Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Position Reduced by 1832 Asset Management L.P.

1832 Asset Management L.P. decreased its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 26.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,218 shares of the company’s stock after selling 796 shares during the quarter. 1832 Asset Management L.P.’s holdings in Boot Barn were worth $286,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC increased 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 worth $34,000 after acquiring an additional 140 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Boot Barn in the 2nd quarter worth about $64,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Boot Barn during the 2nd quarter worth about $84,000. First Horizon Advisors Inc. lifted its holdings in shares of Boot Barn by 11.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock valued at $120,000 after buying an additional 94 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of Boot Barn in the 4th quarter valued at approximately $165,000.

Boot Barn Stock Up 1.6 %

BOOT opened at $167.64 on Friday. The stock’s 50 day moving average price is $139.04 and its two-hundred day moving average price is $120.73. The firm has a market capitalization of $5.10 billion, a P/E ratio of 34.93 and a beta of 2.11. Boot Barn Holdings, Inc. has a 12-month low of $66.73 and a 12-month high of $168.70.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.18. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The business had revenue of $423.40 million for the quarter, compared to the consensus estimate of $415.04 million. During the same quarter last year, the company posted $1.11 earnings per share. Boot Barn’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, analysts anticipate that Boot Barn Holdings, Inc. will post 5.31 earnings per share for the current year.

Analysts Set New Price Targets

BOOT has been the topic of several recent research reports. TD Cowen raised their price objective on shares of Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Craig Hallum raised their price target on shares of Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Robert W. Baird upped their price objective on shares of Boot Barn from $132.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. increased their target price on shares of Boot Barn from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, Citigroup boosted their price target on Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $141.10.

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.