Wedbush Securities Inc. Sells 118 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Wedbush Securities Inc. lessened its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,050 shares of the company’s stock after selling 118 shares during the quarter. Wedbush Securities Inc.’s holdings in Boot Barn were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Boot Barn by 111.1% during the 2nd 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. bought a new position in shares of Boot Barn during the 2nd quarter worth $84,000. Principal Securities Inc. purchased a new stake in shares of Boot Barn during the 4th quarter worth $102,000. Quest Partners LLC purchased a new stake in shares of Boot Barn during the 4th quarter worth $112,000. Finally, First Horizon Advisors Inc. lifted its stake 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 worth $120,000 after purchasing an additional 94 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently weighed in on BOOT. TD Cowen upped 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. UBS Group increased their price target on Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Craig Hallum increased their price target on Boot Barn from $120.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Benchmark reiterated a “buy” rating and issued a $140.00 price target on shares of Boot Barn in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on Boot Barn from $146.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and an average target price of $141.10.

Boot Barn Stock Up 2.7 %

Boot Barn stock opened at $154.55 on Friday. Boot Barn Holdings, Inc. has a 52 week low of $66.73 and a 52 week high of $162.16. The business’s 50-day moving average price is $132.32 and its 200 day moving average price is $116.36. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 32.20 and a beta of 2.11.

Boot Barn (NYSE:BOOT) last issued 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. 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 analyst estimates of $415.04 million. During the same period last year, the company earned $1.11 earnings per share. Boot Barn’s quarterly revenue was up 10.3% compared to the same quarter last year. Equities analysts expect that Boot Barn Holdings, Inc. will post 5.3 EPS for the current 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.