HighTower Advisors LLC Sells 41,047 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

HighTower Advisors LLC reduced its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 94.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,191 shares of the company’s stock after selling 41,047 shares during the quarter. HighTower Advisors LLC’s holdings in Boot Barn were worth $370,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its holdings in Boot Barn by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock valued at $82,895,000 after purchasing an additional 1,834 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Boot Barn by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company’s stock valued at $58,999,000 after buying an additional 6,335 shares during the period. Bank of New York Mellon Corp grew its position in Boot Barn by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 259,885 shares of the company’s stock worth $33,507,000 after buying an additional 9,126 shares in the last quarter. Principal Financial Group Inc. increased its stake in Boot Barn by 14.3% in the 2nd quarter. Principal Financial Group Inc. now owns 217,387 shares of the company’s stock worth $28,028,000 after acquiring an additional 27,228 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Boot Barn in the 2nd quarter valued at about $19,532,000.

Boot Barn Stock Up 1.0 %

Shares of NYSE BOOT opened at $147.75 on Monday. The firm’s fifty day moving average is $144.19 and its 200 day moving average is $140.32. Boot Barn Holdings, Inc. has a 52 week low of $68.37 and a 52 week high of $169.83. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 29.67 and a beta of 2.14.

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

Wall Street Analysts Forecast Growth

BOOT has been the topic of several research analyst reports. Craig Hallum cut shares of Boot Barn from a “buy” rating to a “hold” rating and upped their price objective for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. Citigroup decreased their price target on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Williams Trading reaffirmed a “buy” rating and set a $173.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Finally, UBS Group lifted their price target on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock 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.