Russell Investments Group Ltd. Has $10.61 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Russell Investments Group Ltd. lessened its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 40.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,908 shares of the company's stock after selling 46,969 shares during the quarter. Russell Investments Group Ltd. owned about 0.23% of Boot Barn worth $10,614,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd lifted its holdings in Boot Barn by 30.7% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 12,349 shares of the company's stock valued at $1,875,000 after acquiring an additional 2,903 shares during the period. Wells Fargo & Company MN raised its position in shares of Boot Barn by 16.9% in the fourth quarter. Wells Fargo & Company MN now owns 45,934 shares of the company's stock valued at $6,974,000 after buying an additional 6,646 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in shares of Boot Barn by 8.4% during the 4th quarter. Thoroughbred Financial Services LLC now owns 1,679 shares of the company's stock worth $254,000 after purchasing an additional 130 shares during the period. Cinctive Capital Management LP acquired a new stake in Boot Barn in the 4th quarter worth about $4,841,000. Finally, Bryce Point Capital LLC acquired a new stake in shares of Boot Barn in the fourth quarter worth approximately $938,000.

Analyst Ratings Changes

Several analysts recently issued reports on BOOT shares. BTIG Research increased their price target on Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a report on Monday, January 13th. StockNews.com downgraded shares of Boot Barn from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Piper Sandler reaffirmed an "overweight" rating and issued a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a report on Friday, January 31st. KeyCorp upgraded Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price target on the stock in a research report on Thursday, January 23rd. Finally, Craig Hallum set a $178.00 target price on shares of Boot Barn in a research note on Friday, January 31st. One 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 given a strong buy rating to the 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 Performance

BOOT traded down $0.23 during trading on Thursday, reaching $89.50. 238,172 shares of the company's stock were exchanged, compared to its average volume of 805,199. The company's fifty day moving average price is $112.02 and its 200-day moving average price is $137.39. The firm has a market capitalization of $2.74 billion, a PE ratio of 16.00, a P/E/G ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) 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%. Research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal 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.