Boot Barn Holdings, Inc. (NYSE:BOOT) Stake Trimmed by Natixis Advisors LLC

Natixis Advisors LLC lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 7.5% during the third quarter, HoldingsChannel reports. The firm owned 30,499 shares of the company’s stock after selling 2,473 shares during the period. Natixis Advisors LLC’s holdings in Boot Barn were worth $5,102,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BOOT. GHP Investment Advisors Inc. purchased a new position in Boot Barn in the 3rd quarter worth about $25,000. GAMMA Investing LLC boosted its position in Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock worth $34,000 after acquiring an additional 140 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Boot Barn during the 2nd quarter worth about $64,000. 1620 Investment Advisors Inc. acquired a new stake in Boot Barn during the 2nd quarter worth about $84,000. Finally, USA Financial Formulas acquired a new stake in Boot Barn during the 3rd quarter worth about $92,000.

Boot Barn Stock Performance

BOOT opened at $137.12 on Friday. The business has a 50 day moving average price of $151.42 and a 200 day moving average price of $135.50. Boot Barn Holdings, Inc. has a twelve month low of $68.37 and a twelve month high of $169.83. The firm has a market cap of $4.19 billion, a P/E ratio of 27.53 and a beta of 2.16.

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

Analyst Ratings Changes

A number of brokerages have commented on BOOT. BTIG Research raised their price objective on Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and raised their price objective for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective for the company in a research report on Wednesday, October 30th. Baird R W upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, Benchmark reiterated a “buy” rating and set a $192.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.55.

Boot Barn Company 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.