US Bancorp DE Has $1.08 Million Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

US Bancorp DE decreased its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 20.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,453 shares of the company’s stock after selling 1,657 shares during the period. US Bancorp DE’s holdings in Boot Barn were worth $1,079,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Trust Point Inc. grew its position in shares of Boot Barn by 0.8% during the 3rd quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock worth $1,524,000 after buying an additional 71 shares during the period. First Horizon Advisors Inc. grew its position 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 buying an additional 94 shares during the period. Shaker Investments LLC OH grew its position in shares of Boot Barn by 1.6% during the 2nd quarter. Shaker Investments LLC OH now owns 6,452 shares of the company’s stock worth $832,000 after buying an additional 102 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Boot Barn by 9.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company’s stock worth $188,000 after buying an additional 126 shares during the period. Finally, Tilia Fiduciary Partners Inc. grew its position in shares of Boot Barn by 1.4% during the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 10,209 shares of the company’s stock worth $1,316,000 after buying an additional 136 shares during the period.

Analysts Set New Price Targets

BOOT has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Benchmark reiterated a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. BTIG Research increased their target price on Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Craig Hallum cut Boot Barn from a “buy” rating to a “hold” rating and increased their target price for the stock from $154.00 to $162.00 in a report on Friday, October 25th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $179.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.55.

Boot Barn Trading Up 0.5 %

Shares of NYSE:BOOT opened at $135.11 on Friday. The stock’s fifty day simple moving average is $152.96 and its two-hundred day simple moving average is $133.53. Boot Barn Holdings, Inc. has a 1-year low of $68.37 and a 1-year high of $169.83. The stock has a market cap of $4.12 billion, a PE ratio of 27.13 and a beta of 2.16.

Boot Barn (NYSE:BOOT) last announced its earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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 last year, the firm posted $0.91 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.48 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.