Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 14.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 217,387 shares of the company's stock after purchasing an additional 27,228 shares during the quarter. Principal Financial Group Inc. owned 0.71% of Boot Barn worth $28,028,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BOOT. GAMMA Investing LLC lifted its position in shares of Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company's stock worth $34,000 after buying an additional 140 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Boot Barn during the 2nd quarter valued at approximately $84,000. First Horizon Advisors Inc. lifted its stake in Boot Barn by 11.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company's stock valued at $120,000 after purchasing an additional 94 shares during the last quarter. Principal Securities Inc. bought a new position in Boot Barn in the 4th quarter valued at approximately $102,000. Finally, Quest Partners LLC bought a new stake in shares of Boot Barn during the fourth quarter worth $112,000.

Boot Barn Stock Down 2.5 %

BOOT stock traded down $3.43 during mid-day trading on Monday, reaching $134.17. 502,300 shares of the company traded hands, compared to its average volume of 786,707. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 27.95 and a beta of 2.09. Boot Barn Holdings, Inc. has a fifty-two week low of $66.73 and a fifty-two week high of $143.57. The firm's 50 day moving average price is $129.71 and its 200 day moving average price is $113.17.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.18. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The firm had revenue of $423.40 million for the quarter, compared to the consensus estimate of $415.04 million. During the same quarter in the previous year, the business earned $1.11 EPS. The company's revenue was up 10.3% compared to the same quarter last year. On average, analysts anticipate that Boot Barn Holdings, Inc. will post 5.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. BTIG Research raised their price objective on Boot Barn from $125.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, June 5th. Benchmark reaffirmed a "buy" rating and set a $140.00 price target on shares of Boot Barn in a research report on Tuesday, August 6th. TD Cowen upped their target price on Boot Barn from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, June 5th. JPMorgan Chase & Co. boosted their price target on Boot Barn from $125.00 to $146.00 and gave the company an "overweight" rating in a research note on Monday, July 22nd. Finally, Citigroup raised their price objective on shares of Boot Barn from $122.00 to $154.00 and gave the stock a "buy" rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently 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.