Victory Capital Management Inc. Has $2.40 Million Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Victory Capital Management Inc. grew its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 51.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,362 shares of the company’s stock after buying an additional 4,856 shares during the period. Victory Capital Management Inc.’s holdings in Boot Barn were worth $2,402,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. GHP Investment Advisors Inc. bought a new stake in Boot Barn in the 3rd quarter worth about $25,000. GAMMA Investing LLC raised its stake in shares of Boot Barn by 111.1% in the second 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 period. Canada Pension Plan Investment Board purchased a new position in shares of Boot Barn during the 2nd quarter valued at $64,000. 1620 Investment Advisors Inc. purchased a new stake in Boot Barn in the 2nd quarter worth about $84,000. Finally, USA Financial Formulas purchased a new position in Boot Barn in the 3rd quarter valued at approximately $92,000.

Boot Barn Stock Performance

Shares of BOOT stock opened at $137.05 on Monday. The firm has a market capitalization of $4.18 billion, a P/E ratio of 27.52 and a beta of 2.16. Boot Barn Holdings, Inc. has a 52-week low of $68.37 and a 52-week high of $169.83. The stock has a 50 day moving average price of $151.42 and a 200 day moving average price of $135.96.

Boot Barn (NYSE:BOOT) last announced its earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.02. The business had revenue of $425.80 million for the quarter, compared to analysts’ expectations of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. As a group, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BOOT shares. Piper Sandler reaffirmed an “overweight” rating and issued a $179.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. UBS Group boosted their target price on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Citigroup decreased their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Williams Trading reissued a “buy” rating and set a $173.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. Finally, Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.55.

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.