Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 824.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,567 shares of the company's stock after acquiring an additional 4,073 shares during the quarter. Federated Hermes Inc.'s holdings in Boot Barn were worth $693,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Boot Barn by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company's stock worth $517,686,000 after purchasing an additional 73,089 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Boot Barn by 48.6% during the fourth quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company's stock valued at $328,091,000 after acquiring an additional 706,518 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Boot Barn by 13.2% in the 4th quarter. Alliancebernstein L.P. now owns 846,983 shares of the company's stock valued at $128,589,000 after acquiring an additional 99,029 shares during the period. Geode Capital Management LLC raised its stake in shares of Boot Barn by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock valued at $113,150,000 after acquiring an additional 6,369 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Boot Barn by 21.1% during the 4th quarter. Franklin Resources Inc. now owns 509,311 shares of the company's stock worth $77,324,000 after purchasing an additional 88,623 shares during the period.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Craig Hallum set a $178.00 target price on Boot Barn in a research report on Friday, January 31st. Bank of America raised their target price on Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Piper Sandler reiterated an "overweight" rating and set a $181.00 price target (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Stephens started coverage on shares of Boot Barn in a report on Wednesday, April 9th. They issued an "overweight" rating and a $100.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Boot Barn has an average rating of "Moderate Buy" and an average target price of $175.62.

Boot Barn Trading Up 4.6 %

Shares of BOOT stock traded up $4.14 on Tuesday, reaching $93.27. 839,284 shares of the stock were exchanged, compared to its average volume of 809,478. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.17 and a beta of 1.75. The business's 50 day moving average price is $108.64 and its 200 day moving average price is $135.12. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month 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 analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current 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.