Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Position Raised by Capital Research Global Investors

Capital Research Global Investors grew its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 32.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,141,821 shares of the company's stock after acquiring an additional 280,892 shares during the quarter. Capital Research Global Investors owned about 3.73% of Boot Barn worth $173,351,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BOOT. Blue Trust Inc. grew its stake in shares of Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock worth $26,000 after purchasing an additional 143 shares in the last quarter. Signaturefd LLC grew its position in Boot Barn by 201.8% in the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after buying an additional 111 shares in the last quarter. Assetmark Inc. increased its stake in Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock valued at $55,000 after buying an additional 113 shares during the period. R Squared Ltd bought a new stake in shares of Boot Barn during the 4th quarter worth about $102,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Boot Barn by 212.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock worth $115,000 after acquiring an additional 509 shares during the period.

Boot Barn Price Performance

Boot Barn stock traded up $0.45 during midday trading on Friday, reaching $102.63. The stock had a trading volume of 819,883 shares, compared to its average volume of 815,775. The firm's fifty day simple moving average is $106.43 and its two-hundred day simple moving average is $134.04. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $176.64. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $2.43 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%. As a group, sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. BTIG Research raised their price objective on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, January 13th. StockNews.com downgraded Boot Barn from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. KeyCorp upgraded Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price objective for the company in a report on Thursday, January 23rd. Stephens initiated coverage on Boot Barn in a report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 target price on the stock. Finally, Robert W. Baird cut their price target on shares of Boot Barn from $133.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Boot Barn currently has an average rating of "Moderate Buy" and an average price target of $169.23.

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.