Raymond James Financial Inc. Invests $42.44 Million in Boot Barn Holdings, Inc. (NYSE:BOOT)

Raymond James Financial Inc. bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 279,542 shares of the company's stock, valued at approximately $42,440,000. Raymond James Financial Inc. owned approximately 0.91% of Boot Barn at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Boot Barn by 201.8% during 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 last quarter. Blue Trust Inc. lifted its position in Boot Barn by 1,430.0% during 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 in the last quarter. Assetmark Inc. grew its holdings in Boot Barn by 45.2% during the fourth 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. R Squared Ltd purchased a new stake in Boot Barn in the fourth quarter worth about $102,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Boot Barn by 212.1% during 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 in the last quarter.

Analyst Upgrades and Downgrades

BOOT has been the subject of several analyst reports. KeyCorp raised shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 target price for the company in a report on Thursday, January 23rd. UBS Group decreased their price objective on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Craig Hallum set a $178.00 target price on shares of Boot Barn in a report on Friday, January 31st. Stephens initiated coverage on Boot Barn in a report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given 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 a consensus target price of $175.62.

Boot Barn Price Performance

Shares of Boot Barn stock traded down $3.87 during trading hours on Monday, reaching $87.67. The company's stock had a trading volume of 97,833 shares, compared to its average volume of 807,113. The firm has a 50 day moving average price of $110.31 and a 200-day moving average price of $135.95. The stock has a market cap of $2.68 billion, a P/E ratio of 15.70, a P/E/G ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a one year low of $86.87 and a one year high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating 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%. As a group, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

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.