Pathstone Holdings LLC Trims Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Pathstone Holdings LLC decreased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 3.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 21,224 shares of the company’s stock after selling 754 shares during the period. Pathstone Holdings LLC’s holdings in Boot Barn were worth $3,550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Public Sector Pension Investment Board raised its position in shares of Boot Barn by 7.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 66,902 shares of the company’s stock worth $8,626,000 after buying an additional 4,785 shares during the period. Raymond James & Associates lifted its stake in shares of Boot Barn by 1.8% in the 2nd quarter. Raymond James & Associates now owns 49,263 shares of the company’s stock valued at $6,351,000 after purchasing an additional 875 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Boot Barn during the 2nd quarter worth about $554,000. Smith Shellnut Wilson LLC ADV acquired a new stake in Boot Barn during the 2nd quarter worth approximately $255,000. Finally, Calamos Advisors LLC purchased a new position in Boot Barn in the second quarter valued at approximately $1,123,000.

Boot Barn Stock Up 0.6 %

BOOT stock opened at $137.05 on Monday. The stock’s 50 day moving average is $151.42 and its two-hundred day moving average is $135.96. Boot Barn Holdings, Inc. has a 52-week low of $68.37 and a 52-week high of $169.83. The company has a market capitalization of $4.18 billion, a PE ratio of 27.52 and a beta of 2.16.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BOOT. Piper Sandler reissued an “overweight” rating and issued a $179.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target for the company in a report on Wednesday, October 30th. Baird R W upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Citigroup decreased their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Finally, BTIG Research raised 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.55.

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.