OneDigital Investment Advisors LLC Trims Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

OneDigital Investment Advisors LLC lowered its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 20.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,301 shares of the company’s stock after selling 344 shares during the period. OneDigital Investment Advisors LLC’s holdings in Boot Barn were worth $218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. purchased a new position in Boot Barn during the third quarter valued at $25,000. GAMMA Investing LLC raised its position in shares of Boot Barn by 111.1% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock worth $34,000 after purchasing an additional 140 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Boot Barn in the 2nd quarter worth about $64,000. 1620 Investment Advisors Inc. purchased a new stake in Boot Barn during the 2nd quarter valued at about $84,000. Finally, USA Financial Formulas bought a new stake in Boot Barn during the 3rd quarter valued at about $92,000.

Boot Barn Price Performance

Shares of NYSE BOOT opened at $137.12 on Friday. The stock has a market cap of $4.19 billion, a PE ratio of 27.53 and a beta of 2.16. Boot Barn Holdings, Inc. has a 1 year low of $68.37 and a 1 year high of $169.83. The firm has a fifty day moving average price of $151.42 and a 200-day moving average price of $135.50.

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 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 quarter in the prior year, the business posted $0.91 EPS. Boot Barn’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, research analysts expect that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Analysts Set New Price Targets

BOOT has been the topic of several analyst reports. Citigroup dropped their target price on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Williams Trading reiterated a “buy” rating and set a $173.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. BTIG Research boosted their price target on Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. increased their price objective on Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Benchmark reaffirmed a “buy” rating and set a $192.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. One 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.