Farringdon Capital Ltd. Makes New Investment in Boot Barn Holdings, Inc. (NYSE:BOOT)

Farringdon Capital Ltd. purchased a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,410 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Boot Barn by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company’s stock worth $517,686,000 after acquiring an additional 73,089 shares during the last quarter. FMR LLC lifted its holdings in shares of Boot Barn by 47.3% in the 4th quarter. FMR LLC now owns 2,211,300 shares of the company’s stock worth $335,720,000 after purchasing an additional 709,903 shares during the last quarter. Wellington Management Group LLP boosted its position in Boot Barn by 48.6% during the 4th quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company’s stock valued at $328,091,000 after purchasing an additional 706,518 shares during the period. Alliancebernstein L.P. grew its stake in Boot Barn by 13.2% during the 4th quarter. Alliancebernstein L.P. now owns 846,983 shares of the company’s stock worth $128,589,000 after buying an additional 99,029 shares during the last quarter. Finally, Invesco Ltd. increased its position in Boot Barn by 35.3% in the fourth quarter. Invesco Ltd. now owns 723,743 shares of the company’s stock worth $109,879,000 after buying an additional 188,688 shares during the period.

Analyst Upgrades and Downgrades

BOOT has been the subject of several recent research reports. StockNews.com lowered shares of Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Thursday, January 23rd. Bank of America boosted their price objective on Boot Barn from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Stephens started coverage on Boot Barn in a research report on Wednesday, April 9th. They issued an “overweight” rating and a $100.00 target price on the stock. Finally, BTIG Research increased their price target on Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and an average target price of $175.62.

Boot Barn Trading Up 2.0 %

Shares of NYSE BOOT opened at $91.55 on Friday. Boot Barn Holdings, Inc. has a twelve month low of $88.07 and a twelve month high of $176.64. The firm has a 50-day moving average of $110.31 and a two-hundred day moving average of $136.14. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT) last issued its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, research analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share 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.