Bank of New York Mellon Corp Buys 9,126 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Bank of New York Mellon Corp lifted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 259,885 shares of the company's stock after acquiring an additional 9,126 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.85% of Boot Barn worth $33,507,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Broad Bay Capital Management LP lifted its holdings in Boot Barn by 25.0% in the 4th quarter. Broad Bay Capital Management LP now owns 400,000 shares of the company's stock worth $30,704,000 after purchasing an additional 80,000 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in Boot Barn by 17.6% in the 4th quarter. Eagle Asset Management Inc. now owns 337,335 shares of the company's stock worth $25,894,000 after purchasing an additional 50,577 shares in the last quarter. Prevail Innovative Wealth Advisors LLC lifted its holdings in Boot Barn by 60.0% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 28,522 shares of the company's stock worth $2,189,000 after purchasing an additional 10,699 shares in the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Boot Barn during the 1st quarter worth approximately $695,000. Finally, Sei Investments Co. raised its holdings in shares of Boot Barn by 52.5% during the 1st quarter. Sei Investments Co. now owns 73,884 shares of the company's stock worth $7,030,000 after acquiring an additional 25,434 shares in the last quarter.

Boot Barn Stock Performance

Boot Barn stock traded up $1.30 during mid-day trading on Tuesday, hitting $135.47. The company's stock had a trading volume of 411,016 shares, compared to its average volume of 784,484. The company has a 50 day moving average of $129.86 and a 200-day moving average of $113.48. The stock has a market cap of $4.12 billion, a PE ratio of 28.22 and a beta of 2.09. Boot Barn Holdings, Inc. has a one year low of $66.73 and a one year high of $143.57.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data 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 return on equity of 16.44% and a net margin of 8.89%. The company had revenue of $423.40 million for the quarter, compared to the consensus estimate of $415.04 million. During the same quarter in the prior year, the company posted $1.11 EPS. Boot Barn'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 5.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on BOOT shares. Benchmark reaffirmed a "buy" rating and set a $140.00 price objective on shares of Boot Barn in a report on Tuesday, August 6th. Citigroup upped their price objective on Boot Barn from $122.00 to $154.00 and gave the stock a "buy" rating in a report on Friday, July 19th. Craig Hallum upped their price objective on Boot Barn from $120.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, June 5th. JPMorgan Chase & Co. upped their price objective on Boot Barn from $125.00 to $146.00 and gave the stock an "overweight" rating in a report on Monday, July 22nd. Finally, TD Cowen increased their price target on Boot Barn from $120.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, June 5th. One research 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.