Atria Investments Inc Trims Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Atria Investments Inc lowered its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 14.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,074 shares of the company’s stock after selling 693 shares during the quarter. Atria Investments Inc’s holdings in Boot Barn were worth $681,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Trust Point Inc. grew its holdings in Boot Barn by 0.8% during the 3rd quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock valued at $1,524,000 after buying an additional 71 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Boot Barn by 11.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock valued at $120,000 after buying an additional 94 shares in the last quarter. Shaker Investments LLC OH grew its holdings in Boot Barn by 1.6% during the 2nd quarter. Shaker Investments LLC OH now owns 6,452 shares of the company’s stock valued at $832,000 after buying an additional 102 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Boot Barn by 9.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company’s stock valued at $188,000 after buying an additional 126 shares in the last quarter. Finally, Tilia Fiduciary Partners Inc. grew its holdings in Boot Barn by 1.4% during the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 10,209 shares of the company’s stock valued at $1,316,000 after buying an additional 136 shares in the last quarter.

Boot Barn Stock Down 1.0 %

Shares of NYSE BOOT opened at $132.81 on Wednesday. The business’s 50 day moving average price is $152.36 and its 200 day moving average price is $135.29. The firm has a market cap of $4.05 billion, a P/E ratio of 26.67 and a beta of 2.16. Boot Barn Holdings, Inc. has a 52 week low of $68.37 and a 52 week high of $169.83.

Boot Barn (NYSE:BOOT) last issued its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The firm had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Boot Barn’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, research analysts expect that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current year.

Analyst Ratings Changes

BOOT has been the subject of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and set a $192.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. UBS Group raised their target price on shares of Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Craig Hallum lowered shares of Boot Barn from a “buy” rating to a “hold” rating and raised their target price for the company from $154.00 to $162.00 in a report on Friday, October 25th. Finally, Williams Trading reissued a “buy” rating and issued a $173.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.55.

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.