25,373 Shares of Boot Barn Holdings, Inc. $BOOT Purchased by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. bought a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the third quarter, Holdings Channel reports. The institutional investor bought 25,373 shares of the company’s stock, valued at approximately $3,057,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Fulcrum Asset Management LLP acquired a new stake in Boot Barn in the 3rd quarter worth about $1,181,000. Hohimer Wealth Management LLC acquired a new position in shares of Boot Barn during the third quarter valued at approximately $459,000. Summit Creek Advisors LLC raised its holdings in shares of Boot Barn by 10.4% during the third quarter. Summit Creek Advisors LLC now owns 47,407 shares of the company’s stock valued at $5,711,000 after acquiring an additional 4,460 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in shares of Boot Barn by 0.6% during the third quarter. Kornitzer Capital Management Inc. KS now owns 44,828 shares of the company’s stock valued at $5,400,000 after acquiring an additional 257 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Boot Barn by 24.5% in the third quarter. Parallel Advisors LLC now owns 636 shares of the company’s stock valued at $77,000 after acquiring an additional 125 shares in the last quarter.

Boot Barn Price Performance

Shares of NYSE BOOT opened at $135.39 on Tuesday. The company has a 50 day simple moving average of $128.43 and a 200-day simple moving average of $156.67. The company has a market capitalization of $4.05 billion, a P/E ratio of 16.39, a P/E/G ratio of 1.11 and a beta of 1.72. Boot Barn Holdings, Inc. has a 1 year low of $110.53 and a 1 year high of $210.25.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, October 28th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.63 by $0.10. Boot Barn had a net margin of 10.45% and a return on equity of 18.82%. The firm had revenue of $581.81 million for the quarter, compared to analyst estimates of $580.80 million. During the same quarter in the previous year, the company earned $1.37 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, research analysts expect that Boot Barn Holdings, Inc. will post 8.93 EPS for the current year.

Analyst Ratings Changes

BOOT has been the topic of several research reports. Craig Hallum restated a “buy” rating and issued a $225.00 target price on shares of Boot Barn in a research report on Thursday, October 29th. TD Cowen dropped their price target on Boot Barn from $160.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Robert W. Baird reduced their price objective on Boot Barn from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, October 29th. Piper Sandler reissued an “overweight” rating and issued a $187.00 price objective (down from $226.00) on shares of Boot Barn in a research note on Thursday, October 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $175.00 price objective on shares of Boot Barn in a report on Friday, October 30th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $183.92.

About Boot Barn