Edgestream Partners L.P. Acquires 27,301 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Edgestream Partners L.P. increased its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 750.6% in the third quarter, Holdings Channel.com reports. The fund owned 30,938 shares of the company’s stock after buying an additional 27,301 shares during the quarter. Edgestream Partners L.P.’s holdings in Boot Barn were worth $5,175,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BOOT. Marshall Wace LLP bought a new stake in shares of Boot Barn during the 2nd quarter worth approximately $19,532,000. F M Investments LLC purchased a new position in Boot Barn during the 2nd quarter worth $14,888,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Boot Barn during the 3rd quarter worth $5,931,000. Sei Investments Co. increased its holdings in Boot Barn by 39.3% during the 2nd quarter. Sei Investments Co. now owns 102,933 shares of the company’s stock worth $13,271,000 after purchasing an additional 29,049 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Boot Barn by 14.3% during the 2nd quarter. Principal Financial Group Inc. now owns 217,387 shares of the company’s stock worth $28,028,000 after purchasing an additional 27,228 shares during the period.

Boot Barn Price Performance

Shares of BOOT stock opened at $137.14 on Friday. The stock’s fifty day moving average price is $149.17 and its 200 day moving average price is $136.68. Boot Barn Holdings, Inc. has a 1-year low of $68.37 and a 1-year high of $169.83. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 27.54 and a beta of 2.16.

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. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The company had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on BOOT shares. Baird R W upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective on the stock in a report on Wednesday, October 30th. UBS Group lifted 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. Williams Trading reiterated a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Finally, BTIG Research lifted their price target on Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.