WINTON GROUP Ltd Invests $257,000 in Boot Barn Holdings, Inc. (NYSE:BOOT)

WINTON GROUP Ltd bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,990 shares of the company’s stock, valued at approximately $257,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Boot Barn by 111.1% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock worth $34,000 after buying an additional 140 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of Boot Barn in the 2nd quarter worth about $84,000. First Horizon Advisors Inc. grew its position in shares of Boot Barn by 11.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock worth $120,000 after buying an additional 94 shares during the period. Principal Securities Inc. bought a new position in Boot Barn in the 4th quarter worth about $102,000. Finally, Quest Partners LLC bought a new position in Boot Barn in the 4th quarter worth about $112,000.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $140.00 price target on shares of Boot Barn in a research note on Wednesday, September 11th. UBS Group upped their price target on shares of Boot Barn from $125.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Craig Hallum upped their price target on shares of Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. BTIG Research upped their price target on shares of Boot Barn from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, Robert W. Baird upped their price target on shares of Boot Barn from $132.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Boot Barn presently has a consensus rating of “Moderate Buy” and an average target price of $141.10.

Boot Barn Stock Up 2.2 %

NYSE BOOT opened at $160.33 on Thursday. Boot Barn Holdings, Inc. has a 52 week low of $66.73 and a 52 week high of $164.43. The firm has a market capitalization of $4.87 billion, a P/E ratio of 33.14 and a beta of 2.11. The company has a 50-day moving average price of $133.47 and a 200-day moving average price of $117.45.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.08 by $0.18. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. 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 firm earned $1.11 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.3 EPS for the current year.

About Boot Barn

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.