Oppenheimer Asset Management Inc. Has $3.11 Million Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Oppenheimer Asset Management Inc. lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 16.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 18,571 shares of the company’s stock after selling 3,652 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Boot Barn were worth $3,107,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Westwood Holdings Group Inc. grew its position 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 purchasing an additional 124,060 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of Boot Barn during the 1st quarter worth approximately $32,779,000. Janus Henderson Group PLC grew its position in shares of Boot Barn by 1,212.4% during the 1st quarter. Janus Henderson Group PLC now owns 285,174 shares of the company’s stock worth $27,134,000 after purchasing an additional 263,444 shares in the last quarter. Summit Creek Advisors LLC grew its position in shares of Boot Barn by 0.7% during the 1st quarter. Summit Creek Advisors LLC now owns 262,262 shares of the company’s stock worth $24,954,000 after purchasing an additional 1,789 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Boot Barn by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 259,885 shares of the company’s stock worth $33,507,000 after purchasing an additional 9,126 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report 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 research report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and set a $192.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Piper Sandler reiterated an “overweight” rating and set a $179.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.55.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $135.02 on Friday. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 27.11 and a beta of 2.16. The firm has a 50 day simple moving average of $152.89 and a 200 day simple moving average of $134.46. Boot Barn Holdings, Inc. has a one year low of $68.37 and a one year high of $169.83.

Boot Barn (NYSE:BOOT) last issued 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 business had revenue of $425.80 million during the quarter, compared to the consensus estimate 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 was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, analysts expect that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

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.