Victory Capital Management Inc. Boosts Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Victory Capital Management Inc. raised its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 51.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,362 shares of the company’s stock after acquiring an additional 4,856 shares during the period. Victory Capital Management Inc.’s holdings in Boot Barn were worth $2,402,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Public Sector Pension Investment Board grew its stake in Boot Barn by 7.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 66,902 shares of the company’s stock valued at $8,626,000 after acquiring an additional 4,785 shares during the period. Raymond James & Associates lifted its stake in shares of Boot Barn by 1.8% in the second quarter. Raymond James & Associates now owns 49,263 shares of the company’s stock worth $6,351,000 after buying an additional 875 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Boot Barn during the second quarter worth about $554,000. Smith Shellnut Wilson LLC ADV acquired a new stake in Boot Barn in the 2nd quarter valued at about $255,000. Finally, Calamos Advisors LLC acquired a new position in Boot Barn during the second quarter worth $1,123,000.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BOOT. Williams Trading reiterated a “buy” rating and issued a $173.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and set a $192.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. BTIG Research lifted their price target on shares of Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $179.00 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 given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Boot Barn has an average rating of “Moderate Buy” and an average price target of $164.55.

Boot Barn Stock Performance

BOOT stock opened at $137.05 on Monday. The stock’s fifty day moving average is $151.42 and its two-hundred day moving average is $135.96. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 27.52 and a beta of 2.16. Boot Barn Holdings, Inc. has a 1 year low of $68.37 and a 1 year high of $169.83.

Boot Barn (NYSE:BOOT) last announced its earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.02. The business had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. During the same quarter last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal 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.