Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC reduced its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,554 shares of the company’s stock after selling 990 shares during the quarter. Townsquare Capital LLC’s holdings in Boot Barn were worth $3,773,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd boosted its stake in shares of Boot Barn by 81.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 9,446 shares of the company’s stock valued at $1,580,000 after purchasing an additional 4,242 shares during the period. Fisher Asset Management LLC lifted its holdings in Boot Barn by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock worth $701,000 after buying an additional 83 shares in the last quarter. Algert Global LLC boosted its position in Boot Barn by 653.9% in the 3rd quarter. Algert Global LLC now owns 23,001 shares of the company’s stock valued at $3,848,000 after buying an additional 19,950 shares during the period. Cerity Partners LLC grew its stake in shares of Boot Barn by 85.0% in the third quarter. Cerity Partners LLC now owns 2,949 shares of the company’s stock worth $493,000 after acquiring an additional 1,355 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of Boot Barn by 37.1% during the third quarter. Citigroup Inc. now owns 57,870 shares of the company’s stock worth $9,680,000 after acquiring an additional 15,673 shares during the period.

Boot Barn Stock Performance

BOOT opened at $137.38 on Friday. The stock has a market capitalization of $4.19 billion, a P/E ratio of 27.59 and a beta of 2.16. Boot Barn Holdings, Inc. has a one year low of $68.37 and a one year high of $169.83. The business’s 50-day simple moving average is $149.78 and its 200-day simple moving average is $136.47.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. BTIG Research lifted their target price on Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Williams Trading reissued a “buy” rating and set a $173.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Craig Hallum cut 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. Piper Sandler reiterated an “overweight” rating and set a $179.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Finally, UBS Group raised their price objective 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.