Algert Global LLC Increases Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Algert Global LLC increased its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 68.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,780 shares of the company’s stock after buying an additional 15,779 shares during the quarter. Algert Global LLC’s holdings in Boot Barn were worth $5,888,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dale Q Rice Investment Management Ltd bought a new position in shares of Boot Barn during the fourth quarter valued at approximately $1,544,000. Stephens Investment Management Group LLC purchased a new position in shares of Boot Barn during the fourth quarter valued at about $46,699,000. Alberta Investment Management Corp bought a new position in Boot Barn in the fourth quarter worth about $2,842,000. Charles Schwab Investment Management Inc. lifted its holdings in Boot Barn by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company’s stock worth $54,439,000 after buying an additional 5,881 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Boot Barn by 56.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock valued at $23,638,000 after acquiring an additional 51,032 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BOOT shares. Stephens started coverage on Boot Barn in a research note on Wednesday, April 9th. They issued an “overweight” rating and a $100.00 target price for the company. StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. KeyCorp reduced their target price on shares of Boot Barn from $190.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 29th. BTIG Research lifted their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Robert W. Baird cut their price objective on shares of Boot Barn from $133.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $165.85.

Boot Barn Stock Down 1.0 %

Shares of BOOT stock opened at $112.41 on Tuesday. The company has a 50 day moving average price of $103.79 and a 200-day moving average price of $131.32. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $176.64. The firm has a market capitalization of $3.44 billion, a PE ratio of 20.07, a P/E/G ratio of 1.17 and a beta of 1.59.

About Boot Barn

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.