Dimensional Fund Advisors LP Raises Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Dimensional Fund Advisors LP boosted its stake in Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,055,012 shares of the company’s stock after purchasing an additional 63,802 shares during the quarter. Dimensional Fund Advisors LP owned about 3.54% of Boot Barn worth $65,957,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BOOT. US Bancorp DE lifted its position in shares of Boot Barn by 3.7% during the first quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $425,000 after purchasing an additional 161 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Boot Barn by 14.7% in the second quarter. Captrust Financial Advisors now owns 1,767 shares of the company’s stock worth $122,000 after purchasing an additional 226 shares during the period. Mackenzie Financial Corp lifted its holdings in Boot Barn by 9.9% in the 1st quarter. Mackenzie Financial Corp now owns 2,611 shares of the company’s stock valued at $247,000 after acquiring an additional 235 shares during the last quarter. Rothschild Investment Corp IL lifted its holdings in Boot Barn by 4.7% in the 4th quarter. Rothschild Investment Corp IL now owns 6,476 shares of the company’s stock valued at $405,000 after acquiring an additional 289 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in Boot Barn by 4.1% in the 4th quarter. Arizona State Retirement System now owns 8,410 shares of the company’s stock valued at $526,000 after acquiring an additional 329 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. BTIG Research reduced their price objective on shares of Boot Barn from $110.00 to $107.00 in a research note on Monday, May 15th. 888 reaffirmed a “maintains” rating on shares of Boot Barn in a research note on Thursday, May 18th. JPMorgan Chase & Co. upped their price objective on shares of Boot Barn from $94.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, January 26th. Citigroup reduced their price objective on shares of Boot Barn from $93.00 to $84.00 in a research note on Thursday, May 18th. Finally, Robert W. Baird dropped their target price on Boot Barn from $86.00 to $70.00 in a report on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Boot Barn has a consensus rating of “Moderate Buy” and a consensus price target of $88.40.

Boot Barn Stock Up 2.1 %

Shares of Boot Barn stock opened at $67.20 on Friday. The stock has a market capitalization of $2.01 billion, a P/E ratio of 11.96, a PEG ratio of 1.12 and a beta of 2.35. The company has a quick ratio of 0.21, a current ratio of 1.79 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $72.14 and a two-hundred day moving average price of $71.07. Boot Barn Holdings, Inc. has a 12-month low of $50.20 and a 12-month high of $88.80.

Boot Barn (NYSE:BOOT – Get Rating) last posted its quarterly earnings data on Wednesday, May 17th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.08. Boot Barn had a return on equity of 24.07% and a net margin of 10.29%. The company had revenue of $425.70 million during the quarter, compared to analysts’ expectations of $441.00 million. During the same period in the prior year, the business earned $1.47 earnings per share. Boot Barn’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts expect that Boot Barn Holdings, Inc. will post 4.92 earnings per share for the current year.

About Boot Barn

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Boot Barn Holdings, Inc engages in the operation of retail stores of western and work-related footwear, apparel, and accessories. The firm’s products include boots, jeans, accessories, hats, gifts and home products, and work wear. Its brands include Ariat, Wrangler, Lucchese Boots, Idyllwind, and Cinch.