Amalgamated Bank Lowers Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Amalgamated Bank lessened its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 3.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,927 shares of the company’s stock after selling 356 shares during the quarter. Amalgamated Bank’s holdings in Boot Barn were worth $1,493,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BOOT. GHP Investment Advisors Inc. purchased a new position in shares of Boot Barn in the third quarter valued at approximately $25,000. GAMMA Investing LLC lifted its position in shares of Boot Barn by 111.1% in the second 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 purchased a new position in shares of Boot Barn in the second quarter valued at approximately $64,000. 1620 Investment Advisors Inc. purchased a new position in shares of Boot Barn in the second quarter valued at approximately $84,000. Finally, USA Financial Formulas purchased a new position in shares of Boot Barn in the third quarter valued at approximately $92,000.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup decreased their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Craig Hallum cut Boot Barn from a “buy” rating to a “hold” rating and increased their price target for the company from $154.00 to $162.00 in a report on Friday, October 25th. Williams Trading reaffirmed a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, BTIG Research increased their price target on Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.55.

Boot Barn Stock Down 1.3 %

BOOT stock opened at $134.65 on Wednesday. Boot Barn Holdings, Inc. has a 52-week low of $68.37 and a 52-week high of $169.83. The business has a fifty day moving average of $153.00 and a two-hundred day moving average of $134.30. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 27.04 and a beta of 2.16.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. During the same period last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

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.