Creative Planning Purchases 2,466 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Creative Planning grew its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 41.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,422 shares of the company’s stock after acquiring an additional 2,466 shares during the quarter. Creative Planning’s holdings in Boot Barn were worth $1,409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 140 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Boot Barn in the second quarter valued at approximately $64,000. 1620 Investment Advisors Inc. acquired a new stake in Boot Barn during the second quarter worth approximately $84,000. USA Financial Formulas bought a new position in Boot Barn during the 3rd quarter worth $92,000. Finally, First Horizon Advisors Inc. raised its holdings in Boot Barn by 11.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock valued at $120,000 after acquiring an additional 94 shares in the last quarter.

Wall Street Analyst Weigh In

BOOT has been the topic of a number of recent analyst reports. Williams Trading restated a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a research report on Tuesday. UBS Group raised their target price on shares of Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Craig Hallum cut shares of Boot Barn from a “buy” rating to a “hold” rating and boosted their target price for the company from $154.00 to $162.00 in a research report on Friday, October 25th. Benchmark reiterated a “buy” rating and set a $192.00 price target on shares of Boot Barn in a research report on Tuesday. Finally, Citigroup lowered their price objective on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Boot Barn has a consensus rating of “Moderate Buy” and an average price target of $164.55.

Boot Barn Stock Down 1.7 %

Boot Barn stock opened at $127.12 on Thursday. The company has a market capitalization of $3.86 billion, a P/E ratio of 26.48 and a beta of 2.12. The firm has a 50 day moving average price of $154.30 and a 200-day moving average price of $132.35. Boot Barn Holdings, Inc. has a twelve month low of $66.73 and a twelve month high of $169.83.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.02. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The company had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. During the same quarter last year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities analysts expect that Boot Barn Holdings, Inc. will post 5.29 EPS for the current fiscal year.

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.