Versor Investments LP Invests $1.22 Million in Boot Barn Holdings, Inc. (NYSE:BOOT)

Versor Investments LP bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,302 shares of the company’s stock, valued at approximately $1,221,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BOOT. Janney Montgomery Scott LLC raised its position in Boot Barn by 3.2% during the first quarter. Janney Montgomery Scott LLC now owns 4,787 shares of the company’s stock valued at $455,000 after acquiring an additional 150 shares in the last quarter. Texas Permanent School Fund Corp grew its position in Boot Barn by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 26,519 shares of the company’s stock valued at $2,523,000 after buying an additional 358 shares during the period. Swiss National Bank increased its holdings in Boot Barn by 1.2% in the first quarter. Swiss National Bank now owns 59,800 shares of the company’s stock valued at $5,690,000 after buying an additional 700 shares in the last quarter. Sei Investments Co. raised its position in shares of Boot Barn by 52.5% in the first quarter. Sei Investments Co. now owns 73,884 shares of the company’s stock worth $7,030,000 after acquiring an additional 25,434 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Boot Barn by 12.8% during the 1st quarter. Russell Investments Group Ltd. now owns 131,658 shares of the company’s stock worth $12,527,000 after acquiring an additional 14,980 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. BTIG Research upped their price target on Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Benchmark reissued a “buy” rating and issued a $192.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target on the stock in a research note on Wednesday, October 30th. Finally, Citigroup decreased their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $164.55.

Boot Barn Stock Performance

Boot Barn stock opened at $136.55 on Tuesday. The firm has a 50 day moving average price of $153.01 and a 200 day moving average price of $134.11. Boot Barn Holdings, Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $169.83. The company has a market capitalization of $4.17 billion, a PE ratio of 27.42 and a beta of 2.16.

Boot Barn (NYSE:BOOT) last announced its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The company had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. Boot Barn’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. As a group, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current year.

About Boot Barn

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.