Oppenheimer Asset Management Inc. Has $3.11 Million Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Oppenheimer Asset Management Inc. cut its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 16.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,571 shares of the company’s stock after selling 3,652 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.06% of Boot Barn worth $3,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. boosted its stake in Boot Barn by 29.4% in the 1st 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 period. Capital Research Global Investors acquired a new position in Boot Barn in the 1st quarter worth $32,779,000. Janus Henderson Group PLC boosted its stake in Boot Barn by 1,212.4% in 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 period. Summit Creek Advisors LLC boosted its stake in Boot Barn by 0.7% in the 1st quarter. Summit Creek Advisors LLC now owns 262,262 shares of the company’s stock worth $24,954,000 after purchasing an additional 1,789 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Boot Barn by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 259,885 shares of the company’s stock worth $33,507,000 after purchasing an additional 9,126 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BOOT. Citigroup reduced their target price on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target on the stock in a research report on Wednesday, October 30th. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and set a $179.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, UBS Group boosted their price target on shares of Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.55.

Boot Barn Stock Performance

Shares of BOOT stock opened at $135.02 on Friday. The firm’s 50-day moving average is $152.89 and its 200-day moving average is $134.46. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 27.11 and a beta of 2.16. Boot Barn Holdings, Inc. has a 52-week low of $68.37 and a 52-week high of $169.83.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The business had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. During the same quarter in the prior year, the business earned $0.91 EPS. Boot Barn’s quarterly revenue was up 13.7% on a year-over-year basis. Sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS 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.