Boot Barn Holdings, Inc. $BOOT Stock Bought by Summit Creek Advisors LLC

Summit Creek Advisors LLC increased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 10.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,407 shares of the company’s stock after buying an additional 4,460 shares during the quarter. Boot Barn accounts for 2.3% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Summit Creek Advisors LLC owned 0.16% of Boot Barn worth $5,711,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Kornitzer Capital Management Inc. KS lifted its stake in Boot Barn by 0.6% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 44,828 shares of the company’s stock valued at $5,400,000 after acquiring an additional 257 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Boot Barn by 24.5% in the 3rd quarter. Parallel Advisors LLC now owns 636 shares of the company’s stock worth $77,000 after acquiring an additional 125 shares in the last quarter. Alps Advisors Inc. grew its stake in shares of Boot Barn by 32.8% in the 3rd quarter. Alps Advisors Inc. now owns 4,063 shares of the company’s stock worth $489,000 after acquiring an additional 1,004 shares in the last quarter. Heritage Family Offices LLP bought a new stake in shares of Boot Barn in the 3rd quarter worth $35,000. Finally, Alamar Capital Management LLC raised its holdings in shares of Boot Barn by 53.4% in the third quarter. Alamar Capital Management LLC now owns 15,809 shares of the company’s stock valued at $1,905,000 after purchasing an additional 5,503 shares during the last quarter.

Boot Barn Trading Down 5.7%

BOOT stock opened at $130.96 on Friday. The stock has a market cap of $3.92 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.00 and a beta of 1.72. The stock’s fifty day simple moving average is $128.83 and its two-hundred day simple moving average is $156.99. Boot Barn Holdings, Inc. has a 1-year low of $110.53 and a 1-year high of $210.25.

Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, October 28th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.10. The firm had revenue of $581.81 million during the quarter, compared to analyst estimates of $580.80 million. Boot Barn had a return on equity of 18.82% and a net margin of 10.45%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same period last year, the firm posted $1.37 EPS. As a group, analysts forecast that Boot Barn Holdings, Inc. will post 8.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

BOOT has been the topic of a number of recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $187.00 price target (down from $226.00) on shares of Boot Barn in a research report on Thursday, October 29th. Zacks Research downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Citigroup decreased their price objective on shares of Boot Barn from $205.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Stephens lifted their target price on shares of Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Finally, TD Cowen dropped their target price on shares of Boot Barn from $160.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.92.

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.