Boot Barn Holdings, Inc. (NYSE:BOOT – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 2,570,000 shares, a drop of 7.6% from the September 15th total of 2,780,000 shares. Based on an average daily volume of 637,500 shares, the short-interest ratio is currently 4.0 days.
Institutional Trading of Boot Barn
A number of hedge funds and other institutional investors have recently modified their holdings of BOOT. Wellington Management Group LLP grew its stake in shares of Boot Barn by 186.6% during the fourth quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock worth $197,527,000 after buying an additional 1,675,410 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Boot Barn by 43.8% during the first quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock worth $202,830,000 after purchasing an additional 649,021 shares during the period. Capital Research Global Investors acquired a new position in shares of Boot Barn during the first quarter worth $32,779,000. Janus Henderson Group PLC lifted its holdings in shares of Boot Barn by 1,212.4% during the first quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock worth $27,134,000 after purchasing an additional 263,444 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Boot Barn by 35.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 700,007 shares of the company’s stock worth $53,733,000 after purchasing an additional 182,130 shares during the period.
Boot Barn Trading Down 0.4 %
Shares of BOOT opened at $166.38 on Friday. Boot Barn has a 12 month low of $66.73 and a 12 month high of $169.83. The firm’s 50 day moving average is $151.00 and its 200-day moving average is $128.66. The stock has a market capitalization of $5.06 billion, a PE ratio of 34.66 and a beta of 2.12.
Analyst Upgrades and Downgrades
BOOT has been the subject of several recent analyst reports. Piper Sandler raised their target price on shares of Boot Barn from $147.00 to $179.00 and gave the company an “overweight” rating in a research note on Monday. Citigroup raised their price objective on shares of Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. raised their price objective on shares of Boot Barn from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. BTIG Research raised their price objective on shares of Boot Barn from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Benchmark raised their price objective on shares of Boot Barn from $140.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $156.00.
Get Our Latest Stock Analysis on BOOT
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.
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