Tilia Fiduciary Partners Inc. Reduces Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Tilia Fiduciary Partners Inc. lowered its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,631 shares of the company’s stock after selling 578 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in Boot Barn were worth $1,611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Boot Barn by 111.1% in the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after purchasing an additional 140 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Boot Barn in the 2nd quarter valued at about $64,000. 1620 Investment Advisors Inc. purchased a new position in Boot Barn in the 2nd quarter valued at about $84,000. First Horizon Advisors Inc. lifted its holdings in Boot Barn by 11.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock valued at $120,000 after purchasing an additional 94 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of Boot Barn during the fourth quarter worth about $165,000.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BTIG Research lifted their target price on shares of Boot Barn from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Robert W. Baird increased their target price on Boot Barn from $140.00 to $167.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 1st. UBS Group upped their price objective on shares of Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on shares of Boot Barn from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Finally, Piper Sandler increased their target price on shares of Boot Barn from $144.00 to $147.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.00.

Boot Barn Stock Up 0.5 %

NYSE:BOOT traded up $0.83 during trading hours on Wednesday, reaching $162.43. 40,203 shares of the stock were exchanged, compared to its average volume of 752,590. The stock has a market capitalization of $4.94 billion, a P/E ratio of 33.93 and a beta of 2.12. The firm has a 50 day simple moving average of $145.48 and a 200-day simple moving average of $125.65. Boot Barn Holdings, Inc. has a 52 week low of $66.73 and a 52 week high of $169.07.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.18. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The firm had revenue of $423.40 million during the quarter, compared to analyst estimates of $415.04 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, analysts expect that Boot Barn Holdings, Inc. will post 5.31 earnings per share for the current 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.