State Street Corp Purchases 51,356 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

State Street Corp increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,208,345 shares of the company's stock after purchasing an additional 51,356 shares during the period. State Street Corp owned 3.96% of Boot Barn worth $202,132,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new stake in shares of Boot Barn during the third quarter worth $25,000. Canada Pension Plan Investment Board purchased a new stake in Boot Barn during the second quarter valued at about $64,000. 1620 Investment Advisors Inc. acquired a new position in shares of Boot Barn in the second quarter worth about $84,000. GAMMA Investing LLC boosted its holdings in shares of Boot Barn by 100.8% in the third quarter. GAMMA Investing LLC now owns 534 shares of the company's stock worth $89,000 after buying an additional 268 shares during the period. Finally, USA Financial Formulas purchased a new position in shares of Boot Barn in the third quarter worth approximately $92,000.

Boot Barn Stock Down 1.8 %

Shares of BOOT stock traded down $2.58 during mid-day trading on Friday, reaching $144.15. The stock had a trading volume of 192,262 shares, compared to its average volume of 762,179. The firm has a market cap of $4.40 billion, a PE ratio of 29.46 and a beta of 2.14. Boot Barn Holdings, Inc. has a one year low of $68.37 and a one year high of $169.83. The firm's 50 day simple moving average is $145.94 and its 200 day simple moving average is $138.94.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on BOOT shares. Citigroup lowered their price target on Boot Barn from $194.00 to $178.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. Baird R W raised Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. Williams Trading reiterated a "buy" rating and issued a $173.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. Benchmark restated a "buy" rating and set a $192.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Finally, Robert W. Baird raised shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price objective on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Boot Barn presently has an average rating of "Moderate Buy" and a consensus target price of $164.55.

About Boot Barn

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.