Norges Bank Acquires New Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Norges Bank acquired a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 68,233 shares of the company’s stock, valued at approximately $10,359,000. Norges Bank owned approximately 0.22% of Boot Barn as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Boot Barn by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company’s stock valued at $517,686,000 after buying an additional 73,089 shares during the last quarter. State Street Corp grew its holdings in shares of Boot Barn by 4.4% during the third quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after purchasing an additional 51,356 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after purchasing an additional 6,369 shares during the period. American Century Companies Inc. lifted its holdings in shares of Boot Barn by 22.8% in the 4th quarter. American Century Companies Inc. now owns 493,977 shares of the company’s stock worth $74,996,000 after purchasing an additional 91,705 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Boot Barn by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock valued at $68,004,000 after purchasing an additional 4,226 shares during the period.

Boot Barn Stock Performance

BOOT opened at $91.23 on Wednesday. The company has a market capitalization of $2.79 billion, a PE ratio of 16.29, a P/E/G ratio of 1.17 and a beta of 1.75. The stock’s fifty day moving average is $119.36 and its 200-day moving average is $140.34. Boot Barn Holdings, Inc. has a one year low of $89.84 and a one year high of $176.64.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. On average, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BOOT. Robert W. Baird dropped their target price on Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. KeyCorp raised shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a report on Thursday, January 23rd. UBS Group reduced their target price on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Craig Hallum set a $178.00 price target on shares of Boot Barn in a research note on Friday, January 31st. Finally, Piper Sandler reiterated an “overweight” rating and set a $181.00 price objective (up from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $181.92.

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.