Fmr LLC Has $251.15 Million Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Fmr LLC trimmed its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.5% during the third quarter, HoldingsChannel.com reports. The firm owned 1,501,397 shares of the company’s stock after selling 70,212 shares during the period. Fmr LLC’s holdings in Boot Barn were worth $251,154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BOOT. Trust Point Inc. grew its stake in shares of Boot Barn by 0.8% in the third quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock worth $1,524,000 after purchasing an additional 71 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Boot Barn by 3.7% in the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock valued at $382,000 after buying an additional 82 shares during the period. Fisher Asset Management LLC raised its position in shares of Boot Barn by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock worth $701,000 after acquiring an additional 83 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Boot Barn by 11.2% during the second quarter. First Horizon Advisors Inc. now owns 931 shares of the company’s stock worth $120,000 after acquiring an additional 94 shares during the last quarter. Finally, Shaker Investments LLC OH lifted its stake in shares of Boot Barn by 1.6% in the second quarter. Shaker Investments LLC OH now owns 6,452 shares of the company’s stock worth $832,000 after acquiring an additional 102 shares during the period.

Boot Barn Stock Performance

Shares of NYSE:BOOT opened at $137.14 on Monday. Boot Barn Holdings, Inc. has a 52-week low of $68.37 and a 52-week high of $169.83. The business’s 50 day simple moving average is $149.17 and its two-hundred day simple moving average is $136.89. The firm has a market cap of $4.19 billion, a P/E ratio of 27.54 and a beta of 2.16.

Boot Barn (NYSE:BOOT) last issued its 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. The company had revenue of $425.80 million for 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%. Boot Barn’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. On average, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on BOOT shares. Williams Trading restated a “buy” rating and set a $173.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Citigroup lowered their target price on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. UBS Group upped 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. Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective for the company in a research report on Wednesday, October 30th. Finally, BTIG Research upped their target price on Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus target price 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.