Wasatch Advisors LP Has $229.05 Million Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Wasatch Advisors LP lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 28.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,369,244 shares of the company’s stock after selling 533,186 shares during the quarter. Wasatch Advisors LP’s holdings in Boot Barn were worth $229,047,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Edgestream Partners L.P. raised its stake in Boot Barn by 750.6% during the 3rd quarter. Edgestream Partners L.P. now owns 30,938 shares of the company’s stock worth $5,175,000 after buying an additional 27,301 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Boot Barn by 20.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,758 shares of the company’s stock worth $963,000 after buying an additional 984 shares during the period. Blueshift Asset Management LLC bought a new position in Boot Barn during the 3rd quarter worth about $3,343,000. Cynosure Group LLC bought a new position in Boot Barn during the 3rd quarter worth about $376,000. Finally, Dynamic Technology Lab Private Ltd increased its holdings in Boot Barn by 81.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 9,446 shares of the company’s stock worth $1,580,000 after purchasing an additional 4,242 shares in the last quarter.

Boot Barn Stock Up 0.8 %

Shares of Boot Barn stock opened at $137.38 on Friday. The firm has a market cap of $4.19 billion, a PE ratio of 27.59 and a beta of 2.16. Boot Barn Holdings, Inc. has a 12-month low of $68.37 and a 12-month high of $169.83. The company’s fifty day simple moving average is $149.78 and its two-hundred day simple moving average is $136.47.

Boot Barn (NYSE:BOOT) last posted its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $424.42 million. During the same period last year, the company posted $0.91 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Baird R W upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Benchmark restated a “buy” rating and issued a $192.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. BTIG Research raised their price objective on Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price objective on Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Craig Hallum downgraded shares of Boot Barn from a “buy” rating to a “hold” rating and raised their target price for the company from $154.00 to $162.00 in a research note on Friday, October 25th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.