Mackenzie Financial Corp Acquires New Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Mackenzie Financial Corp bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,849 shares of the company’s stock, valued at approximately $238,000.

A number of other large investors have also made changes to their positions in BOOT. First Horizon Advisors Inc. increased its holdings in Boot Barn by 11.2% in the second 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 last quarter. Shaker Investments LLC OH grew its position in Boot Barn by 1.6% in the second quarter. Shaker Investments LLC OH now owns 6,452 shares of the company’s stock valued at $832,000 after acquiring an additional 102 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Boot Barn by 9.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company’s stock worth $188,000 after buying an additional 126 shares in the last quarter. Tilia Fiduciary Partners Inc. raised its holdings in shares of Boot Barn by 1.4% in the second quarter. Tilia Fiduciary Partners Inc. now owns 10,209 shares of the company’s stock valued at $1,316,000 after buying an additional 136 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Boot Barn by 111.1% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after buying an additional 140 shares during the last quarter.

Boot Barn Trading Down 2.5 %

Shares of NYSE:BOOT opened at $161.61 on Tuesday. Boot Barn Holdings, Inc. has a 12 month low of $66.73 and a 12 month high of $169.07. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 33.67 and a beta of 2.12. The firm’s 50-day moving average is $144.85 and its 200 day moving average is $125.11.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.18. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The business had revenue of $423.40 million during the quarter, compared to analysts’ expectations of $415.04 million. During the same period in the prior year, the business 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 analysts forecast that Boot Barn Holdings, Inc. will post 5.31 EPS for the current fiscal year.

Analyst Ratings Changes

BOOT has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Citigroup lifted their price objective on shares of Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of Boot Barn in a research note on Wednesday, September 11th. Robert W. Baird lifted their price objective on shares of Boot Barn from $140.00 to $167.00 and gave the company a “neutral” rating in a research note on Tuesday, October 1st. Finally, BTIG Research boosted their price objective on Boot Barn from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $143.80.

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.