Thoroughbred Financial Services LLC Takes $263,000 Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Thoroughbred Financial Services LLC acquired a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,046 shares of the company’s stock, valued at approximately $263,000.

A number of other hedge funds have also bought and sold shares of BOOT. Wellington Management Group LLP grew its stake in shares of Boot Barn by 186.6% in the fourth quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock worth $197,527,000 after acquiring an additional 1,675,410 shares during the period. Wasatch Advisors LP grew its position in Boot Barn by 43.8% in the 1st quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock worth $202,830,000 after purchasing an additional 649,021 shares during the period. Westwood Holdings Group Inc. purchased a new stake in Boot Barn during the 4th quarter valued at $32,361,000. Capital Research Global Investors bought a new position in shares of Boot Barn during the 1st quarter valued at $32,779,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Boot Barn by 1,212.4% in the 1st quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock worth $27,134,000 after buying an additional 263,444 shares during the last quarter.

Boot Barn Stock Performance

Shares of Boot Barn stock opened at $156.94 on Wednesday. Boot Barn Holdings, Inc. has a fifty-two week low of $66.73 and a fifty-two week high of $162.16. The company has a market capitalization of $4.77 billion, a P/E ratio of 32.87 and a beta of 2.11. The company has a fifty day moving average of $132.83 and a 200 day moving average of $116.99.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The firm had revenue of $423.40 million during the quarter, compared to analyst estimates of $415.04 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. Analysts forecast that Boot Barn Holdings, Inc. will post 5.3 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on BOOT shares. UBS Group increased their target price on Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Piper Sandler increased their price objective on shares of Boot Barn from $144.00 to $147.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Boot Barn from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. BTIG Research upped their target price on shares of Boot Barn from $150.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, TD Cowen lifted their price target on shares of Boot Barn from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.10.

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.