Legal & General Group Plc Has $13 Million Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Legal & General Group Plc cut its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,612 shares of the company’s stock after selling 2,247 shares during the quarter. Legal & General Group Plc’s holdings in Boot Barn were worth $12,998,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. lifted its position in shares of Boot Barn by 35.3% in the 4th quarter. Invesco Ltd. now owns 723,743 shares of the company’s stock valued at $109,879,000 after acquiring an additional 188,688 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Boot Barn by 1.4% in the fourth quarter. Bank of Montreal Can now owns 5,936 shares of the company’s stock valued at $901,000 after purchasing an additional 82 shares in the last quarter. Polymer Capital Management US LLC purchased a new position in shares of Boot Barn during the fourth quarter valued at $333,000. FMR LLC raised its position in Boot Barn by 47.3% during the fourth quarter. FMR LLC now owns 2,211,300 shares of the company’s stock valued at $335,720,000 after buying an additional 709,903 shares during the period. Finally, Federated Hermes Inc. lifted its stake in Boot Barn by 824.5% in the 4th quarter. Federated Hermes Inc. now owns 4,567 shares of the company’s stock worth $693,000 after acquiring an additional 4,073 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BOOT. UBS Group dropped their target price on Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Stephens began coverage on shares of Boot Barn in a research report on Wednesday, April 9th. They issued an “overweight” rating and a $100.00 target price for the company. BTIG Research lifted their target price 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. Craig Hallum set a $178.00 price target on shares of Boot Barn in a research note on Friday, January 31st. Finally, StockNews.com cut Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.62.

Boot Barn Stock Down 6.2 %

Shares of BOOT stock opened at $91.74 on Wednesday. The business’s 50 day moving average is $113.02 and its two-hundred day moving average is $137.73. Boot Barn Holdings, Inc. has a 12 month low of $88.23 and a 12 month high of $176.64. The company has a market cap of $2.81 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT) last posted its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, equities analysts expect that Boot Barn Holdings, Inc. will post 5.82 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.