Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Position Reduced by Wasatch Advisors LP

Wasatch Advisors LP lessened its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 28.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,369,244 shares of the company’s stock after selling 533,186 shares during the period. Wasatch Advisors LP owned about 4.49% of Boot Barn worth $229,047,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new stake in Boot Barn in the 3rd quarter valued at approximately $25,000. GAMMA Investing LLC increased its position in Boot Barn by 111.1% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after acquiring an additional 140 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Boot Barn during the 2nd quarter valued at $64,000. 1620 Investment Advisors Inc. acquired a new position in shares of Boot Barn during the 2nd quarter valued at $84,000. Finally, USA Financial Formulas acquired a new position in shares of Boot Barn during the 3rd quarter valued at $92,000.

Analyst Upgrades and Downgrades

BOOT has been the topic of several research analyst reports. Benchmark reiterated a “buy” rating and set a $192.00 price target 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 research note on Wednesday, October 30th. UBS Group lifted their price target on Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Piper Sandler reiterated an “overweight” rating and set a $179.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Finally, Craig Hallum downgraded Boot Barn from a “buy” rating to a “hold” rating and lifted their price target for the company from $154.00 to $162.00 in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.55.

Boot Barn Trading Up 0.8 %

BOOT stock opened at $137.38 on Friday. Boot Barn Holdings, Inc. has a 1-year low of $68.37 and a 1-year high of $169.83. The firm has a market cap of $4.19 billion, a P/E ratio of 27.59 and a beta of 2.16. The business’s 50 day moving average is $149.78 and its 200-day moving average is $136.47.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The business had revenue of $425.80 million for 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%. Boot Barn’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 EPS. Sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS for the current 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.