Cynosure Group LLC Acquires New Shares in Boot Barn Holdings, Inc. (NYSE:BOOT)

Cynosure Group LLC acquired a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,248 shares of the company’s stock, valued at approximately $376,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Boot Barn by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,722 shares of the company’s stock valued at $1,782,000 after purchasing an additional 1,188 shares in the last quarter. Kennedy Capital Management LLC purchased a new position in shares of Boot Barn in the 1st quarter valued at $230,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Boot Barn by 4.4% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 27,849 shares of the company’s stock worth $2,650,000 after acquiring an additional 1,179 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Boot Barn by 29.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company’s stock worth $51,918,000 after purchasing an additional 124,060 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Boot Barn by 111.1% during the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after purchasing an additional 140 shares in the last quarter.

Wall Street Analyst Weigh In

BOOT has been the subject of a number of recent research reports. Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Robert W. Baird upgraded shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price for the company in a research note on Wednesday, October 30th. UBS Group upped their price target on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. BTIG Research raised their price objective on Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and upped their target price for the company from $154.00 to $162.00 in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.55.

Boot Barn Stock Down 1.9 %

Shares of NYSE BOOT opened at $136.23 on Friday. Boot Barn Holdings, Inc. has a 52 week low of $68.37 and a 52 week high of $169.83. The business’s 50 day moving average price is $150.38 and its 200 day moving average price is $136.47. The firm has a market cap of $4.16 billion, a P/E ratio of 27.36 and a beta of 2.16.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating 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 business had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. During the same period in the prior year, the firm earned $0.91 EPS. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, research analysts expect that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current year.

Boot Barn 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.