Eagle Asset Management Inc. Sells 22,920 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Eagle Asset Management Inc. decreased its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 16.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 117,444 shares of the company’s stock after selling 22,920 shares during the period. Eagle Asset Management Inc.’s holdings in Boot Barn were worth $19,646,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BOOT. State Board of Administration of Florida Retirement System lifted its holdings in Boot Barn by 5.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 9,001 shares of the company’s stock valued at $856,000 after buying an additional 500 shares during the period. Blair William & Co. IL acquired a new position in Boot Barn in the first quarter valued at $216,000. UniSuper Management Pty Ltd acquired a new position in Boot Barn in the first quarter valued at $695,000. CANADA LIFE ASSURANCE Co lifted its holdings in Boot Barn by 2.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 32,001 shares of the company’s stock valued at $3,045,000 after buying an additional 788 shares during the period. Finally, Capital Research Global Investors acquired a new position in Boot Barn in the first quarter valued at $32,779,000.

Analysts Set New Price Targets

BOOT has been the topic of several recent analyst reports. BTIG Research boosted their target price on shares of Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Robert W. Baird upgraded shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective on the stock in a report on Wednesday, October 30th. Citigroup dropped their price objective on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Piper Sandler reiterated an “overweight” rating and set a $179.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Finally, Craig Hallum lowered shares of Boot Barn from a “buy” rating to a “hold” rating and upped their price objective for the company 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.55.

Boot Barn Stock Performance

Shares of BOOT stock opened at $137.12 on Friday. Boot Barn Holdings, Inc. has a 52-week low of $68.37 and a 52-week high of $169.83. The company has a 50-day simple moving average of $151.42 and a two-hundred day simple moving average of $135.50. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 27.53 and a beta of 2.16.

Boot Barn (NYSE:BOOT) last released its earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating 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 firm had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. During the same period in the prior year, the firm earned $0.91 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal 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.