Dimensional Fund Advisors LP Sells 124,381 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Dimensional Fund Advisors LP lessened its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 11.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 973,139 shares of the company’s stock after selling 124,381 shares during the period. Dimensional Fund Advisors LP owned approximately 3.20% of Boot Barn worth $125,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BOOT. GAMMA Investing LLC grew its holdings in Boot Barn by 111.1% in the 2nd 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. 1620 Investment Advisors Inc. acquired a new position in shares of Boot Barn in the second quarter valued at about $84,000. Quest Partners LLC bought a new position in Boot Barn during the fourth quarter worth about $112,000. First Horizon Advisors Inc. boosted 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 during the period. Finally, Neo Ivy Capital Management acquired a new position in shares of Boot Barn during the 4th quarter worth approximately $165,000.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Benchmark reissued a “buy” rating and set a $140.00 price target on shares of Boot Barn in a research report on Wednesday, September 11th. Citigroup boosted their price target on Boot Barn from $122.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Robert W. Baird increased their price objective on shares of Boot Barn from $132.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. TD Cowen boosted their target price on shares of Boot Barn from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Finally, Piper Sandler increased their price target 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Boot Barn has an average rating of “Moderate Buy” and an average price target of $141.10.

Boot Barn Stock Performance

Shares of BOOT opened at $167.81 on Monday. Boot Barn Holdings, Inc. has a 52 week low of $66.73 and a 52 week high of $168.70. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 34.96 and a beta of 2.11. The stock has a fifty day moving average of $135.81 and a 200-day moving average of $119.02.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The firm had revenue of $423.40 million for the quarter, compared to analyst estimates of $415.04 million. During the same period last year, the firm posted $1.11 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.3 EPS 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.