Lazard Asset Management LLC Purchases 405 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Lazard Asset Management LLC increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOTGet Rating) by 72.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 962 shares of the company’s stock after acquiring an additional 405 shares during the period. Lazard Asset Management LLC’s holdings in Boot Barn were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Boot Barn by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 2,663,917 shares of the company’s stock worth $252,512,000 after buying an additional 84,077 shares during the last quarter. State Street Corp increased its holdings in shares of Boot Barn by 2.5% in the 1st quarter. State Street Corp now owns 965,998 shares of the company’s stock worth $91,567,000 after buying an additional 23,442 shares during the last quarter. Hood River Capital Management LLC grew its holdings in shares of Boot Barn by 3.7% during the 1st quarter. Hood River Capital Management LLC now owns 729,542 shares of the company’s stock valued at $69,153,000 after purchasing an additional 25,692 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Boot Barn by 4.0% during the 1st quarter. William Blair Investment Management LLC now owns 612,778 shares of the company’s stock valued at $58,085,000 after purchasing an additional 23,414 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Boot Barn by 20.9% during the 2nd quarter. Victory Capital Management Inc. now owns 429,249 shares of the company’s stock valued at $29,579,000 after purchasing an additional 74,231 shares during the last quarter.

Boot Barn Trading Up 1.5 %

NYSE:BOOT opened at $64.35 on Friday. The company has a 50-day moving average price of $58.96 and a 200-day moving average price of $68.20. Boot Barn Holdings, Inc. has a 12 month low of $50.20 and a 12 month high of $131.02. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 0.55 and a beta of 2.34.

Boot Barn (NYSE:BOOTGet Rating) last posted its earnings results on Wednesday, October 26th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.90 by $0.16. Boot Barn had a net margin of 11.68% and a return on equity of 29.71%. The firm had revenue of $351.55 million during the quarter, compared to analysts’ expectations of $343.00 million. During the same period last year, the company posted $1.22 EPS. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities analysts forecast that Boot Barn Holdings, Inc. will post 5.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BOOT has been the topic of several recent research reports. Cowen reduced their target price on shares of Boot Barn from $140.00 to $90.00 in a report on Thursday, July 28th. TheStreet lowered shares of Boot Barn from a “b-” rating to a “c+” rating in a report on Monday, October 31st. Craig Hallum reduced their target price on shares of Boot Barn to $100.00 in a report on Thursday, October 27th. StockNews.com assumed coverage on shares of Boot Barn in a report on Wednesday, October 12th. They set a “sell” rating on the stock. Finally, Citigroup dropped their price target on shares of Boot Barn from $99.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, October 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $99.56.

Insider Transactions at Boot Barn

In related news, CFO James M. Watkins bought 2,500 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was purchased at an average cost of $52.34 per share, with a total value of $130,850.00. Following the transaction, the chief financial officer now owns 11,730 shares in the company, valued at approximately $613,948.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Boot Barn Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Boot Barn (NYSE:BOOT)

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