UMB Bank n.a. Has $106,000 Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

UMB Bank n.a. trimmed its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 13.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 820 shares of the company’s stock after selling 128 shares during the quarter. UMB Bank n.a.’s holdings in Boot Barn were worth $106,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Boot Barn by 111.1% during the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after purchasing an additional 140 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Boot Barn during the second quarter valued at about $84,000. Principal Securities Inc. acquired a new position in shares of Boot Barn in the fourth quarter worth approximately $102,000. Quest Partners LLC acquired a new position in shares of Boot Barn in the fourth quarter worth approximately $112,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Boot Barn by 11.2% in the second quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock worth $120,000 after acquiring an additional 94 shares during the period.

Analysts Set New Price Targets

A number of research firms recently commented on BOOT. Citigroup lifted their price objective on Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. BTIG Research lifted their price objective on Boot Barn from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. TD Cowen lifted their price objective on Boot Barn from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Robert W. Baird lifted their price objective on Boot Barn from $132.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Finally, UBS Group lifted their price objective on Boot Barn from $125.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.20.

Boot Barn Stock Performance

Shares of BOOT opened at $134.22 on Friday. The firm has a market cap of $4.08 billion, a PE ratio of 27.96 and a beta of 2.09. Boot Barn Holdings, Inc. has a 52-week low of $66.73 and a 52-week high of $143.57. The business’s 50 day moving average price is $129.61 and its two-hundred day moving average price is $112.53.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.08 by $0.18. The firm had revenue of $423.40 million during 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 quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.11 earnings per share. Research analysts predict that Boot Barn Holdings, Inc. will post 5.03 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.