29.56 and a beta of 2.09. The company has a fifty day moving average price of $129.14 and a 200 day moving average price of $111.49.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on BOOT. Citigroup boosted their price objective on shares of Boot Barn from $122.00 to $154.00 and gave the stock a "buy" rating in a research note on Friday, July 19th. BTIG Research boosted their price target on shares of Boot Barn from $125.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, June 5th. Piper Sandler increased their price target on shares of Boot Barn from $144.00 to $147.00 and gave the company an "overweight" rating in a research report on Thursday, August 8th. UBS Group lifted their price target on shares of Boot Barn from $125.00 to $127.00 and gave the company a "neutral" rating in a research report on Thursday, August 8th. Finally, Craig Hallum upped their target price on shares of Boot Barn from $120.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Boot Barn presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.20.

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.

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