Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. cut its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 11.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,753 shares of the company’s stock after selling 5,809 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned 0.15% of Boot Barn worth $7,653,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BOOT. Trust Point Inc. increased its holdings in Boot Barn by 0.8% in the third 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 during the last quarter. First Horizon Advisors Inc. grew its stake in shares of 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 during the period. Shaker Investments LLC OH raised its holdings in Boot Barn by 1.6% in the second 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 during the period. Nisa Investment Advisors LLC lifted its position in Boot Barn by 9.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company’s stock worth $188,000 after acquiring an additional 126 shares in the last quarter. Finally, Tilia Fiduciary Partners Inc. grew its stake in Boot Barn by 1.4% in the second quarter. Tilia Fiduciary Partners Inc. now owns 10,209 shares of the company’s stock worth $1,316,000 after purchasing an additional 136 shares in the last quarter.

Boot Barn Trading Up 1.0 %

Shares of BOOT stock traded up $1.61 on Monday, reaching $167.17. 263,140 shares of the company’s stock were exchanged, compared to its average volume of 740,966. Boot Barn Holdings, Inc. has a 52 week low of $66.73 and a 52 week high of $169.83. The stock has a market capitalization of $5.08 billion, a PE ratio of 34.83 and a beta of 2.12. The company’s fifty day simple moving average is $151.63 and its 200 day simple moving average is $129.56.

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

Analyst Ratings Changes

BOOT has been the topic of a number of research analyst reports. Piper Sandler lifted their target price on Boot Barn from $147.00 to $179.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Citigroup raised their price target on shares of Boot Barn from $122.00 to $154.00 and gave the company a “buy” rating in a report on Friday, July 19th. Robert W. Baird boosted their price target on shares of Boot Barn from $140.00 to $167.00 and gave the company a “neutral” rating in a report on Tuesday, October 1st. Finally, UBS Group upped their price target 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 equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.00.

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.