Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 8.2% during the third quarter, Holdings Channel reports. The firm owned 4,588 shares of the company’s stock after selling 409 shares during the period. Mutual of America Capital Management LLC’s holdings in Boot Barn were worth $767,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co boosted its position in Boot Barn by 2.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 32,001 shares of the company’s stock valued at $3,045,000 after buying an additional 788 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Boot Barn by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,722 shares of the company’s stock valued at $1,782,000 after purchasing an additional 1,188 shares during the last quarter. Kennedy Capital Management LLC acquired a new stake in Boot Barn during the 1st quarter valued at approximately $230,000. Janus Henderson Group PLC increased its holdings in Boot Barn by 1,212.4% during the 1st quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock worth $27,134,000 after purchasing an additional 263,444 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Boot Barn by 4.4% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 27,849 shares of the company’s stock valued at $2,650,000 after purchasing an additional 1,179 shares in the last quarter.

Boot Barn Price Performance

Shares of BOOT stock opened at $138.83 on Wednesday. Boot Barn Holdings, Inc. has a one year low of $68.37 and a one year high of $169.83. The stock has a fifty day moving average price of $151.23 and a 200 day moving average price of $136.23. The stock has a market cap of $4.24 billion, a P/E ratio of 27.88 and a beta of 2.16.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on BOOT. Williams Trading reissued a “buy” rating and set a $173.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target for the company in a research note on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and set a $179.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. BTIG Research lifted their target price on Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, Citigroup dropped their price target on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $164.55.

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.