Hancock Whitney Corp Reduces Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Hancock Whitney Corp cut its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 43.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,545 shares of the company’s stock after selling 1,964 shares during the quarter. Hancock Whitney Corp’s holdings in Boot Barn were worth $328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in Boot Barn by 186.6% in the fourth quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock worth $197,527,000 after buying an additional 1,675,410 shares during the period. Wasatch Advisors LP grew its stake in shares of Boot Barn by 43.8% in the 1st quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock worth $202,830,000 after buying an additional 649,021 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in Boot Barn during the 4th quarter valued at approximately $32,361,000. Capital Research Global Investors bought a new stake in Boot Barn in the first quarter worth $32,779,000. Finally, Janus Henderson Group PLC grew 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 acquiring an additional 263,444 shares during the last quarter.

Boot Barn Stock Down 2.1 %

NYSE BOOT opened at $164.32 on Tuesday. The firm has a market capitalization of $5.00 billion, a P/E ratio of 34.23 and a beta of 2.11. The company has a 50-day moving average price of $136.52 and a 200-day moving average price of $119.54. Boot Barn Holdings, Inc. has a 52 week low of $66.73 and a 52 week high of $168.70.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BOOT shares. JPMorgan Chase & Co. upped their price target on shares of Boot Barn from $146.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. UBS Group raised their price target on shares of Boot Barn from $125.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Citigroup upped their price objective on Boot Barn from $122.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Craig Hallum lifted their target price on Boot Barn from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Finally, Robert W. Baird upped their price target on Boot Barn from $132.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and a consensus price target of $141.10.

Boot Barn 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.