Captrust Financial Advisors Sells 326 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Captrust Financial Advisors decreased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 16.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,653 shares of the company’s stock after selling 326 shares during the quarter. Captrust Financial Advisors’ holdings in Boot Barn were worth $277,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. GHP Investment Advisors Inc. purchased a new position in shares of Boot Barn in the third quarter valued at about $25,000. Canada Pension Plan Investment Board purchased a new position in Boot Barn in the 2nd quarter worth approximately $64,000. GAMMA Investing LLC boosted its stake in Boot Barn by 100.8% in the 3rd quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after purchasing an additional 268 shares during the period. USA Financial Formulas purchased a new stake in Boot Barn during the 3rd quarter valued at approximately $92,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Boot Barn during the second quarter valued at approximately $84,000.

Boot Barn Trading Down 1.5 %

Shares of BOOT opened at $144.49 on Friday. The company’s fifty day simple moving average is $145.52 and its 200-day simple moving average is $139.35. The company has a market cap of $4.41 billion, a P/E ratio of 29.01 and a beta of 2.14. Boot Barn Holdings, Inc. has a twelve month low of $68.37 and a twelve month high of $169.83.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share 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 analyst estimates of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 EPS. Analysts predict that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BTIG Research upped their target price on shares of Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Piper Sandler restated an “overweight” rating and set a $179.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Baird R W upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. 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. Finally, Craig Hallum cut Boot Barn from a “buy” rating to a “hold” rating and upped their price objective for the stock from $154.00 to $162.00 in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus 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.