Amalgamated Bank Sells 356 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Amalgamated Bank reduced its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,927 shares of the company’s stock after selling 356 shares during the period. Amalgamated Bank’s holdings in Boot Barn were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new position in Boot Barn during the 3rd quarter valued at about $25,000. GAMMA Investing LLC increased its position 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 in the last quarter. Canada Pension Plan Investment Board acquired a new position in Boot Barn during the 2nd quarter valued at about $64,000. 1620 Investment Advisors Inc. acquired a new position in Boot Barn during the 2nd quarter valued at about $84,000. Finally, USA Financial Formulas acquired a new position in Boot Barn during the 3rd quarter valued at about $92,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BOOT. Benchmark reaffirmed a “buy” rating and set a $192.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. BTIG Research increased their price objective on Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective on the stock in a report on Wednesday, October 30th. Finally, Citigroup cut their price objective on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boot Barn has an average rating of “Moderate Buy” and a consensus target price of $164.55.

Boot Barn Stock Down 1.3 %

Shares of BOOT opened at $134.65 on Wednesday. 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 capitalization of $4.11 billion, a price-to-earnings ratio of 27.04 and a beta of 2.16. The stock’s 50-day moving average price is $153.00 and its 200-day moving average price is $134.30.

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

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.