Aigen Investment Management LP Has $2.07 Million Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Aigen Investment Management LP cut its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 22.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,358 shares of the company’s stock after selling 3,598 shares during the period. Aigen Investment Management LP’s holdings in Boot Barn were worth $2,067,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GHP Investment Advisors Inc. bought a new position in shares of Boot Barn during the third quarter worth approximately $25,000. GAMMA Investing LLC increased its stake in Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock worth $34,000 after acquiring an additional 140 shares during the period. Canada Pension Plan Investment Board bought a new position in Boot Barn during the 2nd quarter worth $64,000. 1620 Investment Advisors Inc. bought a new position in Boot Barn during the 2nd quarter worth $84,000. Finally, USA Financial Formulas bought a new position in Boot Barn during the 3rd quarter worth $92,000.

Boot Barn Price Performance

Shares of NYSE BOOT traded down $0.25 during midday trading on Tuesday, reaching $136.16. The company’s stock had a trading volume of 64,793 shares, compared to its average volume of 768,649. The stock has a market capitalization of $4.16 billion, a P/E ratio of 27.42 and a beta of 2.16. The firm has a 50 day moving average price of $153.01 and a 200-day moving average price of $134.11. Boot Barn Holdings, Inc. has a 12-month low of $68.37 and a 12-month high of $169.83.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.02. The firm had revenue of $425.80 million for the quarter, compared to analysts’ expectations of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. On average, equities analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BOOT. Benchmark restated a “buy” rating and set a $192.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. UBS Group raised their target price on Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $179.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. JPMorgan Chase & Co. raised their target price on Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, BTIG Research raised their target price on Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and a consensus price target of $164.55.

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.