Private Advisor Group LLC Sells 140 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Private Advisor Group LLC cut its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 8.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,546 shares of the company’s stock after selling 140 shares during the quarter. Private Advisor Group LLC’s holdings in Boot Barn were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in BOOT. Trust Point Inc. boosted its holdings in Boot Barn by 0.8% in the third quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock worth $1,524,000 after acquiring an additional 71 shares in the last quarter. First Horizon Advisors Inc. raised 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 purchasing an additional 94 shares during the last quarter. Shaker Investments LLC OH raised its stake in shares of Boot Barn by 1.6% in the second quarter. Shaker Investments LLC OH now owns 6,452 shares of the company’s stock worth $832,000 after purchasing an additional 102 shares during the last quarter. Nisa Investment Advisors LLC raised its stake 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 purchasing an additional 126 shares during the last quarter. Finally, Tilia Fiduciary Partners Inc. raised its stake in shares of Boot Barn by 1.4% in the second quarter. Tilia Fiduciary Partners Inc. now owns 10,209 shares of the company’s stock worth $1,316,000 after purchasing an additional 136 shares during the last quarter.

Boot Barn Trading Up 5.7 %

Boot Barn stock opened at $134.45 on Friday. The firm has a market cap of $4.10 billion, a PE ratio of 27.00 and a beta of 2.16. The stock’s 50 day simple moving average is $152.95 and its two-hundred day simple moving average is $133.31. Boot Barn Holdings, Inc. has a 12 month low of $68.37 and a 12 month high of $169.83.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. 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 company earned $0.91 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Analyst Ratings Changes

BOOT has been the subject of several recent analyst reports. Baird R W upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. UBS Group raised their price target on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Craig Hallum cut Boot Barn from a “buy” rating to a “hold” rating and upped their price objective for the company from $154.00 to $162.00 in a research report on Friday, October 25th. Williams Trading reissued a “buy” rating and issued a $173.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price target on Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.55.

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.