Dana Investment Advisors Inc. Sells 3,923 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Dana Investment Advisors Inc. lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 18.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,996 shares of the company’s stock after selling 3,923 shares during the period. Dana Investment Advisors Inc. owned approximately 0.06% of Boot Barn worth $2,191,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BOOT. GAMMA Investing LLC raised its holdings in Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after buying an additional 140 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Boot Barn in the 2nd quarter worth about $64,000. 1620 Investment Advisors Inc. bought a new stake in shares of Boot Barn in the 2nd quarter worth about $84,000. First Horizon Advisors Inc. boosted its stake in shares of Boot Barn by 11.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock worth $120,000 after purchasing an additional 94 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Boot Barn by 9.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company’s stock valued at $188,000 after purchasing an additional 126 shares during the last quarter.

Boot Barn Stock Performance

NYSE:BOOT opened at $166.66 on Thursday. The firm has a 50-day simple moving average of $141.70 and a 200-day simple moving average of $122.89. Boot Barn Holdings, Inc. has a one year low of $66.73 and a one year high of $169.07. The firm has a market cap of $5.07 billion, a P/E ratio of 34.72 and a beta of 2.11.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, topping 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 return on equity of 16.44% and a net margin of 8.89%. Boot Barn’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. On average, research analysts predict that Boot Barn Holdings, Inc. will post 5.31 EPS for the current fiscal year.

Analyst Ratings Changes

BOOT has been the topic of a number of analyst reports. TD Cowen upped their target price on Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. JPMorgan Chase & Co. upped their price objective on Boot Barn from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Craig Hallum lifted their target price on Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Piper Sandler upped their price target on shares of Boot Barn from $144.00 to $147.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Finally, UBS Group lifted their price objective on shares of Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Boot Barn has a consensus rating of “Moderate Buy” and an average price target of $143.80.

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.