Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,588 shares of the company’s stock after selling 409 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Boot Barn were worth $767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BOOT. GHP Investment Advisors Inc. purchased a new stake in shares of Boot Barn in the third quarter worth about $25,000. GAMMA Investing LLC boosted its position in Boot Barn by 111.1% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock worth $34,000 after purchasing 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 worth approximately $64,000. 1620 Investment Advisors Inc. purchased a new position in shares of Boot Barn during the 2nd quarter valued at approximately $84,000. Finally, USA Financial Formulas acquired a new position in shares of Boot Barn in the 3rd quarter valued at $92,000.

Boot Barn Price Performance

Boot Barn stock opened at $138.83 on Wednesday. The business has a 50 day simple moving average of $151.23 and a 200-day simple moving average of $136.23. Boot Barn Holdings, Inc. has a 12 month low of $68.37 and a 12 month high of $169.83. The stock has a market capitalization of $4.24 billion, a PE ratio of 27.88 and a beta of 2.16.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BOOT shares. UBS Group raised their target price 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 reissued a “buy” rating and issued a $192.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Craig Hallum downgraded Boot Barn from a “buy” rating to a “hold” rating and upped their target price for the stock from $154.00 to $162.00 in a research note on Friday, October 25th. BTIG Research increased their target price on Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Finally, Citigroup cut their price target on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.