Larson Financial Group LLC Sells 101 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Larson Financial Group LLC lessened its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,203 shares of the company’s stock after selling 101 shares during the period. Larson Financial Group LLC’s holdings in Boot Barn were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in BOOT. Natixis Advisors L.P. lifted its holdings in shares of Boot Barn by 0.5% during the 4th quarter. Natixis Advisors L.P. now owns 32,608 shares of the company’s stock valued at $2,502,000 after purchasing an additional 149 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Boot Barn by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 320,258 shares of the company’s stock worth $24,583,000 after acquiring an additional 13,168 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Boot Barn during the fourth quarter valued at about $102,000. Versor Investments LP purchased a new position in shares of Boot Barn in the 4th quarter valued at approximately $470,000. Finally, BNP Paribas Financial Markets boosted its stake in Boot Barn by 79.4% in the 4th quarter. BNP Paribas Financial Markets now owns 50,264 shares of the company’s stock worth $3,858,000 after purchasing an additional 22,250 shares in the last quarter.

Analyst Upgrades and Downgrades

BOOT has been the subject of several research reports. BTIG Research lifted their price objective on shares of Boot Barn from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Craig Hallum upped their target price on Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. JPMorgan Chase & Co. raised their price target on shares of Boot Barn from $125.00 to $146.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Piper Sandler upped their price objective on shares of Boot Barn from $144.00 to $147.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Citigroup raised their target price on shares of Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $138.20.

Boot Barn Stock Performance

BOOT stock opened at $135.53 on Friday. The firm’s fifty day moving average is $130.28 and its 200 day moving average is $114.10. The firm has a market cap of $4.12 billion, a PE ratio of 28.24 and a beta of 2.09. Boot Barn Holdings, Inc. has a one year low of $66.73 and a one year high of $143.57.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.18. The firm had revenue of $423.40 million during the quarter, compared to analyst estimates of $415.04 million. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. Boot Barn’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 EPS. Research analysts predict that Boot Barn Holdings, Inc. will post 5.2 earnings per share for the current fiscal 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.