Man Group plc increased its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 228.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,871 shares of the company's stock after acquiring an additional 87,599 shares during the period. Man Group plc owned approximately 0.41% of Boot Barn worth $19,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of 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 acquiring an additional 111 shares during the last quarter. Blue Trust Inc. boosted its holdings in Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Assetmark Inc. grew its position in Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after purchasing an additional 113 shares during the period. R Squared Ltd purchased a new position in shares of Boot Barn during the 4th quarter valued at about $102,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Boot Barn by 212.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock valued at $115,000 after buying an additional 509 shares during the period.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Citigroup raised their target price on Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Wall Street Zen lowered shares of Boot Barn from a "hold" rating to a "sell" rating in a report on Monday, February 17th. KeyCorp decreased their target price on shares of Boot Barn from $190.00 to $165.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. UBS Group increased their price target on shares of Boot Barn from $156.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Piper Sandler lifted their price objective on shares of Boot Barn from $162.00 to $184.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $170.62.
View Our Latest Report on Boot Barn
Boot Barn Trading Up 3.1%
BOOT traded up $4.86 on Thursday, hitting $162.27. 161,834 shares of the company's stock were exchanged, compared to its average volume of 824,616. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $176.64. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 28.95, a P/E/G ratio of 1.17 and a beta of 1.59. The firm has a 50-day moving average price of $110.57 and a 200-day moving average price of $130.74.
Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $1.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.24 by ($0.02). Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. The business had revenue of $453.75 million for the quarter, compared to analyst estimates of $458.56 million. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The business's revenue was up 16.8% compared to the same quarter last year. On average, equities analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.
Boot Barn announced that its board has approved a stock repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 4.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.
Boot Barn Profile
(
Free Report)
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.
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