Captrust Financial Advisors Buys 3,858 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Captrust Financial Advisors raised its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 233.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,511 shares of the company's stock after buying an additional 3,858 shares during the quarter. Captrust Financial Advisors' holdings in Boot Barn were worth $837,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BOOT. Bank of Montreal Can raised its holdings in Boot Barn by 1.4% during the 4th quarter. Bank of Montreal Can now owns 5,936 shares of the company's stock worth $901,000 after purchasing an additional 82 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Boot Barn by 7.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,367 shares of the company's stock valued at $208,000 after buying an additional 97 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Boot Barn by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,096 shares of the company's stock worth $470,000 after acquiring an additional 98 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Boot Barn by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company's stock valued at $2,247,000 after buying an additional 100 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Boot Barn by 1.1% in the fourth quarter. Arizona State Retirement System now owns 8,853 shares of the company's stock worth $1,344,000 after purchasing an additional 100 shares during the last quarter.

Boot Barn Stock Performance

Shares of Boot Barn stock traded down $6.12 during trading hours on Wednesday, hitting $156.73. The company's stock had a trading volume of 547,188 shares, compared to its average volume of 824,590. The company has a market cap of $4.79 billion, a PE ratio of 28.05, a PEG ratio of 1.17 and a beta of 1.59. The business has a 50 day moving average price of $109.45 and a two-hundred day moving average price of $130.55. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $1.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.24 by ($0.02). Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. The company had revenue of $453.75 million for the quarter, compared to analysts' expectations of $458.56 million. During the same period last year, the business earned $0.96 earnings per share. The company's quarterly revenue was up 16.8% compared to the same quarter last year. As a group, research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share 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 buyback $200.00 million in shares. This buyback authorization permits the company to buy up to 4.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BOOT. Robert W. Baird raised their target price on Boot Barn from $140.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Bank of America raised their price target on Boot Barn from $160.00 to $173.00 and gave the company a "buy" rating in a report on Thursday, May 15th. UBS Group raised their price target on Boot Barn from $156.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Citigroup lifted their target price on shares of Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Piper Sandler raised their target price on shares of Boot Barn from $162.00 to $184.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $170.62.

About Boot Barn

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.