Kornitzer Capital Management Inc. KS Sells 11,430 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Kornitzer Capital Management Inc. KS lowered its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 19.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,585 shares of the company's stock after selling 11,430 shares during the period. Kornitzer Capital Management Inc. KS owned 0.15% of Boot Barn worth $7,793,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UniSuper Management Pty Ltd bought a new stake in Boot Barn in the first quarter valued at $695,000. Sei Investments Co. lifted its position in Boot Barn by 52.5% during the first quarter. Sei Investments Co. now owns 73,884 shares of the company's stock valued at $7,030,000 after buying an additional 25,434 shares during the period. Capital Research Global Investors purchased a new position in Boot Barn during the first quarter valued at $32,779,000. Russell Investments Group Ltd. lifted its position in Boot Barn by 12.8% during the first quarter. Russell Investments Group Ltd. now owns 131,658 shares of the company's stock valued at $12,527,000 after buying an additional 14,980 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in Boot Barn by 7.7% during the second quarter. Public Sector Pension Investment Board now owns 66,902 shares of the company's stock valued at $8,626,000 after buying an additional 4,785 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have commented on BOOT. 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 research report on Tuesday, October 29th. Piper Sandler reissued an "overweight" rating and set a $179.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Craig Hallum lowered Boot Barn from a "buy" rating to a "hold" rating and lifted their price target for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. BTIG Research lifted their price target on Boot Barn from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Finally, Williams Trading reaffirmed a "buy" rating and issued a $173.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, three have assigned 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $164.55.

Boot Barn Trading Up 0.5 %

NYSE:BOOT traded up $0.68 during mid-day trading on Friday, reaching $135.14. The company's stock had a trading volume of 718,804 shares, compared to its average volume of 770,722. Boot Barn Holdings, Inc. has a 12-month low of $68.37 and a 12-month high of $169.83. The firm's fifty day moving average price is $152.95 and its two-hundred day moving average price is $133.31. The stock has a market cap of $4.12 billion, a P/E ratio of 27.00 and a beta of 2.16.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. During the same quarter in the previous year, the firm earned $0.91 EPS. Boot Barn's revenue was up 13.7% on a year-over-year basis. Analysts predict that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Boot Barn Company 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.