Boot Barn Holdings, Inc. $BOOT Shares Newly Bought by Van Berkom & Associates Inc.

Key Points

• Van Berkom & Associates opened a new Boot Barn position, buying 25,373 shares worth about $3.06 million, or approximately 0.08% of the company.
• Boot Barn’s latest quarter beat expectations: EPS was $1.73 versus a $1.63 estimate, while revenue reached $581.81 million, up 15.1% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $183.92; the stock opened at $135.39 in the article’s report.

Van Berkom & Associates Inc. acquired a new position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,373 shares of the company's stock, valued at approximately $3,057,000. Van Berkom & Associates Inc. owned about 0.08% of Boot Barn as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BOOT. BlackRock Inc. purchased a new position in Boot Barn during the 2nd quarter worth approximately $840,629,000. Wellington Management Group LLP lifted its stake in Boot Barn by 12.2% during the 2nd quarter. Wellington Management Group LLP now owns 773,749 shares of the company's stock valued at $127,104,000 after acquiring an additional 84,250 shares during the period. Congress Asset Management Co. boosted its holdings in shares of Boot Barn by 0.9% in the 3rd quarter. Congress Asset Management Co. now owns 804,659 shares of the company's stock valued at $96,937,000 after acquiring an additional 7,040 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Boot Barn by 114.6% in the 1st quarter. Bank of America Corp DE now owns 655,374 shares of the company's stock valued at $95,921,000 after acquiring an additional 349,985 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Boot Barn by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 645,342 shares of the company's stock valued at $94,440,000 after acquiring an additional 9,816 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BOOT shares. Weiss Ratings raised shares of Boot Barn from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, November 4th. Piper Sandler restated an "overweight" rating and set a $187.00 target price (down from $226.00) on shares of Boot Barn in a research report on Thursday, October 29th. Needham & Company LLC assumed coverage on shares of Boot Barn in a report on Friday, October 16th. They issued a "buy" rating and a $150.00 price target on the stock. The Goldman Sachs Group set a $203.00 price target on Boot Barn in a research report on Thursday, October 29th. Finally, Stephens increased their price target on Boot Barn from $196.00 to $207.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $183.92.

Boot Barn Trading Up 3.4%

NYSE BOOT opened at $135.39 on Tuesday. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 1.11 and a beta of 1.72. The stock has a 50-day moving average of $128.43 and a 200 day moving average of $156.67. Boot Barn Holdings, Inc. has a twelve month low of $110.53 and a twelve month high of $210.25.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.63 by $0.10. The company had revenue of $581.81 million for the quarter, compared to analyst estimates of $580.80 million. Boot Barn had a return on equity of 18.82% and a net margin of 10.45%. Boot Barn's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $1.37 earnings per share. Equities analysts predict that Boot Barn Holdings, Inc. will post 8.93 EPS for the current fiscal year.

About Boot Barn

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