Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 11.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,592 shares of the company's stock after selling 3,598 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.09% of Boot Barn worth $4,783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in BOOT. GHP Investment Advisors Inc. bought a new position in shares of Boot Barn during the 3rd quarter worth $25,000. GAMMA Investing LLC grew its position in shares of Boot Barn by 111.1% during the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company's stock worth $34,000 after buying an additional 140 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Boot Barn during the 2nd quarter worth $64,000. 1620 Investment Advisors Inc. bought a new stake in Boot Barn during the second quarter valued at about $84,000. Finally, USA Financial Formulas bought a new stake in Boot Barn during the third quarter valued at about $92,000.

Wall Street Analysts Forecast Growth

BOOT has been the topic of a number of recent research reports. Robert W. Baird raised Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price objective on the stock in a research report on Wednesday, October 30th. Craig Hallum downgraded Boot Barn from a "buy" rating to a "hold" rating and raised their price objective for the company from $154.00 to $162.00 in a research report on Friday, October 25th. Benchmark reaffirmed a "buy" rating and set a $192.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Baird R W raised Boot Barn from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 30th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $179.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Boot Barn presently has an average rating of "Moderate Buy" and a consensus price target of $164.55.

Boot Barn Stock Down 0.3 %

Shares of NYSE:BOOT traded down $0.45 during trading on Wednesday, hitting $147.08. The stock had a trading volume of 198,792 shares, compared to its average volume of 767,625. Boot Barn Holdings, Inc. has a 12-month low of $68.37 and a 12-month high of $169.83. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 29.62 and a beta of 2.14. The stock has a 50-day simple moving average of $148.43 and a two-hundred day simple moving average of $137.56.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. 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 business posted $0.91 earnings per share. The company's revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current 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.