Boot Barn Holdings Inc (BOOT) Stake Raised by Summit Creek Advisors LLC

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Summit Creek Advisors LLC grew its holdings in shares of Boot Barn Holdings Inc (NYSE:BOOT) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 478,040 shares of the company’s stock after buying an additional 35,410 shares during the period. Boot Barn accounts for about 2.5% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Summit Creek Advisors LLC’s holdings in Boot Barn were worth $14,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. MetLife Investment Advisors LLC lifted its stake in shares of Boot Barn by 106.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 19,747 shares of the company’s stock valued at $561,000 after purchasing an additional 10,167 shares during the last quarter. BlackRock Inc. raised its stake in shares of Boot Barn by 27.4% during the third quarter. BlackRock Inc. now owns 1,871,793 shares of the company’s stock worth $53,177,000 after buying an additional 403,006 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Boot Barn during the third quarter worth approximately $25,330,000. Federated Investors Inc. PA raised its stake in shares of Boot Barn by 6,724.4% during the third quarter. Federated Investors Inc. PA now owns 60,123 shares of the company’s stock worth $1,708,000 after buying an additional 59,242 shares during the last quarter. Finally, Vanguard Group Inc raised its stake in shares of Boot Barn by 30.6% during the third quarter. Vanguard Group Inc now owns 1,814,323 shares of the company’s stock worth $51,544,000 after buying an additional 425,193 shares during the last quarter.

In other news, Director Brenda I. Morris sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $28.04, for a total transaction of $196,280.00. Following the completion of the sale, the director now owns 17,724 shares in the company, valued at approximately $496,980.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Boot Barn from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. ValuEngine upgraded shares of Boot Barn from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Pivotal Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and cut their price target for the company from $27.00 to $24.00 in a research note on Monday, January 7th. JPMorgan Chase & Co. cut their price target on shares of Boot Barn from $34.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 7th. Finally, Sidoti began coverage on shares of Boot Barn in a research note on Thursday, March 14th. They issued a “buy” rating for the company. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $28.22.

Shares of NYSE BOOT traded up $0.77 during mid-day trading on Monday, reaching $31.16. 10,286 shares of the company were exchanged, compared to its average volume of 1,095,829. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.40 and a current ratio of 1.62. The stock has a market cap of $860.95 million, a PE ratio of 43.57, a P/E/G ratio of 0.94 and a beta of 2.31. Boot Barn Holdings Inc has a twelve month low of $15.01 and a twelve month high of $32.21.

Boot Barn (NYSE:BOOT) last posted its earnings results on Tuesday, February 5th. The company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. The company had revenue of $254.00 million during the quarter, compared to analysts’ expectations of $254.55 million. Boot Barn had a net margin of 4.93% and a return on equity of 13.54%. Boot Barn’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. As a group, analysts predict that Boot Barn Holdings Inc will post 1.2 EPS for the current fiscal year.

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

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