Northern Trust Corp Acquires 63,536 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Northern Trust Corp boosted its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 369,365 shares of the company's stock after acquiring an additional 63,536 shares during the period. Northern Trust Corp owned 1.21% of Boot Barn worth $56,077,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC purchased a new stake in Boot Barn in the fourth quarter worth $1,642,000. Coldstream Capital Management Inc. boosted its holdings in shares of Boot Barn by 7.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,367 shares of the company's stock valued at $208,000 after buying an additional 97 shares in the last quarter. Hancock Whitney Corp grew its position in shares of Boot Barn by 7.7% in the 4th quarter. Hancock Whitney Corp now owns 2,736 shares of the company's stock worth $415,000 after buying an additional 196 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in shares of Boot Barn by 10.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 278,061 shares of the company's stock worth $42,215,000 after acquiring an additional 26,064 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Boot Barn by 10.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,511 shares of the company's stock valued at $3,418,000 after acquiring an additional 2,146 shares during the period.

Boot Barn Stock Performance

BOOT stock opened at $111.97 on Thursday. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of 1.17 and a beta of 1.59. The business's 50-day moving average is $103.39 and its two-hundred day moving average is $131.04. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $176.64.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. BTIG Research upped their price objective 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. StockNews.com downgraded Boot Barn from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. UBS Group lowered their price objective on Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. 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 note on Wednesday, April 23rd. Finally, KeyCorp lowered their price target on Boot Barn from $190.00 to $165.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. One 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 assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $165.85.

About Boot Barn

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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