By otakuyassine3@gmail.com 
Franklin Resources Inc. increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 420,688 shares of the company’s stock after acquiring an additional 4,226 shares during the quarter. Franklin Resources Inc.’s holdings in Boot Barn were worth $68,004,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP acquired a new stake in Boot Barn in the second quarter worth about $19,532,000. F M Investments LLC purchased a new position in shares of Boot Barn in the 2nd quarter valued at approximately $14,888,000. State Street Corp boosted its stake in Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company’s stock worth $202,132,000 after purchasing an additional 51,356 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Boot Barn during the 3rd quarter worth approximately $5,931,000. Finally, Sei Investments Co. increased its stake in Boot Barn by 39.3% during the 2nd quarter. Sei Investments Co. now owns 102,933 shares of the company’s stock valued at $13,271,000 after purchasing an additional 29,049 shares in the last quarter.
Boot Barn Price Performance
BOOT opened at $148.89 on Tuesday. The firm has a fifty day moving average price of $145.26 and a 200 day moving average price of $139.77. Boot Barn Holdings, Inc. has a 1 year low of $68.37 and a 1 year high of $169.83. The stock has a market cap of $4.54 billion, a P/E ratio of 29.90 and a beta of 2.14.
Boot Barn (NYSE:BOOT – Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The business had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The company’s revenue was up 13.7% compared to the same quarter last year. Equities analysts expect that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on BOOT. Piper Sandler reissued an “overweight” rating and set a $179.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Williams Trading reiterated a “buy” rating and set a $173.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. UBS Group raised their price objective on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Citigroup dropped their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Finally, Benchmark reissued a “buy” rating and set a $192.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.55.
Check Out Our Latest Analysis on BOOT
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.
See Also
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