Sei Investments Co. Grows Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Sei Investments Co. raised its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 39.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,933 shares of the company’s stock after buying an additional 29,049 shares during the quarter. Sei Investments Co. owned approximately 0.34% of Boot Barn worth $13,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. First Horizon Advisors Inc. boosted its stake in Boot Barn by 11.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock worth $120,000 after purchasing an additional 94 shares during the period. Shaker Investments LLC OH increased its position in Boot Barn by 1.6% in the 2nd quarter. Shaker Investments LLC OH now owns 6,452 shares of the company’s stock valued at $832,000 after acquiring an additional 102 shares during the period. Nisa Investment Advisors LLC raised its stake in Boot Barn by 9.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company’s stock valued at $188,000 after acquiring an additional 126 shares during the last quarter. Tilia Fiduciary Partners Inc. lifted its position in Boot Barn by 1.4% during the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 10,209 shares of the company’s stock worth $1,316,000 after acquiring an additional 136 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Boot Barn by 111.1% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after purchasing an additional 140 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on shares of Boot Barn from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. UBS Group lifted their target price on shares of Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Benchmark reissued a “buy” rating and set a $140.00 price target on shares of Boot Barn in a report on Wednesday, September 11th. Craig Hallum lifted their price objective on Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Finally, BTIG Research increased their target price on Boot Barn from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Boot Barn has a consensus rating of “Moderate Buy” and a consensus price target of $141.10.

Boot Barn Price Performance

BOOT opened at $165.12 on Friday. The stock’s 50 day simple moving average is $139.95 and its 200 day simple moving average is $121.26. The stock has a market cap of $5.02 billion, a P/E ratio of 34.40 and a beta of 2.11. Boot Barn Holdings, Inc. has a 1-year low of $66.73 and a 1-year high of $169.05.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The business had revenue of $423.40 million during the quarter, compared to analysts’ expectations of $415.04 million. During the same quarter last year, the business posted $1.11 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. Research analysts expect that Boot Barn Holdings, Inc. will post 5.31 EPS for the current fiscal year.

Boot Barn Company 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.