American Century Companies Inc. Has $51.74 Million Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

American Century Companies Inc. decreased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 20.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 401,310 shares of the company’s stock after selling 102,542 shares during the quarter. American Century Companies Inc. owned 1.32% of Boot Barn worth $51,741,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Broad Bay Capital Management LP increased its holdings in Boot Barn by 25.0% in the 4th quarter. Broad Bay Capital Management LP now owns 400,000 shares of the company’s stock valued at $30,704,000 after buying an additional 80,000 shares during the period. Eagle Asset Management Inc. increased its holdings in Boot Barn by 17.6% in the 4th quarter. Eagle Asset Management Inc. now owns 337,335 shares of the company’s stock valued at $25,894,000 after buying an additional 50,577 shares during the period. Prevail Innovative Wealth Advisors LLC increased its holdings in Boot Barn by 60.0% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 28,522 shares of the company’s stock valued at $2,189,000 after buying an additional 10,699 shares during the period. UniSuper Management Pty Ltd bought a new position in Boot Barn in the 1st quarter valued at about $695,000. Finally, Sei Investments Co. increased its holdings in Boot Barn by 52.5% in the 1st quarter. Sei Investments Co. now owns 73,884 shares of the company’s stock valued at $7,030,000 after buying an additional 25,434 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BOOT shares. TD Cowen raised their target price on shares of Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Craig Hallum lifted their price target on shares of Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Benchmark reaffirmed a “buy” rating and set a $140.00 price target on shares of Boot Barn in a report on Wednesday, September 11th. BTIG Research lifted their price target on shares of Boot Barn from $150.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Citigroup lifted their price target on shares of Boot Barn from $122.00 to $154.00 and gave the company a “buy” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.10.

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $154.89 on Tuesday. Boot Barn Holdings, Inc. has a 52-week low of $66.73 and a 52-week high of $162.16. The company’s 50 day moving average price is $132.83 and its 200-day moving average price is $116.99. The company has a market capitalization of $4.72 billion, a P/E ratio of 32.27 and a beta of 2.11.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The company had revenue of $423.40 million for the quarter, compared to the consensus estimate of $415.04 million. During the same quarter in the previous year, the company earned $1.11 EPS. Boot Barn’s quarterly revenue was up 10.3% compared to the same quarter last year. Analysts forecast that Boot Barn Holdings, Inc. will post 5.3 earnings per share for the current year.

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.