Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Bought by Legato Capital Management LLC

Legato Capital Management LLC boosted its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 54.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,575 shares of the company's stock after acquiring an additional 1,965 shares during the quarter. Legato Capital Management LLC's holdings in Boot Barn were worth $719,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Boot Barn by 111.1% during the second quarter. GAMMA Investing LLC now owns 266 shares of the company's stock valued at $34,000 after purchasing an additional 140 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Boot Barn in the second quarter valued at approximately $84,000. Headlands Technologies LLC increased its position in shares of Boot Barn by 1,037.7% during the fourth quarter. Headlands Technologies LLC now owns 785 shares of the company's stock valued at $60,000 after acquiring an additional 716 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Boot Barn by 11.2% during the second quarter. First Horizon Advisors Inc. now owns 931 shares of the company's stock valued at $120,000 after acquiring an additional 94 shares during the last quarter. Finally, Principal Securities Inc. bought a new stake in Boot Barn during the fourth quarter worth $102,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BOOT shares. Craig Hallum raised their target price on Boot Barn from $120.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, June 5th. TD Cowen raised their price objective on shares of Boot Barn from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, June 5th. Citigroup boosted their target price on shares of Boot Barn from $122.00 to $154.00 and gave the company a "buy" rating in a research note on Friday, July 19th. JPMorgan Chase & Co. increased their target price on shares of Boot Barn from $125.00 to $146.00 and gave the company an "overweight" rating in a research report on Monday, July 22nd. Finally, UBS Group lifted their price target on shares of Boot Barn from $125.00 to $127.00 and gave the stock a "neutral" rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $138.20.

Boot Barn Price Performance

Shares of NYSE:BOOT traded down $4.70 during trading on Wednesday, hitting $136.31. 466,828 shares of the company were exchanged, compared to its average volume of 790,711. The company has a market cap of $4.14 billion, a PE ratio of 28.40 and a beta of 2.09. Boot Barn Holdings, Inc. has a 52-week low of $66.73 and a 52-week high of $143.57. The stock has a 50 day moving average of $129.33 and a 200 day moving average of $112.04.

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