Tabor Asset Management LP Buys New Shares in Boot Barn Holdings, Inc. (NYSE:BOOT)

Tabor Asset Management LP bought a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,183 shares of the company's stock, valued at approximately $1,536,000.

Other hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in shares of Boot Barn in the 2nd quarter valued at $19,532,000. F M Investments LLC purchased a new position in shares of Boot Barn in the 2nd quarter valued at $14,888,000. State Street Corp grew its position in shares of Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company's stock valued at $202,132,000 after buying an additional 51,356 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Boot Barn in the 3rd quarter valued at $5,931,000. Finally, Sei Investments Co. grew its position in shares of Boot Barn by 39.3% in the 2nd quarter. Sei Investments Co. now owns 102,933 shares of the company's stock valued at $13,271,000 after buying an additional 29,049 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BOOT shares. BTIG Research increased their target price on shares of Boot Barn from $165.00 to $185.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Baird R W raised shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Boot Barn from $160.00 to $181.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Robert W. Baird raised shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 target price on the stock in a report on Wednesday, October 30th. Finally, Williams Trading reaffirmed a "buy" rating and issued a $173.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boot Barn currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.55.

Boot Barn Price Performance

BOOT traded up $5.43 during midday trading on Friday, reaching $154.00. 461,755 shares of the company's stock were exchanged, compared to its average volume of 767,102. The stock has a market capitalization of $4.70 billion, a PE ratio of 29.83 and a beta of 2.14. The business's 50-day moving average price is $147.66 and its 200 day moving average price is $137.69. Boot Barn Holdings, Inc. has a 1-year low of $68.37 and a 1-year high of $169.83.

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