4,301 Shares in Boot Barn Holdings, Inc. (NYSE:BOOT) Acquired by Entropy Technologies LP

Entropy Technologies LP bought a new position in Boot Barn Holdings, Inc. (NYSE:BOOT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,301 shares of the company’s stock, valued at approximately $719,000.

A number of other large investors have also bought and sold shares of BOOT. Versor Investments LP purchased a new position in shares of Boot Barn during the third quarter valued at approximately $1,221,000. Crossmark Global Holdings Inc. boosted its holdings in Boot Barn by 3.7% in the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock worth $382,000 after acquiring an additional 82 shares in the last quarter. Legacy Capital Wealth Partners LLC bought a new stake in Boot Barn in the third quarter worth $287,000. Portside Wealth Group LLC bought a new stake in Boot Barn in the third quarter worth $383,000. Finally, James Investment Research Inc. boosted its holdings in Boot Barn by 10.4% in the third quarter. James Investment Research Inc. now owns 12,274 shares of the company’s stock worth $2,053,000 after acquiring an additional 1,153 shares in the last quarter.

Boot Barn Stock Performance

BOOT stock opened at $132.97 on Friday. The business’s 50-day moving average is $152.90 and its two-hundred day moving average is $134.28. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 26.70 and a beta of 2.16. Boot Barn Holdings, Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $169.83.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The business 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%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 earnings per share. Equities analysts predict that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BOOT. Piper Sandler reaffirmed an “overweight” rating and set a $179.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. UBS Group upped their price target on Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Craig Hallum downgraded Boot Barn from a “buy” rating to a “hold” rating and upped their price target for the company from $154.00 to $162.00 in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Benchmark reaffirmed a “buy” rating and set a $192.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.