Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 13.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 479,966 shares of the company’s stock after selling 76,563 shares during the period. Allspring Global Investments Holdings LLC owned about 1.57% of Boot Barn worth $61,882,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BOOT. GAMMA Investing LLC raised its stake in shares of Boot Barn by 111.1% in the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after acquiring an additional 140 shares in the last quarter. Headlands Technologies LLC raised its position in Boot Barn by 1,037.7% in the 4th quarter. Headlands Technologies LLC now owns 785 shares of the company’s stock valued at $60,000 after purchasing an additional 716 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Boot Barn in the 2nd quarter valued at about $84,000. Principal Securities Inc. acquired a new position in shares of Boot Barn during the fourth quarter worth about $102,000. Finally, Quest Partners LLC purchased a new stake in shares of Boot Barn during the fourth quarter worth approximately $112,000.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BOOT. Robert W. Baird lifted their price target on shares of Boot Barn from $132.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Craig Hallum boosted their target price on Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. UBS Group raised their price target on Boot Barn from $125.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Piper Sandler increased their price objective on Boot Barn from $144.00 to $147.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Benchmark reaffirmed a “buy” rating and issued a $140.00 target price on shares of Boot Barn in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.20.

Boot Barn Trading Down 0.6 %

Shares of BOOT opened at $141.01 on Wednesday. The stock’s 50 day moving average is $129.28 and its two-hundred day moving average is $111.87. Boot Barn Holdings, Inc. has a twelve month low of $66.73 and a twelve month high of $143.57. The firm has a market capitalization of $4.29 billion, a PE ratio of 29.38 and a beta of 2.09.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. The firm had revenue of $423.40 million for the quarter, compared to the consensus estimate of $415.04 million. Boot Barn had a return on equity of 16.84% and a net margin of 8.82%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 earnings per share. On average, sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.03 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.