Wells Fargo & Company MN Buys 6,646 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Wells Fargo & Company MN increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,934 shares of the company's stock after buying an additional 6,646 shares during the period. Wells Fargo & Company MN owned 0.15% of Boot Barn worth $6,974,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BOOT. Louisiana State Employees Retirement System boosted its holdings 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 valued at $2,247,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System grew its holdings in Boot Barn by 1.1% in the 4th quarter. Arizona State Retirement System now owns 8,853 shares of the company's stock valued at $1,344,000 after buying an additional 100 shares during the last quarter. Signaturefd LLC grew its holdings 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 buying an additional 111 shares during the last quarter. Assetmark Inc. increased its position in Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after buying an additional 113 shares during the period. Finally, OLD National Bancorp IN boosted its position in shares of Boot Barn by 6.2% in the fourth quarter. OLD National Bancorp IN now owns 2,230 shares of the company's stock valued at $339,000 after acquiring an additional 130 shares during the period.

Boot Barn Price Performance

Shares of BOOT traded up $2.70 on Thursday, hitting $99.56. The company's stock had a trading volume of 132,986 shares, compared to its average volume of 809,172. The company has a market capitalization of $3.05 billion, a PE ratio of 17.75, a PEG ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a fifty-two week low of $86.17 and a fifty-two week high of $176.64. The company has a 50 day moving average price of $107.83 and a 200 day moving average price of $134.86.

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 analysts' consensus estimates 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, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on BOOT. StockNews.com cut shares of Boot Barn from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. JPMorgan Chase & Co. increased their target price on shares of Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. UBS Group cut their price target on Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Piper Sandler restated an "overweight" rating and set a $181.00 price objective (up from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. Finally, KeyCorp raised Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 target price for the company in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boot Barn currently has a consensus rating of "Moderate Buy" and an average price target of $169.23.

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.