First Trust Advisors LP Boosts Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

First Trust Advisors LP increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 672.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,602 shares of the company's stock after acquiring an additional 43,178 shares during the quarter. First Trust Advisors LP owned about 0.16% of Boot Barn worth $7,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Commerce Bank boosted its holdings in Boot Barn by 20.9% in the fourth quarter. Commerce Bank now owns 3,852 shares of the company's stock worth $585,000 after acquiring an additional 667 shares in the last quarter. Farringdon Capital Ltd. acquired a new stake in Boot Barn in the 4th quarter worth approximately $214,000. Barclays PLC grew its position in Boot Barn by 12.1% during the 4th quarter. Barclays PLC now owns 58,093 shares of the company's stock worth $8,820,000 after purchasing an additional 6,288 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Boot Barn by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,096 shares of the company's stock worth $470,000 after buying an additional 98 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC acquired a new stake in shares of Boot Barn during the fourth quarter worth $7,316,000.

Boot Barn Stock Up 5.3 %

Shares of NYSE BOOT traded up $5.73 during trading on Friday, hitting $113.46. The company had a trading volume of 1,009,606 shares, compared to its average volume of 817,881. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.17 and a beta of 1.59. The stock has a fifty day simple moving average of $104.14 and a two-hundred day simple moving average of $132.17. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings data 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%. On average, analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Analyst Ratings Changes

Several equities 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. StockNews.com lowered Boot Barn from a "hold" rating to a "sell" rating in a report on Monday, February 17th. Piper Sandler set a $162.00 target price on Boot Barn in a report on Friday, April 25th. Stephens assumed coverage on shares of Boot Barn in a report on Wednesday, April 9th. They issued an "overweight" rating and a $100.00 price target on the stock. Finally, BTIG Research raised their price target on shares of Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. One 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 issued a strong buy rating to the company. According to data from MarketBeat, Boot Barn has a consensus rating of "Moderate Buy" and an average price target of $165.85.

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.