Raymond James Financial Inc. Invests $42.44 Million in Boot Barn Holdings, Inc. (NYSE:BOOT)

Raymond James Financial Inc. acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 279,542 shares of the company’s stock, valued at approximately $42,440,000. Raymond James Financial Inc. owned 0.91% of Boot Barn at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Boot Barn by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after purchasing an additional 6,369 shares during the last quarter. Dale Q Rice Investment Management Ltd acquired a new position in Boot Barn in the fourth quarter valued at about $1,544,000. Stephens Investment Management Group LLC bought a new position in Boot Barn during the fourth quarter worth about $46,699,000. Alberta Investment Management Corp acquired a new position in shares of Boot Barn during the 4th quarter worth about $2,842,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Boot Barn by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company’s stock valued at $54,439,000 after acquiring an additional 5,881 shares during the last quarter.

Boot Barn Price Performance

NYSE BOOT opened at $91.74 on Wednesday. Boot Barn Holdings, Inc. has a one year low of $88.23 and a one year high of $176.64. The business has a 50 day simple moving average of $113.02 and a 200 day simple moving average of $137.73. The stock has a market capitalization of $2.81 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. Equities analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Robert W. Baird decreased their price target 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. KeyCorp upgraded shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Thursday, January 23rd. Piper Sandler reiterated an “overweight” rating and set a $181.00 target price (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. UBS Group dropped their target price on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Boot Barn from $200.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.62.

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.