Larson Financial Group LLC Sells 482 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Larson Financial Group LLC trimmed its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOTFree Report) by 21.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,721 shares of the company’s stock after selling 482 shares during the period. Larson Financial Group LLC’s holdings in Boot Barn were worth $288,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new stake in shares of Boot Barn during the 3rd quarter valued at about $25,000. GAMMA Investing LLC boosted its position in shares of Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock valued at $34,000 after acquiring an additional 140 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Boot Barn in the second quarter valued at about $64,000. 1620 Investment Advisors Inc. acquired a new position in Boot Barn in the second quarter valued at about $84,000. Finally, USA Financial Formulas acquired a new position in Boot Barn in the third quarter valued at about $92,000.

Boot Barn Price Performance

BOOT opened at $136.23 on Thursday. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 27.36 and a beta of 2.16. The firm has a 50 day simple moving average of $150.87 and a 200 day simple moving average of $136.47. Boot Barn Holdings, Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $169.83.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on BOOT. UBS Group boosted their price target on shares of Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Benchmark restated a “buy” rating and issued a $192.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Robert W. Baird upgraded shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target on the stock in a research report on Wednesday, October 30th. Finally, Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $164.55.

View Our Latest Report on BOOT

About Boot Barn

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Boot Barn (NYSE:BOOT)

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