Marshall Wace LLP Invests $19.53 Million in Boot Barn Holdings, Inc. (NYSE:BOOT)

Marshall Wace LLP acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 151,490 shares of the company’s stock, valued at approximately $19,532,000. Marshall Wace LLP owned approximately 0.50% of Boot Barn at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BOOT. US Bancorp DE raised its stake in shares of Boot Barn by 39.9% in the 4th quarter. US Bancorp DE now owns 12,232 shares of the company’s stock worth $939,000 after buying an additional 3,487 shares in the last quarter. Capstone Investment Advisors LLC lifted its holdings in Boot Barn by 80.1% in the 4th quarter. Capstone Investment Advisors LLC now owns 8,592 shares of the company’s stock valued at $660,000 after acquiring an additional 3,821 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of Boot Barn by 17.6% during the 4th quarter. Eagle Asset Management Inc. now owns 337,335 shares of the company’s stock valued at $25,894,000 after purchasing an additional 50,577 shares in the last quarter. Prevail Innovative Wealth Advisors LLC grew its stake in shares of Boot Barn by 60.0% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 28,522 shares of the company’s stock worth $2,189,000 after purchasing an additional 10,699 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Boot Barn by 25.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 375,613 shares of the company’s stock worth $28,832,000 after purchasing an additional 75,432 shares during the last quarter.

Analyst Upgrades and Downgrades

BOOT has been the subject of a number of research reports. Craig Hallum raised their target price on shares of Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Robert W. Baird boosted their target price on Boot Barn from $132.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. TD Cowen upped their target price on Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. BTIG Research lifted their price target on Boot Barn from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Boot Barn from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.10.

Boot Barn Stock Performance

Shares of BOOT opened at $165.12 on Friday. The company has a market capitalization of $5.02 billion, a PE ratio of 34.40 and a beta of 2.11. The company’s 50 day moving average price is $139.95 and its 200 day moving average price is $121.26. Boot Barn Holdings, Inc. has a 52 week low of $66.73 and a 52 week high of $169.05.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, topping 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 business had revenue of $423.40 million for the quarter, compared to the consensus estimate of $415.04 million. During the same period in the prior year, the business posted $1.11 earnings per share. Boot Barn’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.31 earnings per share 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.