9,688 Shares of Boot Barn Holdings, Inc. $BOOT Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP acquired a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the third quarter, Holdings Channel reports. The fund acquired 9,688 shares of the company’s stock, valued at approximately $1,181,000.

Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Boot Barn in the 2nd quarter valued at about $840,629,000. Wellington Management Group LLP boosted its holdings in Boot Barn by 12.2% during the 2nd quarter. Wellington Management Group LLP now owns 773,749 shares of the company’s stock valued at $127,104,000 after acquiring an additional 84,250 shares during the period. Congress Asset Management Co. boosted its holdings in Boot Barn by 0.9% during the 3rd quarter. Congress Asset Management Co. now owns 804,659 shares of the company’s stock valued at $96,937,000 after acquiring an additional 7,040 shares during the period. Bank of America Corp DE grew its position in Boot Barn by 114.6% during the 1st quarter. Bank of America Corp DE now owns 655,374 shares of the company’s stock worth $95,921,000 after acquiring an additional 349,985 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Boot Barn by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 645,342 shares of the company’s stock worth $94,440,000 after acquiring an additional 9,816 shares during the last quarter.

Boot Barn Trading Up 0.8%

Boot Barn stock opened at $135.44 on Thursday. The firm has a 50-day moving average of $127.84 and a 200-day moving average of $156.16. The firm has a market cap of $4.05 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.03 and a beta of 1.72. Boot Barn Holdings, Inc. has a 1-year low of $110.53 and a 1-year high of $210.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.10. Boot Barn had a return on equity of 18.82% and a net margin of 10.45%. The company had revenue of $581.81 million for the quarter, compared to the consensus estimate of $580.80 million. During the same quarter in the previous year, the business earned $1.37 EPS. Boot Barn’s revenue was up 15.1% compared to the same quarter last year. Research analysts forecast that Boot Barn Holdings, Inc. will post 8.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BOOT. Needham & Company LLC assumed coverage on Boot Barn in a research note on Friday, October 16th. They issued a “buy” rating and a $150.00 price target on the stock. Jefferies Financial Group reissued a “buy” rating and set a $175.00 price objective on shares of Boot Barn in a research note on Friday, October 30th. Zacks Research downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Piper Sandler reiterated an “overweight” rating and set a $187.00 price target (down from $226.00) on shares of Boot Barn in a report on Thursday, October 29th. Finally, Weiss Ratings raised shares of Boot Barn from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, November 4th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $183.92.

Boot Barn Company Profile

Boot Barn Holdings, Inc. is a U.S. retailer specializing in Western and work-related footwear, apparel and accessories. It serves customers through retail stores and online sales. Its merchandise includes cowboy boots and other footwear, jeans, shirts, hats, outerwear, work clothing and safety footwear. Boot Barn sells products from third-party brands as well as private-label brands. The company serves customers across the United States and caters to Western lifestyle, workwear and outdoor customers.