Oliver Luxxe Assets LLC bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 12,135 shares of the company’s stock, valued at approximately $1,993,000.
Several other institutional investors have also modified their holdings of the stock. Royal Bank of Canada raised its stake in Boot Barn by 50.3% during the first quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock worth $3,725,000 after purchasing an additional 11,598 shares during the period. AQR Capital Management LLC raised its position in shares of Boot Barn by 198.0% during the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock valued at $957,000 after buying an additional 5,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Boot Barn by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock valued at $1,894,000 after buying an additional 779 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Boot Barn by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock valued at $34,771,000 after buying an additional 61,719 shares during the period. Finally, United Services Automobile Association acquired a new position in Boot Barn in the first quarter valued at approximately $209,000.
Boot Barn Stock Performance
NYSE:BOOT opened at $163.38 on Friday. The stock has a market capitalization of $4.95 billion, a P/E ratio of 20.68, a PEG ratio of 1.05 and a beta of 1.71. The company has a 50 day moving average price of $162.47 and a 200 day moving average price of $166.99. Boot Barn Holdings, Inc. has a fifty-two week low of $133.18 and a fifty-two week high of $210.25.
Analyst Ratings Changes
Several equities research analysts have issued reports on BOOT shares. Robert W. Baird set a $212.00 target price on Boot Barn in a research note on Thursday, July 30th. BTIG Research decreased their price target on Boot Barn from $235.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Piper Sandler lowered their price target on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Finally, Weiss Ratings raised Boot Barn from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $222.27.
Check Out Our Latest Stock Analysis on BOOT
Boot Barn Profile
Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.
Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.
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