Connor Clark & Lunn Investment Management Ltd. Acquires 4,585 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 5.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 90,792 shares of the company’s stock after purchasing an additional 4,585 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Boot Barn were worth $15,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BOOT. Capital Research Global Investors bought a new stake in Boot Barn in the first quarter worth $32,779,000. Janus Henderson Group PLC grew its holdings in shares of Boot Barn by 1,212.4% during the first quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock valued at $27,134,000 after buying an additional 263,444 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Boot Barn in the 2nd quarter worth $19,532,000. Westwood Holdings Group Inc. raised its position in Boot Barn by 29.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company’s stock worth $51,918,000 after buying an additional 124,060 shares during the last quarter. Finally, F M Investments LLC bought a new stake in shares of Boot Barn in the second quarter worth approximately $14,888,000.

Boot Barn Stock Performance

NYSE BOOT opened at $132.65 on Thursday. The business’s 50 day moving average price is $152.05 and its 200-day moving average price is $135.27. Boot Barn Holdings, Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $169.83. The company has a market cap of $4.05 billion, a P/E ratio of 26.64 and a beta of 2.16.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Benchmark reissued a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. UBS Group upped their price target on shares of Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Piper Sandler restated an “overweight” rating and set a $179.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. raised their price target on Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and a consensus price target of $164.55.

Boot Barn 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.