PNC Financial Services Group Inc. Sells 456 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

PNC Financial Services Group Inc. cut its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 7.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,516 shares of the company’s stock after selling 456 shares during the period. PNC Financial Services Group Inc.’s holdings in Boot Barn were worth $923,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Marshall Wace LLP purchased a new stake in shares of Boot Barn during the 2nd quarter valued at $19,532,000. Westwood Holdings Group Inc. lifted its stake in Boot Barn by 29.4% during the first quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company’s stock worth $51,918,000 after purchasing an additional 124,060 shares during the last quarter. F M Investments LLC purchased a new position in shares of Boot Barn in the 2nd quarter worth about $14,888,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Boot Barn during the 3rd quarter valued at about $5,931,000. Finally, Sei Investments Co. raised its holdings in shares of Boot Barn by 39.3% during the 2nd quarter. Sei Investments Co. now owns 102,933 shares of the company’s stock valued at $13,271,000 after buying an additional 29,049 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have issued reports on BOOT. Benchmark reaffirmed a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. Piper Sandler reaffirmed an “overweight” rating and set a $179.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. Craig Hallum cut shares of Boot Barn from a “buy” rating to a “hold” rating and lifted their target price for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. Williams Trading restated a “buy” rating and set a $173.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and a consensus price target of $164.55.

Boot Barn Trading Down 1.9 %

Shares of NYSE:BOOT opened at $136.23 on Friday. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 27.36 and a beta of 2.16. The company has a 50-day moving average price of $150.38 and a 200-day moving average price of $136.47. Boot Barn Holdings, Inc. has a 12 month low of $68.37 and a 12 month high of $169.83.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. The firm had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 earnings per share. As a group, research analysts forecast 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.