Aigen Investment Management LP Sells 3,598 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Aigen Investment Management LP lowered its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 22.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 12,358 shares of the company’s stock after selling 3,598 shares during the quarter. Aigen Investment Management LP’s holdings in Boot Barn were worth $2,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BOOT. Westwood Holdings Group Inc. boosted its stake in shares of Boot Barn by 29.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company’s stock worth $51,918,000 after acquiring an additional 124,060 shares during the last quarter. Capital Research Global Investors purchased a new position in shares of Boot Barn during the first quarter valued at about $32,779,000. Janus Henderson Group PLC grew its holdings in Boot Barn by 1,212.4% during the 1st quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock valued at $27,134,000 after buying an additional 263,444 shares in the last quarter. Summit Creek Advisors LLC increased its stake in Boot Barn by 0.7% in the 1st quarter. Summit Creek Advisors LLC now owns 262,262 shares of the company’s stock worth $24,954,000 after buying an additional 1,789 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Boot Barn by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 259,885 shares of the company’s stock worth $33,507,000 after buying an additional 9,126 shares during the period.

Boot Barn Trading Down 0.2 %

Shares of NYSE:BOOT traded down $0.25 during trading on Tuesday, reaching $136.16. The stock had a trading volume of 64,793 shares, compared to its average volume of 768,649. Boot Barn Holdings, Inc. has a one year low of $68.37 and a one year high of $169.83. The company has a market capitalization of $4.16 billion, a P/E ratio of 27.42 and a beta of 2.16. The firm’s 50-day simple moving average is $153.01 and its 200 day simple moving average is $134.11.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. The firm had revenue of $425.80 million during 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%. Boot Barn’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm posted $0.91 EPS. Equities research 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 recently commented on BOOT shares. Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target on the stock in a research note on Wednesday, October 30th. UBS Group increased their target price on shares of Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. BTIG Research increased their target price on shares of Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Benchmark reiterated a “buy” rating and set a $192.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. Finally, Piper Sandler reiterated an “overweight” rating and set a $179.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, 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.