Eagle Asset Management Inc. Sells 22,920 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Eagle Asset Management Inc. lessened its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 16.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 117,444 shares of the company's stock after selling 22,920 shares during the period. Eagle Asset Management Inc. owned 0.38% of Boot Barn worth $19,646,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Trust Point Inc. boosted its holdings in Boot Barn by 0.8% in the third quarter. Trust Point Inc. now owns 9,112 shares of the company's stock valued at $1,524,000 after acquiring an additional 71 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Boot Barn by 3.7% in the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company's stock valued at $382,000 after buying an additional 82 shares during the period. First Horizon Advisors Inc. boosted its stake in Boot Barn by 11.2% in the second quarter. First Horizon Advisors Inc. now owns 931 shares of the company's stock valued at $120,000 after acquiring an additional 94 shares during the last quarter. Shaker Investments LLC OH raised its position in shares of Boot Barn by 1.6% during the 2nd quarter. Shaker Investments LLC OH now owns 6,452 shares of the company's stock valued at $832,000 after acquiring an additional 102 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Boot Barn by 9.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company's stock valued at $188,000 after purchasing an additional 126 shares during the period.

Wall Street Analysts Forecast Growth

BOOT has been the topic of a number of analyst reports. Craig Hallum downgraded shares of Boot Barn from a "buy" rating to a "hold" rating and increased their price target for the company from $154.00 to $162.00 in a research report on Friday, October 25th. Baird R W raised Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. BTIG Research lifted 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. Benchmark restated a "buy" rating and issued a $192.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Finally, Piper Sandler reiterated an "overweight" rating and set a $179.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. One equities 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 issued 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.

Boot Barn Stock Up 0.6 %

Shares of BOOT traded up $0.76 during trading hours on Friday, hitting $137.05. The company had a trading volume of 544,315 shares, compared to its average volume of 1,107,943. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 27.52 and a beta of 2.16. The business has a fifty day moving average of $151.42 and a 200-day moving average of $135.73. Boot Barn Holdings, Inc. has a 12 month low of $68.37 and a 12 month high of $169.83.

Boot Barn (NYSE:BOOT - Get Free Report) last announced 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. The company had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The firm's quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. On average, equities analysts expect that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal 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.