Sequoia Financial Advisors LLC Sells 2,431 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Sequoia Financial Advisors LLC lowered its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 56.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,869 shares of the company’s stock after selling 2,431 shares during the period. Sequoia Financial Advisors LLC’s holdings in Boot Barn were worth $313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Research Global Investors bought a new position in shares of Boot Barn in the first quarter valued at approximately $32,779,000. Janus Henderson Group PLC increased its position in shares of Boot Barn by 1,212.4% during the first quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock valued at $27,134,000 after acquiring an additional 263,444 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Boot Barn during the second quarter valued at approximately $19,532,000. Westwood Holdings Group Inc. increased its position in shares of Boot Barn by 29.4% during the first quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company’s stock valued at $51,918,000 after acquiring an additional 124,060 shares during the last quarter. Finally, F M Investments LLC purchased a new stake in shares of Boot Barn during the second quarter valued at approximately $14,888,000.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Robert W. Baird increased their price target on Boot Barn from $140.00 to $167.00 and gave the company a “neutral” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. raised their target price on Boot Barn from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Citigroup raised their target price on Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Benchmark raised their target price on Boot Barn from $140.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, UBS Group raised their target price on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Boot Barn currently has an average rating of “Hold” and an average price target of $157.20.

Boot Barn Price Performance

Boot Barn stock opened at $161.46 on Tuesday. Boot Barn Holdings, Inc. has a one year low of $66.73 and a one year high of $169.83. The business has a fifty day moving average price of $154.70 and a 200-day moving average price of $132.17. The firm has a market capitalization of $4.91 billion, a P/E ratio of 33.64 and a beta of 2.12.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.18. The company had revenue of $423.40 million during the quarter, compared to analyst estimates of $415.04 million. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company earned $1.11 earnings per share. Sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.29 earnings per share for the current fiscal year.

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.