Wellington Management Group LLP Grows Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Wellington Management Group LLP increased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 48.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,161,052 shares of the company's stock after acquiring an additional 706,518 shares during the quarter. Wellington Management Group LLP owned approximately 7.06% of Boot Barn worth $328,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in BOOT. Geode Capital Management LLC raised its position in Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock valued at $113,150,000 after purchasing an additional 6,369 shares during the last quarter. Dale Q Rice Investment Management Ltd purchased a new position in shares of Boot Barn during the fourth quarter valued at approximately $1,544,000. Stephens Investment Management Group LLC bought a new position in shares of Boot Barn during the fourth quarter valued at approximately $46,699,000. Alberta Investment Management Corp purchased a new stake in Boot Barn in the fourth quarter worth $2,842,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Boot Barn by 56.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company's stock worth $23,638,000 after purchasing an additional 51,032 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BOOT. Craig Hallum set a $178.00 price target on Boot Barn in a research report on Friday, January 31st. BTIG Research raised their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Bank of America upped their price objective on Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Piper Sandler reaffirmed an "overweight" rating and set a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $181.92.

Remove Ads

Boot Barn Stock Performance

Shares of Boot Barn stock traded up $0.07 during trading hours on Friday, hitting $97.83. The company's stock had a trading volume of 2,364,930 shares, compared to its average volume of 789,198. Boot Barn Holdings, Inc. has a 12-month low of $87.99 and a 12-month high of $176.64. The business has a 50 day moving average price of $125.46 and a two-hundred day moving average price of $142.33. The company has a market cap of $2.99 billion, a PE ratio of 17.47, a PEG ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. As a group, research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Boot Barn 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.