Bank of Montreal Can boosted its position in shares of Boot Barn Holdings Inc (NYSE:BOOT) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,700 shares of the company’s stock after purchasing an additional 6,927 shares during the period. Bank of Montreal Can owned approximately 0.30% of Boot Barn worth $1,460,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Sterling Investment Advisors Ltd. raised its stake in shares of Boot Barn by 33.3% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the company’s stock valued at $68,000 after acquiring an additional 1,000 shares during the period. Legal & General Group Plc raised its stake in shares of Boot Barn by 38.5% in the 3rd quarter. Legal & General Group Plc now owns 4,690 shares of the company’s stock valued at $134,000 after acquiring an additional 1,303 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Boot Barn in the 3rd quarter valued at approximately $174,000. Globeflex Capital L P raised its stake in shares of Boot Barn by 48.8% in the 3rd quarter. Globeflex Capital L P now owns 6,304 shares of the company’s stock valued at $179,000 after acquiring an additional 2,067 shares during the period. Finally, Ibex Investors LLC purchased a new stake in shares of Boot Barn in the 3rd quarter valued at approximately $208,000.
Shares of BOOT stock opened at $27.23 on Thursday. The company has a quick ratio of 0.40, a current ratio of 1.62 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $764.03 million, a P/E ratio of 38.90, a price-to-earnings-growth ratio of 1.01 and a beta of 2.26. Boot Barn Holdings Inc has a fifty-two week low of $15.01 and a fifty-two week high of $31.61.
Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Tuesday, February 5th. The company reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. The firm had revenue of $254.00 million during the quarter, compared to analysts’ expectations of $254.55 million. Boot Barn had a net margin of 4.93% and a return on equity of 13.54%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. As a group, research analysts predict that Boot Barn Holdings Inc will post 1.2 EPS for the current year.
A number of research firms have recently issued reports on BOOT. Pivotal Research reissued a “hold” rating and issued a $27.00 price target on shares of Boot Barn in a research note on Wednesday, October 24th. ValuEngine raised shares of Boot Barn from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Jefferies Financial Group boosted their price target on shares of Boot Barn from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, October 26th. Zacks Investment Research downgraded shares of Boot Barn from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Boot Barn from $34.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 7th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Boot Barn presently has an average rating of “Buy” and an average price target of $27.00.
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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.
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