Municipal Employees Retirement System of Michigan boosted its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 67.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,330 shares of the company’s stock after buying an additional 17,420 shares during the period. Municipal Employees Retirement System of Michigan owned 0.16% of Boot Barn Holdings worth $307,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Gotham Asset Management LLC purchased a new stake in shares of Boot Barn Holdings during the first quarter worth approximately $112,000. Eagle Global Advisors LLC purchased a new stake in shares of Boot Barn Holdings during the first quarter worth approximately $113,000. Alambic Investment Management L.P. purchased a new stake in shares of Boot Barn Holdings during the first quarter worth approximately $155,000. Tudor Investment Corp ET AL purchased a new stake in shares of Boot Barn Holdings during the first quarter worth approximately $310,000. Finally, Norges Bank purchased a new stake in shares of Boot Barn Holdings during the fourth quarter worth approximately $489,000.

Boot Barn Holdings, Inc. (NYSE:BOOT) opened at 7.83 on Wednesday. The company has a 50 day moving average price of $7.68 and a 200 day moving average price of $8.78. The firm has a market capitalization of $208.22 million, a price-to-earnings ratio of 14.53 and a beta of 1.26. Boot Barn Holdings, Inc. has a 12 month low of $5.90 and a 12 month high of $17.26.

Boot Barn Holdings (NYSE:BOOT) last announced its earnings results on Tuesday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter. Boot Barn Holdings had a return on equity of 8.58% and a net margin of 2.26%. The firm had revenue of $139.40 million during the quarter, compared to analyst estimates of $139 million. During the same quarter in the prior year, the company earned $0.02 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. Analysts anticipate that Boot Barn Holdings, Inc. will post $0.61 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on BOOT. Piper Jaffray Companies restated a “buy” rating on shares of Boot Barn Holdings in a research report on Thursday, August 3rd. B. Riley restated a “buy” rating and set a $9.00 target price on shares of Boot Barn Holdings in a research report on Wednesday, May 31st. Jefferies Group LLC set a $12.00 target price on Boot Barn Holdings and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Robert W. Baird upgraded Boot Barn Holdings from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $10.00 to $11.00 in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded Boot Barn Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $10.88.

In other news, Director Brenda I. Morris bought 7,000 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was purchased at an average price of $6.33 per share, with a total value of $44,310.00. Following the transaction, the director now owns 13,818 shares of the company’s stock, valued at $87,467.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter Starrett bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was purchased at an average cost of $6.12 per share, with a total value of $306,000.00. Following the transaction, the director now directly owns 4,726 shares in the company, valued at approximately $28,923.12. The disclosure for this purchase can be found here. 4.60% of the stock is currently owned by corporate insiders.

Boot Barn Holdings Company Profile

Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.

Institutional Ownership by Quarter for Boot Barn Holdings (NYSE:BOOT)

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