Russell Investments Group Ltd. Sells 46,969 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Russell Investments Group Ltd. cut its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 40.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,908 shares of the company's stock after selling 46,969 shares during the quarter. Russell Investments Group Ltd. owned 0.23% of Boot Barn worth $10,614,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BOOT. Louisiana State Employees Retirement System grew its position in Boot Barn by 0.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company's stock worth $2,247,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Boot Barn by 1.1% during the fourth quarter. Arizona State Retirement System now owns 8,853 shares of the company's stock valued at $1,344,000 after buying an additional 100 shares in the last quarter. Signaturefd LLC raised its position in Boot Barn by 201.8% during the fourth quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after buying an additional 111 shares during the period. Assetmark Inc. raised its position in Boot Barn by 45.2% during the fourth quarter. Assetmark Inc. now owns 363 shares of the company's stock valued at $55,000 after buying an additional 113 shares during the period. Finally, OLD National Bancorp IN lifted its stake in Boot Barn by 6.2% in the 4th quarter. OLD National Bancorp IN now owns 2,230 shares of the company's stock worth $339,000 after acquiring an additional 130 shares in the last quarter.

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Boot Barn Trading Down 6.2 %

Boot Barn stock traded down $6.11 on Tuesday, reaching $91.74. 1,106,373 shares of the stock were exchanged, compared to its average volume of 805,682. The firm has a fifty day moving average price of $114.01 and a two-hundred day moving average price of $138.05. The stock has a market cap of $2.81 billion, a PE ratio of 16.38, a PEG ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a twelve month low of $88.23 and a twelve month high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BOOT. KeyCorp upgraded Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 target price on the stock in a report on Thursday, January 23rd. StockNews.com downgraded shares of Boot Barn from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Bank of America boosted their price target on shares of Boot Barn from $187.00 to $192.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Robert W. Baird cut their price objective on Boot Barn from $190.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. Finally, UBS Group lowered their target price on Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $175.62.

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.