Assetmark Inc. Has $42,000 Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Assetmark Inc. lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 32.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 250 shares of the company’s stock after selling 120 shares during the period. Assetmark Inc.’s holdings in Boot Barn were worth $42,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital Research Global Investors acquired a new stake in Boot Barn in the 1st quarter worth approximately $32,779,000. Janus Henderson Group PLC lifted its stake in shares of Boot Barn by 1,212.4% in the first quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock worth $27,134,000 after buying an additional 263,444 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Boot Barn during the 2nd quarter worth $19,532,000. Westwood Holdings Group Inc. grew its stake in Boot Barn by 29.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company’s stock valued at $51,918,000 after buying an additional 124,060 shares during the last quarter. Finally, F M Investments LLC bought a new position in Boot Barn in the 2nd quarter worth $14,888,000.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BOOT. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Benchmark reaffirmed a “buy” rating and issued a $192.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. BTIG Research increased their price objective on Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Williams Trading reaffirmed a “buy” rating and set a $173.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.55.

Boot Barn Stock Performance

Shares of BOOT opened at $134.06 on Tuesday. The stock has a fifty day moving average price of $152.78 and a two-hundred day moving average price of $135.09. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 26.92 and a beta of 2.16. Boot Barn Holdings, Inc. has a 52-week low of $68.37 and a 52-week high of $169.83.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The firm had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. During the same quarter last year, the company posted $0.91 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, research analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal 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.