Blair William & Co. IL Sells 293 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Blair William & Co. IL decreased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 12.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,973 shares of the company’s stock after selling 293 shares during the period. Blair William & Co. IL’s holdings in Boot Barn were worth $254,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BOOT. GAMMA Investing LLC lifted its position 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 buying an additional 140 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Boot Barn in the second quarter worth about $84,000. First Horizon Advisors Inc. lifted its position 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 buying an additional 94 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Boot Barn in the fourth quarter worth about $165,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Boot Barn by 9.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company’s stock worth $188,000 after buying an additional 126 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. TD Cowen boosted their target price on Boot Barn from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. UBS Group boosted their target price on Boot Barn from $125.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Citigroup upped their price objective on Boot Barn from $122.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. upped their price objective on Boot Barn from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Benchmark restated a “buy” rating and set a $140.00 price objective on shares of Boot Barn in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.10.

Boot Barn Stock Performance

BOOT opened at $165.12 on Friday. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 34.40 and a beta of 2.11. The stock’s 50 day moving average price is $139.95 and its 200-day moving average price is $121.26. Boot Barn Holdings, Inc. has a one year low of $66.73 and a one year high of $169.05.

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 return on equity of 16.44% and a net margin of 8.89%. The company had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $415.04 million. During the same quarter in the prior year, the firm earned $1.11 earnings per share. Boot Barn’s revenue was up 10.3% compared to the same quarter last year. As a group, analysts predict that Boot Barn Holdings, Inc. will post 5.31 earnings per share for the current fiscal 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.