Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,691 shares of the company’s stock after selling 500 shares during the quarter. HighTower Advisors LLC’s holdings in Boot Barn were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC increased its stake in Boot Barn by 85.0% during the 3rd quarter. Cerity Partners LLC now owns 2,949 shares of the company’s stock worth $493,000 after buying an additional 1,355 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Boot Barn by 20.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,758 shares of the company’s stock valued at $963,000 after acquiring an additional 984 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in shares of Boot Barn in the third quarter worth about $224,000. Readystate Asset Management LP purchased a new position in Boot Barn in the third quarter valued at about $3,898,000. Finally, Stifel Financial Corp grew its stake in Boot Barn by 5.9% during the 3rd quarter. Stifel Financial Corp now owns 20,592 shares of the company’s stock valued at $3,445,000 after purchasing an additional 1,141 shares in the last quarter.

Boot Barn Price Performance

Shares of NYSE BOOT opened at $115.09 on Thursday. The firm has a market capitalization of $3.52 billion, a PE ratio of 20.55, a P/E/G ratio of 1.17 and a beta of 2.07. Boot Barn Holdings, Inc. has a 1-year low of $96.31 and a 1-year high of $176.64. The business’s fifty day moving average price is $126.88 and its two-hundred day moving average price is $142.64.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. Equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BOOT has been the topic of a number of recent analyst reports. Bank of America upped their target price on Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Piper Sandler reiterated an “overweight” rating and set a $181.00 price objective (up from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. StockNews.com downgraded shares of Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. JPMorgan Chase & Co. increased their price target on shares of Boot Barn from $200.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, UBS Group lowered their price objective on Boot Barn from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and an average price target of $181.92.

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.