1620 Investment Advisors Inc. Makes New Investment in Boot Barn Holdings, Inc. (NYSE:BOOT)

1620 Investment Advisors Inc. acquired a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 654 shares of the company’s stock, valued at approximately $84,000.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in Boot Barn by 111.1% during the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock worth $34,000 after buying an additional 140 shares in the last quarter. Headlands Technologies LLC increased its position in Boot Barn by 1,037.7% during the 4th quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock worth $60,000 after purchasing an additional 716 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Boot Barn by 11.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock valued at $120,000 after purchasing an additional 94 shares during the last quarter. Principal Securities Inc. acquired a new position in Boot Barn in the 4th quarter valued at about $102,000. Finally, Quest Partners LLC purchased a new position in Boot Barn in the 4th quarter valued at about $112,000.

Boot Barn Price Performance

NYSE BOOT opened at $138.74 on Friday. Boot Barn Holdings, Inc. has a 1-year low of $66.73 and a 1-year high of $141.87. The firm has a market capitalization of $4.22 billion, a P/E ratio of 28.90 and a beta of 2.09. The business’s 50-day simple moving average is $128.58 and its 200-day simple moving average is $110.27.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.18. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. The company had revenue of $423.40 million during the quarter, compared to the consensus estimate of $415.04 million. During the same period in the previous year, the firm earned $1.11 earnings per share. Boot Barn’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities research analysts expect that Boot Barn Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BOOT has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $125.00 to $146.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. UBS Group boosted their price target on Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Craig Hallum raised their price objective on Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Citigroup upped their target price on Boot Barn from $122.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Robert W. Baird raised their price target on Boot Barn from $132.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and an average price target of $138.20.

Boot Barn Company Profile

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.