Bank of New York Mellon Corp Sells 19,093 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Bank of New York Mellon Corp reduced its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 212,842 shares of the company’s stock after selling 19,093 shares during the quarter. Bank of New York Mellon Corp owned about 0.70% of Boot Barn worth $32,314,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp boosted its position in shares of Boot Barn by 4.4% during the third quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after buying an additional 51,356 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Boot Barn by 1.0% in the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock valued at $113,150,000 after buying an additional 6,369 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Boot Barn by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock valued at $82,895,000 after buying an additional 1,834 shares during the period. Franklin Resources Inc. raised its stake in shares of Boot Barn by 1.0% in the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock valued at $68,004,000 after buying an additional 4,226 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Boot Barn by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company’s stock valued at $58,999,000 after purchasing an additional 6,335 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Craig Hallum set a $178.00 price objective on Boot Barn in a report on Friday, January 31st. StockNews.com lowered Boot Barn from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. BTIG Research increased their target price on Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Thursday, January 23rd. Finally, Robert W. Baird cut their price target on Boot Barn from $190.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $181.92.

Boot Barn Trading Down 6.9 %

Shares of BOOT stock opened at $108.61 on Friday. Boot Barn Holdings, Inc. has a 12-month low of $82.67 and a 12-month high of $176.64. The stock’s 50-day moving average price is $145.09 and its 200-day moving average price is $147.02. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07.

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

Insider Activity

In related news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the transaction, the chief executive officer now owns 3,937 shares of the company’s stock, valued at $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

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.