Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Position Lowered by Larson Financial Group LLC

Larson Financial Group LLC lessened its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 21.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,721 shares of the company’s stock after selling 482 shares during the quarter. Larson Financial Group LLC’s holdings in Boot Barn were worth $288,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC lifted its position 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 buying an additional 263,444 shares in the last quarter. Marshall Wace LLP purchased a new stake in Boot Barn in the 2nd quarter worth approximately $19,532,000. Westwood Holdings Group Inc. lifted its position 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 buying an additional 124,060 shares in the last quarter. F M Investments LLC purchased a new stake in Boot Barn in the 2nd quarter worth approximately $14,888,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Boot Barn in the 3rd quarter worth approximately $5,931,000.

Boot Barn Trading Down 1.9 %

NYSE:BOOT opened at $136.23 on Thursday. Boot Barn Holdings, Inc. has a 1 year low of $68.37 and a 1 year high of $169.83. The firm’s fifty day simple moving average is $150.87 and its 200 day simple moving average is $136.47. The firm has a market capitalization of $4.16 billion, a PE ratio of 27.36 and a beta of 2.16.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share 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 firm had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. During the same period in the prior year, the firm earned $0.91 EPS. The business’s revenue was up 13.7% on a year-over-year basis. As a group, analysts anticipate that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BOOT shares. UBS Group increased their target price 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. Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Craig Hallum lowered shares of Boot Barn from a “buy” rating to a “hold” rating and increased their price target for the stock from $154.00 to $162.00 in a research note on Friday, October 25th. Benchmark restated a “buy” rating and set a $192.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Finally, Citigroup dropped their price target on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Boot Barn presently has a consensus rating of “Moderate Buy” and an average 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.