Charles Schwab Investment Management Inc. Has $59 Million Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Charles Schwab Investment Management Inc. grew its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 352,698 shares of the company’s stock after purchasing an additional 6,335 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.16% of Boot Barn worth $58,999,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BOOT. GHP Investment Advisors Inc. acquired a new position in Boot Barn in the 3rd quarter valued at $25,000. GAMMA Investing LLC grew its stake in shares of Boot Barn by 111.1% in the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after acquiring an additional 140 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Boot Barn in the 2nd quarter worth about $64,000. 1620 Investment Advisors Inc. bought a new stake in Boot Barn in the 2nd quarter valued at about $84,000. Finally, USA Financial Formulas acquired a new position in shares of Boot Barn during the 3rd quarter worth approximately $92,000.

Boot Barn Price Performance

BOOT stock opened at $137.38 on Friday. Boot Barn Holdings, Inc. has a 1 year low of $68.37 and a 1 year high of $169.83. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 27.36 and a beta of 2.16. The company has a 50 day simple moving average of $149.78 and a 200 day simple moving average of $136.47.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The company had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. Boot Barn’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. On average, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BOOT has been the subject of a number of analyst reports. Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Williams Trading restated a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $179.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Finally, BTIG Research increased their price objective on shares of Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.55.

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.