Boot Barn Holdings, Inc. (NYSE:BOOT) Holdings Cut by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 37.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,467 shares of the company’s stock after selling 878 shares during the quarter. Park Avenue Securities LLC’s holdings in Boot Barn were worth $245,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the business. Wellington Management Group LLP boosted its position in shares of Boot Barn by 186.6% in the fourth quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock valued at $197,527,000 after acquiring an additional 1,675,410 shares during the period. Wasatch Advisors LP raised its holdings in Boot Barn by 43.8% during the 1st quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock worth $202,830,000 after purchasing an additional 649,021 shares during the last quarter. Capital Research Global Investors acquired a new position in Boot Barn in the first quarter valued at approximately $32,779,000. Janus Henderson Group PLC boosted its position in shares of Boot Barn by 1,212.4% in the 1st quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock worth $27,134,000 after purchasing an additional 263,444 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Boot Barn by 35.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 700,007 shares of the company’s stock worth $53,733,000 after buying an additional 182,130 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BOOT shares. BTIG Research raised their price target on Boot Barn from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Piper Sandler boosted their price target on Boot Barn from $147.00 to $179.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group raised their target price on shares of Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Citigroup lifted their price objective on shares of Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Benchmark increased their target price on Boot Barn from $140.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.20.

Boot Barn Stock Up 1.4 %

BOOT opened at $161.65 on Tuesday. The firm has a 50-day moving average price of $148.36 and a 200-day moving average price of $127.64. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 33.68 and a beta of 2.12. Boot Barn Holdings, Inc. has a twelve month low of $66.73 and a twelve month high of $169.07.

Boot Barn (NYSE:BOOT) last released 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 during the quarter, compared to analyst estimates of $415.04 million. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. Boot Barn’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business earned $1.11 earnings per share. On average, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.29 earnings per share for the current fiscal year.

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.