F M Investments LLC Lowers Stock Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

F M Investments LLC cut its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 54.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,751 shares of the company's stock after selling 53,859 shares during the period. F M Investments LLC owned approximately 0.15% of Boot Barn worth $6,794,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BOOT. CenterBook Partners LP increased its holdings in shares of Boot Barn by 835.4% during the 4th quarter. CenterBook Partners LP now owns 43,223 shares of the company's stock valued at $6,562,000 after purchasing an additional 38,602 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Boot Barn in the fourth quarter valued at $42,440,000. Greenland Capital Management LP purchased a new position in Boot Barn in the fourth quarter valued at $1,647,000. Invesco Ltd. boosted its stake in shares of Boot Barn by 35.3% during the 4th quarter. Invesco Ltd. now owns 723,743 shares of the company's stock worth $109,879,000 after acquiring an additional 188,688 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Boot Barn by 1.4% during the 4th quarter. Bank of Montreal Can now owns 5,936 shares of the company's stock worth $901,000 after acquiring an additional 82 shares in the last quarter.

Boot Barn Trading Down 4.1 %

NYSE BOOT traded down $3.98 on Tuesday, reaching $93.87. 369,521 shares of the company were exchanged, compared to its average volume of 802,823. Boot Barn Holdings, Inc. has a fifty-two week low of $88.23 and a fifty-two week high of $176.64. The stock has a market capitalization of $2.87 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75. The business's fifty day moving average price is $114.01 and its 200 day moving average price is $138.05.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group lowered their price target on Boot Barn from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. BTIG Research increased their target price on Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Stephens started coverage on shares of Boot Barn in a report on Wednesday, April 9th. They issued an "overweight" rating and a $100.00 price target for the company. StockNews.com downgraded shares of Boot Barn from a "hold" rating to a "sell" rating in a report on Monday, February 17th. Finally, Craig Hallum set a $178.00 target price on shares of Boot Barn in a research note on Friday, January 31st. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Boot Barn currently has a consensus rating of "Moderate Buy" and an average target price of $175.62.

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.