LPL Financial LLC Has $2.12 Million Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

LPL Financial LLC raised its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 50.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,957 shares of the company's stock after buying an additional 4,663 shares during the period. LPL Financial LLC's holdings in Boot Barn were worth $2,119,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Louisiana State Employees Retirement System lifted its position in Boot Barn by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company's stock worth $2,247,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System lifted its holdings in Boot Barn by 1.1% during the 4th 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. Signaturefd LLC boosted its stake 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 purchasing an additional 111 shares during the period. Assetmark Inc. boosted its stake in Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock valued at $55,000 after purchasing an additional 113 shares during the period. Finally, OLD National Bancorp IN increased its position in Boot Barn by 6.2% during the 4th quarter. OLD National Bancorp IN now owns 2,230 shares of the company's stock worth $339,000 after buying an additional 130 shares during the period.

Boot Barn Stock Performance

Shares of BOOT traded up $1.82 during mid-day trading on Friday, reaching $91.55. The company had a trading volume of 826,962 shares, compared to its average volume of 809,922. The company's 50 day simple moving average is $110.31 and its 200 day simple moving average is $136.14. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a 1-year low of $88.07 and a 1-year high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. UBS Group decreased their price target on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. BTIG Research raised their target price on shares of Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a report on Monday, January 13th. JPMorgan Chase & Co. boosted their price target on Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. KeyCorp upgraded Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price objective on the stock in a research note on Thursday, January 23rd. Finally, Craig Hallum set a $178.00 target price on Boot Barn in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $175.62.

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.