LPL Financial LLC Acquires 4,663 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

LPL Financial LLC raised its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 50.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,957 shares of the company’s stock after purchasing an additional 4,663 shares during the period. LPL Financial LLC’s holdings in Boot Barn were worth $2,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in Boot Barn by 1,430.0% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after buying an additional 143 shares in the last quarter. Signaturefd LLC raised its stake in Boot Barn by 201.8% in the fourth quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after purchasing an additional 111 shares in the last quarter. Assetmark Inc. raised its position in shares of Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock valued at $55,000 after buying an additional 113 shares in the last quarter. R Squared Ltd purchased a new stake in Boot Barn during the fourth quarter valued at about $102,000. Finally, Smartleaf Asset Management LLC lifted its position in Boot Barn by 212.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock worth $115,000 after buying an additional 509 shares during the last quarter.

Wall Street Analyst Weigh In

BOOT has been the subject of several analyst reports. Piper Sandler restated an “overweight” rating and set a $181.00 price target (up from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. BTIG Research lifted their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Craig Hallum set a $178.00 price target on shares of Boot Barn in a research note on Friday, January 31st. Finally, UBS Group reduced their price objective on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.62.

Boot Barn Price Performance

NYSE BOOT opened at $97.55 on Tuesday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.17 and a beta of 1.75. The business’s fifty day moving average price is $114.01 and its 200-day moving average price is $138.05. Boot Barn Holdings, Inc. has a 1-year low of $88.23 and a 1-year high of $176.64.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share 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%. Equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

About Boot Barn

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.