Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. increased its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 846,983 shares of the company’s stock after purchasing an additional 99,029 shares during the quarter. Alliancebernstein L.P. owned about 2.77% of Boot Barn worth $128,589,000 at the end of the most recent quarter.

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

Boot Barn Stock Up 3.7 %

Boot Barn stock opened at $115.09 on Thursday. Boot Barn Holdings, Inc. has a 12 month low of $96.31 and a 12 month high of $176.64. The stock has a market cap of $3.52 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.17 and a beta of 1.75. The company’s fifty day simple moving average is $126.88 and its 200-day simple moving average is $142.64.

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 the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. On average, equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BOOT. JPMorgan Chase & Co. upped their price objective on Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Bank of America upped their price target on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 price objective (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. UBS Group dropped their target price on shares of Boot Barn from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Robert W. Baird reduced their target price on shares of Boot Barn from $190.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.92.

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.