Sterling Capital Management LLC Has $2.53 Million Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Sterling Capital Management LLC increased its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,637 shares of the company’s stock after acquiring an additional 1,974 shares during the quarter. Sterling Capital Management LLC’s holdings in Boot Barn were worth $2,526,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Signaturefd LLC grew its position in shares of Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company’s stock worth $25,000 after buying an additional 111 shares during the period. Blue Trust Inc. lifted its position in Boot Barn by 1,430.0% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock valued at $26,000 after acquiring an additional 143 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Boot Barn by 45.2% in the fourth quarter. Assetmark Inc. now owns 363 shares of the company’s stock valued at $55,000 after purchasing an additional 113 shares in the last quarter. R Squared Ltd purchased a new position in Boot Barn during the 4th quarter worth $102,000. Finally, Smartleaf Asset Management LLC grew its position in Boot Barn by 212.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock worth $115,000 after purchasing an additional 509 shares in the last quarter.

Boot Barn Stock Down 1.2 %

NYSE BOOT opened at $97.77 on Monday. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a twelve month low of $88.23 and a twelve month high of $176.64. The business has a 50-day moving average price of $114.94 and a 200-day moving average price of $138.52.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. Research analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. UBS Group dropped their price objective on Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Bank of America boosted their price target on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. KeyCorp upgraded shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $175.62.

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.