BNP Paribas Financial Markets Increases Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

BNP Paribas Financial Markets raised its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 17.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,517 shares of the company's stock after purchasing an additional 4,925 shares during the period. BNP Paribas Financial Markets owned about 0.11% of Boot Barn worth $5,089,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BOOT. Signaturefd LLC grew its holdings in Boot Barn by 201.8% in the fourth quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after purchasing an additional 111 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after acquiring an additional 143 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Boot Barn by 45.2% during the fourth quarter. Assetmark Inc. now owns 363 shares of the company's stock valued at $55,000 after acquiring an additional 113 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Boot Barn during the fourth quarter valued at $102,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Boot Barn by 212.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock valued at $115,000 after acquiring an additional 509 shares during the last quarter.

Wall Street Analysts Forecast Growth

BOOT has been the topic of a number of analyst reports. Craig Hallum raised Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 price objective on the stock in a research note on Wednesday, April 23rd. UBS Group increased their price objective on Boot Barn from $156.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday. Piper Sandler increased their price objective on Boot Barn from $162.00 to $184.00 and gave the company an "overweight" rating in a research note on Thursday. KeyCorp decreased their price objective on Boot Barn from $190.00 to $165.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. Finally, Stephens assumed coverage on Boot Barn in a research note on Wednesday, April 9th. They set an "overweight" rating and a $100.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $170.62.

Boot Barn Stock Up 2.6%

Shares of NYSE BOOT traded up $4.08 during midday trading on Monday, hitting $160.79. The stock had a trading volume of 988,722 shares, compared to its average volume of 824,717. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 1.17 and a beta of 1.59. Boot Barn Holdings, Inc. has a 1-year low of $86.17 and a 1-year high of $176.64. The company has a fifty day moving average price of $108.22 and a 200 day moving average price of $130.33.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.02). The firm had revenue of $453.75 million during the quarter, compared to analyst estimates of $458.56 million. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. The business's revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 earnings per share. On average, research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Boot Barn declared that its board has authorized a stock repurchase plan on Wednesday, May 14th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.