F M Investments LLC Has $16.50 Million Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

F M Investments LLC reduced its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 14.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,610 shares of the company's stock after selling 16,866 shares during the quarter. F M Investments LLC owned 0.32% of Boot Barn worth $16,495,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. UniSuper Management Pty Ltd bought a new stake in shares of Boot Barn during the first quarter worth $695,000. Sei Investments Co. grew its holdings in shares of Boot Barn by 52.5% during the first quarter. Sei Investments Co. now owns 73,884 shares of the company's stock worth $7,030,000 after purchasing an additional 25,434 shares during the last quarter. Capital Research Global Investors bought a new stake in shares of Boot Barn during the first quarter worth $32,779,000. Jennison Associates LLC grew its holdings in shares of Boot Barn by 19.6% during the first quarter. Jennison Associates LLC now owns 530,882 shares of the company's stock worth $50,513,000 after purchasing an additional 86,969 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Boot Barn by 12.8% during the first quarter. Russell Investments Group Ltd. now owns 131,658 shares of the company's stock worth $12,527,000 after purchasing an additional 14,980 shares during the last quarter.

Analyst Upgrades and Downgrades

BOOT has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on Boot Barn from $160.00 to $181.00 and gave the company an "overweight" rating in a report on Tuesday. Benchmark reiterated a "buy" rating and issued a $192.00 price target on shares of Boot Barn in a report on Tuesday. Piper Sandler reiterated an "overweight" rating and issued a $179.00 price target on shares of Boot Barn in a report on Tuesday. Craig Hallum cut Boot Barn from a "buy" rating to a "hold" rating and raised their price target for the company from $154.00 to $162.00 in a report on Friday, October 25th. Finally, Baird R W upgraded Boot Barn from a "hold" rating to a "strong-buy" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $164.55.

Boot Barn Stock Performance

NYSE:BOOT traded up $0.92 during mid-day trading on Friday, hitting $125.47. The company had a trading volume of 982,839 shares, compared to its average volume of 765,813. Boot Barn Holdings, Inc. has a fifty-two week low of $67.53 and a fifty-two week high of $169.83. The business's fifty day moving average is $153.67 and its two-hundred day moving average is $132.48. The firm has a market cap of $3.83 billion, a P/E ratio of 25.19 and a beta of 2.12.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.02. The company had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. Boot Barn's revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 earnings per share. Equities analysts forecast that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current 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.