Versor Investments LP Invests $1.22 Million in Boot Barn Holdings, Inc. (NYSE:BOOT)

Versor Investments LP acquired a new position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,302 shares of the company's stock, valued at approximately $1,221,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GHP Investment Advisors Inc. bought a new position in shares of Boot Barn during the 3rd quarter valued at about $25,000. GAMMA Investing LLC raised its position in Boot Barn by 111.1% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company's stock worth $34,000 after purchasing an additional 140 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Boot Barn in the 2nd quarter worth about $64,000. 1620 Investment Advisors Inc. purchased a new stake in Boot Barn in the 2nd quarter worth about $84,000. Finally, USA Financial Formulas purchased a new stake in Boot Barn in the 3rd quarter worth about $92,000.

Boot Barn Stock Down 1.3 %

Shares of NYSE:BOOT traded down $1.76 on Tuesday, reaching $134.65. 1,194,302 shares of the company's stock were exchanged, compared to its average volume of 773,899. The business's 50-day moving average is $153.01 and its two-hundred day moving average is $134.11. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 27.42 and a beta of 2.16. Boot Barn Holdings, Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $169.83.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BOOT. UBS Group increased their price objective on shares of Boot Barn from $127.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Benchmark reiterated a "buy" rating and set a $192.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Williams Trading reiterated a "buy" rating and set a $173.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Baird R W raised shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Boot Barn from $160.00 to $181.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.55.

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.