500 Shares in Boot Barn Holdings, Inc. (NYSE:BOOT) Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 500 shares of the company’s stock, valued at approximately $64,000.

Several other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of Boot Barn by 111.1% in the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock worth $34,000 after acquiring an additional 140 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Boot Barn during the 2nd quarter worth about $84,000. First Horizon Advisors Inc. raised its position in shares of Boot Barn by 11.2% during the second quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock valued at $120,000 after buying an additional 94 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Boot Barn in the fourth quarter valued at about $165,000. Finally, Nisa Investment Advisors LLC grew its position in Boot Barn by 9.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company’s stock worth $188,000 after buying an additional 126 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Boot Barn Price Performance

NYSE BOOT opened at $165.12 on Monday. The stock’s 50 day simple moving average is $139.95 and its 200 day simple moving average is $121.76. Boot Barn Holdings, Inc. has a one year low of $66.73 and a one year high of $169.05. The firm has a market cap of $5.02 billion, a PE ratio of 34.40 and a beta of 2.11.

Boot Barn (NYSE:BOOT) last announced its 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. The company had revenue of $423.40 million during the quarter, compared to analyst estimates of $415.04 million. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company posted $1.11 earnings per share. As a group, equities analysts expect that Boot Barn Holdings, Inc. will post 5.31 earnings per share for the current 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.