Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 13.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 493,712 shares of the company’s stock after selling 75,316 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.62% of Boot Barn worth $63,654,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in Boot Barn by 111.1% during the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after buying an additional 140 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Boot Barn during the 2nd quarter valued at approximately $64,000. 1620 Investment Advisors Inc. bought a new position in Boot Barn during the second quarter worth $84,000. Quest Partners LLC acquired a new position in Boot Barn in the fourth quarter worth $112,000. Finally, First Horizon Advisors Inc. increased its stake in Boot Barn by 11.2% during the second quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock valued at $120,000 after purchasing an additional 94 shares during the last quarter.

Boot Barn Stock Performance

Shares of BOOT stock opened at $167.81 on Friday. Boot Barn Holdings, Inc. has a 1 year low of $66.73 and a 1 year high of $168.70. The firm has a market capitalization of $5.10 billion, a PE ratio of 34.96 and a beta of 2.11. The stock has a fifty day moving average of $135.81 and a two-hundred day moving average of $118.82.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.18. The business had revenue of $423.40 million during the quarter, compared to the consensus estimate of $415.04 million. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 earnings per share. Equities research analysts predict that Boot Barn Holdings, Inc. will post 5.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BOOT. BTIG Research raised their price target on shares of Boot Barn from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. UBS Group raised their target price on shares of Boot Barn from $125.00 to $127.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and set a $140.00 target price on shares of Boot Barn in a report on Wednesday, September 11th. Citigroup raised their price target on Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. upped 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.10.

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.