Boot Barn Holdings, Inc. $BOOT Stock Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC raised its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 136.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,559 shares of the company’s stock after purchasing an additional 4,941 shares during the period. Simplicity Wealth LLC’s holdings in Boot Barn were worth $1,031,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BOOT. Arrowstreet Capital Limited Partnership grew its stake in Boot Barn by 361.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 48,448 shares of the company’s stock valued at $7,091,000 after buying an additional 37,951 shares during the last quarter. Bank of America Corp DE bought a new position in Boot Barn in the 2nd quarter worth $43,720,000. Fifth Third Bancorp raised its holdings in Boot Barn by 15,768.5% in the 1st quarter. Fifth Third Bancorp now owns 34,276 shares of the company’s stock worth $5,017,000 after acquiring an additional 34,060 shares during the period. Wedge Capital Management L L P NC raised its holdings in Boot Barn by 7.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 212,327 shares of the company’s stock worth $34,879,000 after acquiring an additional 15,074 shares during the period. Finally, Hsbc Holdings PLC lifted its position in Boot Barn by 335.5% during the 1st quarter. Hsbc Holdings PLC now owns 14,527 shares of the company’s stock worth $2,132,000 after acquiring an additional 11,191 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have issued reports on BOOT. Robert W. Baird decreased their price target on shares of Boot Barn from $212.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, September 29th. Weiss Ratings lowered Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. UBS Group cut their price objective on Boot Barn from $272.00 to $232.00 and set a “buy” rating for the company in a research report on Thursday, October 22nd. Citigroup decreased their target price on Boot Barn from $205.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Finally, BTIG Research restated a “buy” rating and set a $215.00 target price on shares of Boot Barn in a research note on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $204.77.

Boot Barn Trading Down 2.5%

BOOT opened at $111.37 on Wednesday. The firm’s fifty day moving average price is $133.39 and its two-hundred day moving average price is $159.40. Boot Barn Holdings, Inc. has a fifty-two week low of $110.53 and a fifty-two week high of $210.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.60. The business had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.74 EPS. On average, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 9.19 EPS for the current fiscal year.

About Boot Barn

Boot Barn Holdings, Inc is a specialty retailer focused on Western and work-related apparel, footwear and accessories. The company sells products including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.