Eagle Asset Management Inc. Sells 22,920 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Eagle Asset Management Inc. reduced its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 16.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,444 shares of the company’s stock after selling 22,920 shares during the quarter. Eagle Asset Management Inc. owned about 0.38% of Boot Barn worth $19,646,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. bought a new position in Boot Barn in the 3rd quarter valued at about $25,000. GAMMA Investing LLC increased its holdings in shares of Boot Barn by 111.1% during the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock worth $34,000 after purchasing an additional 140 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Boot Barn during the second quarter worth approximately $64,000. 1620 Investment Advisors Inc. bought a new position in shares of Boot Barn during the second quarter worth approximately $84,000. Finally, USA Financial Formulas bought a new position in shares of Boot Barn during the third quarter worth approximately $92,000.

Boot Barn Stock Performance

NYSE BOOT opened at $137.12 on Friday. The firm’s fifty day moving average price is $151.42 and its two-hundred day moving average price is $135.50. The stock has a market cap of $4.19 billion, a PE ratio of 27.53 and a beta of 2.16. Boot Barn Holdings, Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $169.83.

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

Analyst Ratings Changes

BOOT has been the topic of several recent research reports. BTIG Research raised their target price on shares of Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a report 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 target price on the stock in a report on Wednesday, October 30th. 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. UBS Group raised their target price on shares of Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of 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 issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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.