Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Position Raised by Nicholas Investment Partners LP

Nicholas Investment Partners LP grew its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 81.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,093 shares of the company’s stock after buying an additional 36,505 shares during the quarter. Boot Barn makes up about 1.1% of Nicholas Investment Partners LP’s investment portfolio, making the stock its 21st largest holding. Nicholas Investment Partners LP owned approximately 0.27% of Boot Barn worth $12,312,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Nuveen Asset Management LLC lifted its holdings in Boot Barn by 218.0% in the 4th quarter. Nuveen Asset Management LLC now owns 254,080 shares of the company’s stock worth $38,574,000 after purchasing an additional 174,188 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Boot Barn by 4.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,849 shares of the company’s stock worth $2,558,000 after buying an additional 677 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Boot Barn by 80.7% during the 4th quarter. Lazard Asset Management LLC now owns 9,647 shares of the company’s stock worth $1,464,000 after buying an additional 4,308 shares during the period. Interval Partners LP acquired a new position in Boot Barn in the 4th quarter valued at $13,293,000. Finally, J. Goldman & Co LP bought a new position in Boot Barn in the 4th quarter worth $17,483,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BOOT shares. Bank of America raised their price target on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. StockNews.com lowered shares of Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Craig Hallum raised Boot Barn from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Wednesday, April 23rd. Piper Sandler set a $162.00 price objective on shares of Boot Barn in a research note on Friday, April 25th. Finally, KeyCorp cut their price target on shares of Boot Barn from $190.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and an average target price of $165.85.

Boot Barn Stock Up 1.3%

NYSE:BOOT opened at $135.07 on Wednesday. The firm has a market capitalization of $4.13 billion, a P/E ratio of 24.12, a P/E/G ratio of 1.17 and a beta of 1.59. Boot Barn Holdings, Inc. has a 12-month low of $86.17 and a 12-month high of $176.64. The stock’s fifty day simple moving average is $104.37 and its 200-day simple moving average is $129.84.

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.