Legato Capital Management LLC Has $719,000 Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Legato Capital Management LLC grew its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 54.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,575 shares of the company’s stock after purchasing an additional 1,965 shares during the quarter. Legato Capital Management LLC’s holdings in Boot Barn were worth $719,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BOOT. GAMMA Investing LLC grew its holdings in Boot Barn by 111.1% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after buying an additional 140 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Boot Barn by 1,037.7% in the fourth quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock valued at $60,000 after acquiring an additional 716 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in Boot Barn during the second quarter worth about $84,000. Principal Securities Inc. acquired a new stake in Boot Barn in the 4th quarter worth about $102,000. Finally, Quest Partners LLC bought a new stake in Boot Barn in the 4th quarter valued at about $112,000.

Boot Barn Trading Down 0.6 %

BOOT opened at $141.01 on Wednesday. The company’s 50 day moving average is $129.28 and its 200-day moving average is $111.87. The company has a market cap of $4.29 billion, a P/E ratio of 29.38 and a beta of 2.09. Boot Barn Holdings, Inc. has a 1-year low of $66.73 and a 1-year high of $143.57.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BOOT shares. Benchmark reaffirmed a “buy” rating and set a $140.00 target price on shares of Boot Barn in a report on Tuesday, August 6th. Craig Hallum raised their price objective on Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $125.00 to $146.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Citigroup increased their target price on Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Robert W. Baird boosted their price target on Boot Barn from $132.00 to $140.00 and gave the company 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $138.20.

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.