HighTower Advisors LLC Has $370,000 Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

HighTower Advisors LLC trimmed its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 94.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,191 shares of the company’s stock after selling 41,047 shares during the quarter. HighTower Advisors LLC’s holdings in Boot Barn were worth $370,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Trust Point Inc. lifted its holdings in shares of Boot Barn by 0.8% in the 3rd quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock worth $1,524,000 after purchasing an additional 71 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Boot Barn by 3.7% in the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock valued at $382,000 after buying an additional 82 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Boot Barn by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock valued at $701,000 after buying an additional 83 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Boot Barn by 9.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company’s stock worth $188,000 after acquiring an additional 126 shares in the last quarter. Finally, Kings Path Partners LLC raised its holdings in shares of Boot Barn by 2.7% in the 3rd quarter. Kings Path Partners LLC now owns 5,430 shares of the company’s stock worth $908,000 after acquiring an additional 142 shares during the last quarter.

Boot Barn Stock Performance

BOOT stock opened at $147.75 on Monday. The stock has a fifty day moving average of $144.19 and a 200-day moving average of $140.32. Boot Barn Holdings, Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $169.83. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 29.67 and a beta of 2.14.

Boot Barn (NYSE:BOOT) last issued its earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The firm had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. Equities analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on BOOT. Piper Sandler reissued an “overweight” rating and set a $179.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. UBS Group increased their price target on Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and set a $192.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Robert W. Baird upgraded shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price for the company in a report on Wednesday, October 30th. Finally, BTIG Research boosted their price target on shares of Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.