Boot Barn Holdings Inc (NYSE:BOOT) Holdings Cut by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC decreased its stake in Boot Barn Holdings Inc (NYSE:BOOT) by 15.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 306,132 shares of the company’s stock after selling 55,010 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Boot Barn were worth $10,684,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in BOOT. BlackRock Inc. lifted its position in Boot Barn by 114.1% in the 2nd quarter. BlackRock Inc. now owns 4,132,782 shares of the company’s stock worth $147,293,000 after buying an additional 2,202,171 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Boot Barn by 130.9% during the 2nd quarter. Invesco Ltd. now owns 1,914,562 shares of the company’s stock valued at $68,234,000 after purchasing an additional 1,085,550 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Boot Barn by 21.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,587,530 shares of the company’s stock valued at $92,220,000 after purchasing an additional 452,793 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Boot Barn by 1,460.8% during the 2nd quarter. Renaissance Technologies LLC now owns 454,200 shares of the company’s stock valued at $16,188,000 after purchasing an additional 425,100 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC raised its holdings in shares of Boot Barn by 168.5% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 453,185 shares of the company’s stock valued at $16,152,000 after purchasing an additional 284,388 shares in the last quarter.

NYSE:BOOT opened at $37.74 on Monday. Boot Barn Holdings Inc has a 1 year low of $15.01 and a 1 year high of $39.59. The firm’s fifty day simple moving average is $34.88 and its 200 day simple moving average is $32.04. The company has a current ratio of 1.14, a quick ratio of 0.16 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $1.05 billion, a PE ratio of 30.44, a PEG ratio of 1.48 and a beta of 2.32.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.11. Boot Barn had a net margin of 5.24% and a return on equity of 15.99%. The business had revenue of $185.77 million for the quarter, compared to analyst estimates of $179.98 million. During the same period last year, the business posted $0.15 EPS. Boot Barn’s revenue was up 14.7% compared to the same quarter last year. As a group, analysts anticipate that Boot Barn Holdings Inc will post 1.67 EPS for the current fiscal year.

A number of research firms have recently weighed in on BOOT. Cowen set a $42.00 price target on shares of Boot Barn and gave the company a “buy” rating in a report on Tuesday, October 15th. Stephens began coverage on shares of Boot Barn in a report on Tuesday, October 8th. They set an “overweight” rating and a $46.00 price target on the stock. Craig Hallum began coverage on shares of Boot Barn in a report on Friday, October 4th. They set a “buy” rating and a $46.00 price target on the stock. Susquehanna Bancshares began coverage on shares of Boot Barn in a report on Friday, July 12th. They set a “neutral” rating and a $35.00 price target on the stock. Finally, Robert W. Baird downgraded shares of Boot Barn from an “outperform” rating to a “neutral” rating and set a $36.00 price target on the stock. in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Boot Barn currently has an average rating of “Buy” and a consensus target price of $37.62.

In other Boot Barn news, Director Greg Bettinelli sold 3,906 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $34.84, for a total value of $136,085.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO James Grant Conroy sold 28,569 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $35.00, for a total transaction of $999,915.00. Following the completion of the sale, the chief executive officer now owns 39,647 shares in the company, valued at $1,387,645. The disclosure for this sale can be found here. Insiders sold a total of 60,968 shares of company stock worth $2,072,477 over the last quarter. 1.70% of the stock is currently owned by company insiders.

About Boot Barn

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.

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

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