Argent Trust Co Makes New $276,000 Investment in Boot Barn Holdings, Inc. (NYSE:BOOT)

Argent Trust Co purchased a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,142 shares of the company’s stock, valued at approximately $276,000.

A number of other large investors have also made changes to their positions in BOOT. GAMMA Investing LLC grew its stake in Boot Barn by 111.1% in the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after acquiring an additional 140 shares during the period. 1620 Investment Advisors Inc. acquired a new position in shares of Boot Barn in the 2nd quarter valued at approximately $84,000. Quest Partners LLC bought a new stake in Boot Barn during the 4th quarter worth approximately $112,000. First Horizon Advisors Inc. raised its holdings in Boot Barn by 11.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock worth $120,000 after buying an additional 94 shares during the period. Finally, Neo Ivy Capital Management bought a new position in Boot Barn in the fourth quarter valued at approximately $165,000.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Benchmark restated a “buy” rating and set a $140.00 price objective on shares of Boot Barn in a report on Wednesday, September 11th. BTIG Research lifted their price target on Boot Barn from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. 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. Citigroup increased their price objective on Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, TD Cowen lifted their target price on Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.10.

Boot Barn Stock Up 1.0 %

BOOT stock opened at $167.81 on Friday. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 34.96 and a beta of 2.11. Boot Barn Holdings, Inc. has a twelve month low of $66.73 and a twelve month high of $168.70. The business has a 50 day moving average price of $134.96 and a two-hundred day moving average price of $118.08.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.18. The business had revenue of $423.40 million during the quarter, compared to analysts’ expectations of $415.04 million. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. During the same period last year, the business earned $1.11 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. On average, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.3 EPS for the current fiscal year.

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.