Algert Global LLC Buys 19,950 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Algert Global LLC increased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 653.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,001 shares of the company’s stock after purchasing an additional 19,950 shares during the quarter. Algert Global LLC owned 0.08% of Boot Barn worth $3,848,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Trust Point Inc. increased its stake in shares of Boot Barn by 0.8% in the 3rd quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock valued at $1,524,000 after purchasing an additional 71 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Boot Barn by 3.7% during the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock worth $382,000 after acquiring an additional 82 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Boot Barn by 11.2% in the second quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock worth $120,000 after acquiring an additional 94 shares during the last quarter. Shaker Investments LLC OH boosted its stake in shares of 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 purchasing an additional 102 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of 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 purchasing an additional 126 shares during the last quarter.

Boot Barn Trading Up 6.1 %

BOOT opened at $145.45 on Tuesday. The company has a market cap of $4.44 billion, a P/E ratio of 29.21 and a beta of 2.16. The company has a fifty day moving average price of $151.23 and a two-hundred day moving average price of $136.23. 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 posted its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The firm had revenue of $425.80 million for the quarter, compared to analysts’ expectations of $424.42 million. During the same quarter last year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, research analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BOOT has been the subject of several research reports. BTIG Research increased their price objective on shares of Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. raised their price objective on Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price for the company in a research report on Wednesday, October 30th. Citigroup reduced their price target on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $179.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued 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 a consensus price target of $164.55.

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.