JPMorgan Chase & Co. Increases Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

JPMorgan Chase & Co. grew its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 56.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,305 shares of the company’s stock after purchasing an additional 51,032 shares during the period. JPMorgan Chase & Co. owned approximately 0.46% of Boot Barn worth $23,638,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Trust Point Inc. boosted its position in shares of Boot Barn by 0.8% during the 3rd quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock valued at $1,524,000 after acquiring an additional 71 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Boot Barn by 3.7% during the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock valued at $382,000 after purchasing an additional 82 shares in the last quarter. Fisher Asset Management LLC lifted its position in Boot Barn by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock valued at $701,000 after purchasing an additional 83 shares during the last quarter. Kings Path Partners LLC lifted its position in Boot Barn by 2.7% during the third quarter. Kings Path Partners LLC now owns 5,430 shares of the company’s stock valued at $908,000 after purchasing an additional 142 shares during the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Boot Barn in the 3rd quarter worth $25,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BOOT shares. Bank of America initiated coverage on Boot Barn in a research report on Tuesday. They set a “buy” rating and a $187.00 price objective on the stock. Citigroup decreased their price target on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Craig Hallum cut shares of Boot Barn from a “buy” rating to a “hold” rating and boosted their price objective for the company from $154.00 to $162.00 in a research report on Friday, October 25th. Finally, Benchmark restated a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.00.

Boot Barn Trading Down 0.3 %

Shares of BOOT stock opened at $159.99 on Thursday. The company has a market capitalization of $4.88 billion, a P/E ratio of 32.13 and a beta of 2.10. Boot Barn Holdings, Inc. has a 12-month low of $69.35 and a 12-month high of $169.83. The business’s 50 day moving average is $143.21 and its two-hundred day moving average is $142.55.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The firm had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. During the same period last year, the company posted $0.91 EPS. Boot Barn’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, research analysts predict that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO John Hazen sold 6,311 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the transaction, the chief executive officer now owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Boot Barn Company 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.