Susquehanna Fundamental Investments LLC Takes $1.40 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,818 shares of the company’s stock, valued at approximately $1,395,000.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in Boot Barn by 186.6% during the fourth quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock worth $197,527,000 after purchasing an additional 1,675,410 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Boot Barn by 43.8% during the first quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock worth $202,830,000 after purchasing an additional 649,021 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in Boot Barn during the fourth quarter worth about $32,361,000. Capital Research Global Investors purchased a new position in Boot Barn during the first quarter worth about $32,779,000. Finally, Janus Henderson Group PLC boosted its holdings in Boot Barn by 1,212.4% during the first quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock worth $27,134,000 after purchasing an additional 263,444 shares during the last quarter.

Analysts Set New Price Targets

Several research firms recently weighed in on BOOT. Craig Hallum boosted their price target 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. Benchmark restated a “buy” rating and set a $140.00 price target on shares of Boot Barn in a report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their price target 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. UBS Group lifted their price objective on shares of Boot Barn from $125.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, TD Cowen lifted their price objective on shares of Boot Barn from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.80.

Boot Barn Stock Down 0.4 %

NYSE BOOT opened at $166.60 on Wednesday. The company’s 50 day moving average is $141.70 and its 200-day moving average is $122.89. Boot Barn Holdings, Inc. has a 12-month low of $66.73 and a 12-month high of $169.07. The firm has a market cap of $5.06 billion, a P/E ratio of 34.71 and a beta of 2.11.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.18. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The company had revenue of $423.40 million for the quarter, compared to analyst estimates of $415.04 million. During the same quarter in the previous year, the firm posted $1.11 earnings per share. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. Equities analysts expect that Boot Barn Holdings, Inc. will post 5.31 EPS 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.