Crystal Rock Capital Management Trims Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

Crystal Rock Capital Management decreased its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 29.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,350 shares of the company's stock after selling 4,700 shares during the quarter. Boot Barn accounts for approximately 1.1% of Crystal Rock Capital Management's portfolio, making the stock its 23rd largest holding. Crystal Rock Capital Management's holdings in Boot Barn were worth $1,899,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Entropy Technologies LP acquired a new stake in shares of Boot Barn in the third quarter valued at approximately $719,000. Versor Investments LP purchased a new stake in shares of Boot Barn during the 3rd quarter valued at about $1,221,000. Crossmark Global Holdings Inc. increased its holdings in Boot Barn by 3.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company's stock worth $382,000 after purchasing an additional 82 shares during the last quarter. Legacy Capital Wealth Partners LLC bought a new stake in shares of Boot Barn in the 3rd quarter valued at approximately $287,000. Finally, Portside Wealth Group LLC acquired a new position in Boot Barn during the 3rd quarter worth $383,000.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Benchmark reissued a "buy" rating and set a $192.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. BTIG Research increased their target price on Boot Barn from $165.00 to $185.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. Williams Trading reiterated a "buy" rating and issued a $173.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on Boot Barn from $160.00 to $181.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Finally, UBS Group raised their price objective on Boot Barn from $127.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. One investment 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.55.

Boot Barn Price Performance

Boot Barn stock traded down $1.78 during midday trading on Tuesday, reaching $134.63. 1,131,779 shares of the company traded hands, compared to its average volume of 770,950. Boot Barn Holdings, Inc. has a 12 month low of $68.37 and a 12 month high of $169.83. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 27.42 and a beta of 2.16. The business has a 50 day moving average of $153.01 and a two-hundred day moving average of $134.11.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results 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 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 analyst estimates of $424.42 million. During the same quarter last year, the business earned $0.91 EPS. The business's revenue was up 13.7% on a year-over-year basis. As a group, equities analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS 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.