Thrivent Financial for Lutherans Acquires 1,195 Shares of Boot Barn Holdings Inc (NYSE:BOOT)

Thrivent Financial for Lutherans boosted its holdings in shares of Boot Barn Holdings Inc (NYSE:BOOT) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,939 shares of the company’s stock after buying an additional 1,195 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Boot Barn worth $310,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BOOT. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Boot Barn by 35.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,124 shares of the company’s stock valued at $27,000 after acquiring an additional 556 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Boot Barn in the 1st quarter worth $36,000. Point72 Hong Kong Ltd purchased a new stake in shares of Boot Barn during the 4th quarter worth $40,000. C M Bidwell & Associates Ltd. bought a new stake in Boot Barn during the fourth quarter valued at about $70,000. Finally, US Bancorp DE grew its stake in Boot Barn by 123.2% in the first quarter. US Bancorp DE now owns 5,802 shares of the company’s stock valued at $75,000 after purchasing an additional 3,202 shares during the last quarter.

BOOT opened at $21.91 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.31 and a debt-to-equity ratio of 0.84. Boot Barn Holdings Inc has a 12-month low of $8.03 and a 12-month high of $48.11. The firm has a 50 day moving average of $22.47 and a two-hundred day moving average of $27.87. The firm has a market capitalization of $630.38 million, a PE ratio of 14.14, a P/E/G ratio of 1.17 and a beta of 2.92.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, May 20th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.12). Boot Barn had a return on equity of 15.15% and a net margin of 5.67%. The business had revenue of $188.63 million for the quarter, compared to analysts’ expectations of $194.10 million. During the same period last year, the business earned $0.32 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, analysts predict that Boot Barn Holdings Inc will post 0.94 EPS for the current fiscal year.

A number of research firms have recently weighed in on BOOT. Wells Fargo & Co raised their price target on shares of Boot Barn from $15.00 to $18.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Craig Hallum raised their price objective on Boot Barn from $18.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. William Blair reaffirmed a “buy” rating on shares of Boot Barn in a research report on Tuesday, March 10th. Piper Sandler decreased their price target on Boot Barn from $28.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, DA Davidson boosted their price target on Boot Barn from $16.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.50.

Boot Barn Company 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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Institutional Ownership by Quarter for Boot Barn (NYSE:BOOT)

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