Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Purchased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC boosted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 19.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 203,559 shares of the company's stock after purchasing an additional 32,455 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.67% of Boot Barn worth $30,904,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BOOT. Stephens Investment Management Group LLC bought a new position in Boot Barn in the fourth quarter valued at about $46,699,000. Alberta Investment Management Corp bought a new position in shares of Boot Barn during the 4th quarter valued at about $2,842,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Boot Barn by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company's stock valued at $54,439,000 after purchasing an additional 5,881 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Boot Barn during the 4th quarter valued at about $42,440,000. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of Boot Barn by 134.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 289,641 shares of the company's stock valued at $43,973,000 after purchasing an additional 166,121 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Craig Hallum raised Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 target price on the stock in a research report on Wednesday, April 23rd. Stephens assumed coverage on Boot Barn in a research report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 price target on the stock. Bank of America increased their price objective on Boot Barn from $160.00 to $173.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Citigroup lifted their price objective on shares of Boot Barn from $137.00 to $180.00 and gave the company a "buy" rating in a research report on Friday. Finally, StockNews.com cut shares of Boot Barn from a "hold" rating to a "sell" rating in a report on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boot Barn has an average rating of "Moderate Buy" and an average price target of $170.62.

Boot Barn Trading Up 1.1%

Shares of BOOT traded up $1.82 during trading hours on Tuesday, hitting $162.76. The company had a trading volume of 853,153 shares, compared to its average volume of 825,568. The company has a market capitalization of $4.98 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 1.17 and a beta of 1.59. Boot Barn Holdings, Inc. has a one year low of $86.17 and a one year high of $176.64. The company's fifty day moving average price is $108.22 and its two-hundred day moving average price is $130.33.

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

Boot Barn announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 14th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to reacquire up to 4.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are 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.