Crossmark Global Holdings Inc. Sells 114 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Crossmark Global Holdings Inc. decreased its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,201 shares of the company’s stock after selling 114 shares during the period. Crossmark Global Holdings Inc.’s holdings in Boot Barn were worth $284,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Boot Barn by 111.1% during the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock worth $34,000 after buying an additional 140 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in Boot Barn during the second quarter worth about $84,000. First Horizon Advisors Inc. boosted 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 worth $120,000 after buying an additional 94 shares during the last quarter. Principal Securities Inc. bought a new position in Boot Barn during the fourth quarter worth about $102,000. Finally, Quest Partners LLC bought a new position in Boot Barn during the fourth quarter worth about $112,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Piper Sandler raised their target price on Boot Barn from $144.00 to $147.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Craig Hallum raised their target price on Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $125.00 to $146.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. UBS Group lifted their price objective on Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Finally, BTIG Research lifted their price objective on Boot Barn from $125.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $138.20.

Boot Barn Stock Performance

Shares of Boot Barn stock opened at $135.41 on Thursday. The business’s 50 day simple moving average is $130.02 and its 200 day simple moving average is $113.64. Boot Barn Holdings, Inc. has a 52-week low of $66.73 and a 52-week high of $143.57. The firm has a market cap of $4.12 billion, a PE ratio of 28.21 and a beta of 2.09.

Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The business had revenue of $423.40 million for the quarter, compared to analyst estimates of $415.04 million. During the same quarter last year, the firm earned $1.11 EPS. Boot Barn’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, equities research analysts predict 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.