Kornitzer Capital Management Inc. KS Has $7.48 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Kornitzer Capital Management Inc. KS increased its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 19.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,015 shares of the company’s stock after acquiring an additional 9,600 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Boot Barn were worth $7,480,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of 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. 1620 Investment Advisors Inc. bought a new stake in Boot Barn during the second quarter worth $84,000. Principal Securities Inc. bought a new position in shares of Boot Barn during the 4th quarter worth approximately $102,000. Quest Partners LLC purchased a new stake in shares of Boot Barn during the 4th quarter worth approximately $112,000. Finally, First Horizon Advisors Inc. lifted its holdings in Boot Barn by 11.2% during the second 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.

Analyst Ratings Changes

Several brokerages have recently weighed in on BOOT. Citigroup upped their price target on Boot Barn from $122.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, July 19th. UBS Group lifted their price target on shares of Boot Barn from $125.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and issued a $140.00 target price on shares of Boot Barn in a research note on Tuesday, August 6th. TD Cowen lifted their price target on shares of Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. lifted their price target on Boot Barn from $125.00 to $146.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.20.

Boot Barn Stock Down 0.3 %

NYSE:BOOT opened at $134.90 on Friday. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 28.10 and a beta of 2.09. Boot Barn Holdings, Inc. has a 52 week low of $66.73 and a 52 week high of $143.57. The company has a fifty day simple moving average of $130.15 and a two-hundred day simple moving average of $113.79.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. The company had revenue of $423.40 million for the quarter, compared to the consensus estimate of $415.04 million. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 EPS. On average, analysts expect that Boot Barn Holdings, Inc. will post 5.2 EPS for the current 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.