Geode Capital Management LLC Boosts Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Geode Capital Management LLC raised its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 676,277 shares of the company’s stock after purchasing an additional 6,369 shares during the quarter. Geode Capital Management LLC’s holdings in Boot Barn were worth $113,150,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in Boot Barn by 68.1% in the second quarter. SG Americas Securities LLC now owns 4,399 shares of the company’s stock valued at $567,000 after acquiring an additional 1,782 shares during the last quarter. Raymond James & Associates increased its stake in Boot Barn by 1.8% during the second quarter. Raymond James & Associates now owns 49,263 shares of the company’s stock worth $6,351,000 after acquiring an additional 875 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Boot Barn by 9.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company’s stock worth $188,000 after purchasing an additional 126 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Boot Barn by 11.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock valued at $120,000 after purchasing an additional 94 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Boot Barn in the 2nd quarter valued at about $84,000.

Analyst Ratings Changes

Several research firms recently commented on BOOT. Williams Trading restated a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Benchmark reissued a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. BTIG Research lifted their target price on shares of Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Baird R W upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, Citigroup reduced their price objective on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.55.

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $149.00 on Wednesday. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 29.92 and a beta of 2.14. Boot Barn Holdings, Inc. has a 1 year low of $68.37 and a 1 year high of $169.83. The stock’s 50-day simple moving average is $145.01 and its 200-day simple moving average is $139.98.

Boot Barn (NYSE:BOOT) last announced its earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The company had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. During the same period in the prior year, the company posted $0.91 EPS. Boot Barn’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, research analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS 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.