Municipal Employees Retirement System of Michigan held its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,910 shares of the company’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan owned 0.10% of Boot Barn Holdings worth $256,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Eagle Global Advisors LLC purchased a new position in shares of Boot Barn Holdings during the first quarter valued at approximately $113,000. Alambic Investment Management L.P. purchased a new position in shares of Boot Barn Holdings during the first quarter valued at approximately $155,000. A.R.T. Advisors LLC purchased a new position in shares of Boot Barn Holdings during the fourth quarter valued at approximately $334,000. Norges Bank purchased a new position in shares of Boot Barn Holdings during the fourth quarter valued at approximately $489,000. Finally, Oxford Asset Management boosted its position in shares of Boot Barn Holdings by 127.5% in the first quarter. Oxford Asset Management now owns 57,719 shares of the company’s stock valued at $571,000 after buying an additional 32,349 shares during the last quarter.

Boot Barn Holdings, Inc. (BOOT) traded up 8.07% during midday trading on Friday, reaching $9.24. 627,632 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $6.84 and a 200-day moving average of $9.09. The stock has a market cap of $245.70 million, a PE ratio of 17.14 and a beta of 1.26. Boot Barn Holdings, Inc. has a 12 month low of $5.90 and a 12 month high of $17.26.

Boot Barn Holdings (NYSE:BOOT) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.03 EPS for the quarter. Boot Barn Holdings had a net margin of 2.26% and a return on equity of 8.67%. The business had revenue of $139.40 million for the quarter, compared to analysts’ expectations of $139 million. During the same period last year, the business earned $0.02 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts predict that Boot Barn Holdings, Inc. will post $0.61 earnings per share for the current year.

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BOOT has been the subject of several analyst reports. ValuEngine upgraded shares of Boot Barn Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 17th. J P Morgan Chase & Co restated a “neutral” rating and issued a $7.00 target price (down from $11.00) on shares of Boot Barn Holdings in a research report on Tuesday, June 6th. Zacks Investment Research cut shares of Boot Barn Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of Boot Barn Holdings in a report on Tuesday, July 4th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $9.00 price target (down from $14.00) on shares of Boot Barn Holdings in a report on Monday, June 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Boot Barn Holdings presently has an average rating of “Hold” and an average target price of $10.88.

In other news, Director Peter Starrett bought 50,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were purchased at an average price of $6.12 per share, for a total transaction of $306,000.00. Following the completion of the acquisition, the director now owns 4,726 shares of the company’s stock, valued at $28,923.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brenda I. Morris purchased 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was bought at an average price of $6.33 per share, for a total transaction of $44,310.00. Following the acquisition, the director now owns 13,818 shares of the company’s stock, valued at $87,467.94. The disclosure for this purchase can be found here. 4.60% of the stock is owned by company insiders.

About Boot Barn Holdings

Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.

Institutional Ownership by Quarter for Boot Barn Holdings (NYSE:BOOT)

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