GSA Capital Partners LLP bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 141,738 shares of the company’s stock, valued at approximately $1,261,000. GSA Capital Partners LLP owned 0.53% of Boot Barn at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in BOOT. Geode Capital Management LLC raised its stake in shares of Boot Barn by 3.3% in the first quarter. Geode Capital Management LLC now owns 101,834 shares of the company’s stock valued at $1,007,000 after acquiring an additional 3,224 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Boot Barn by 100.7% in the first quarter. Dimensional Fund Advisors LP now owns 341,122 shares of the company’s stock valued at $3,374,000 after acquiring an additional 171,147 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Boot Barn by 5.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 42,316 shares of the company’s stock valued at $419,000 after acquiring an additional 2,052 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Boot Barn by 67.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 43,330 shares of the company’s stock valued at $307,000 after acquiring an additional 17,420 shares during the period. Finally, Trexquant Investment LP purchased a new stake in shares of Boot Barn in the second quarter valued at $106,000.
Boot Barn Holdings, Inc. (BOOT) traded up $0.24 during mid-day trading on Friday, reaching $19.25. 540,466 shares of the company traded hands, compared to its average volume of 365,098. The stock has a market cap of $506.94, a P/E ratio of 34.38, a PEG ratio of 1.91 and a beta of 1.79. Boot Barn Holdings, Inc. has a 52 week low of $5.90 and a 52 week high of $19.66. The company has a quick ratio of 0.16, a current ratio of 1.32 and a debt-to-equity ratio of 1.04.
Boot Barn (NYSE:BOOT) last posted its earnings results on Thursday, November 2nd. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $143.10 million for the quarter, compared to the consensus estimate of $139.92 million. Boot Barn had a net margin of 2.32% and a return on equity of 8.70%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS. analysts predict that Boot Barn Holdings, Inc. will post 0.64 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on BOOT. Wells Fargo & Co set a $20.00 target price on shares of Boot Barn and gave the company a “hold” rating in a research note on Thursday. Jefferies Group reissued a “buy” rating and issued a $20.00 target price on shares of Boot Barn in a research note on Monday, December 18th. JPMorgan Chase & Co. raised shares of Boot Barn from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $9.00 to $17.00 in a research note on Sunday, November 26th. BidaskClub raised shares of Boot Barn from a “hold” rating to a “buy” rating in a research note on Saturday, November 11th. Finally, Citigroup raised their price target on shares of Boot Barn from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $13.64.
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Boot Barn Profile
Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.
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