Argent Trust Co Acquires Shares of 2,142 Boot Barn Holdings, Inc. (NYSE:BOOT)

Argent Trust Co bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,142 shares of the company’s stock, valued at approximately $276,000.

Several other large investors have also made changes to their positions in the company. Edgestream Partners L.P. boosted its position in Boot Barn by 14.4% in the second quarter. Edgestream Partners L.P. now owns 3,637 shares of the company’s stock valued at $469,000 after buying an additional 457 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Boot Barn in the 2nd quarter worth approximately $257,000. Oppenheimer Asset Management Inc. grew its position in Boot Barn by 22.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 22,223 shares of the company’s stock worth $2,865,000 after acquiring an additional 4,146 shares during the last quarter. Thoroughbred Financial Services LLC bought a new stake in Boot Barn during the 2nd quarter worth approximately $263,000. Finally, Texas Permanent School Fund Corp increased its holdings in Boot Barn by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 26,677 shares of the company’s stock valued at $3,439,000 after purchasing an additional 158 shares in the last quarter.

Boot Barn Stock Performance

Shares of BOOT stock opened at $167.81 on Friday. The firm’s 50 day moving average price is $134.96 and its two-hundred day moving average price is $118.08. Boot Barn Holdings, Inc. has a 52-week low of $66.73 and a 52-week high of $168.70. The stock has a market cap of $5.10 billion, a PE ratio of 34.96 and a beta of 2.11.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.18. The business had revenue of $423.40 million for the quarter, compared to analyst estimates of $415.04 million. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $1.11 EPS. As a group, sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

BOOT has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. 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 report on Thursday, August 8th. UBS Group raised their price objective on shares of Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Robert W. Baird upped their target price on shares of Boot Barn from $132.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, Craig Hallum raised their price target on shares of Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. One equities 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, Boot Barn presently has an average rating of “Moderate Buy” and an average 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.