Baird Financial Group Inc. Raises Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Baird Financial Group Inc. raised its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 27.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,934 shares of the company’s stock after purchasing an additional 9,540 shares during the quarter. Baird Financial Group Inc. owned 0.15% of Boot Barn worth $6,822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its holdings in Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after acquiring an additional 143 shares during the period. Signaturefd LLC increased its holdings in shares of Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company’s stock valued at $25,000 after purchasing an additional 111 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Boot Barn by 45.2% during the 4th quarter. Assetmark Inc. now owns 363 shares of the company’s stock valued at $55,000 after purchasing an additional 113 shares in the last quarter. R Squared Ltd purchased a new stake in Boot Barn during the fourth quarter worth $102,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Boot Barn by 212.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 749 shares of the company’s stock worth $115,000 after buying an additional 509 shares in the last quarter.

Boot Barn Trading Up 6.6 %

Shares of BOOT stock opened at $119.53 on Friday. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $176.64. The company’s 50-day moving average price is $103.49 and its 200-day moving average price is $130.71. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.17 and a beta of 1.59.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BOOT. Piper Sandler set a $162.00 price objective on shares of Boot Barn in a research report on Friday, April 25th. JPMorgan Chase & Co. increased their price target on Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. UBS Group cut their price objective on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Bank of America increased their target price on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, BTIG Research boosted their price target on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, January 13th. One investment 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.85.

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.