Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Fmr LLC

FMR LLC decreased its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,501,397 shares of the company's stock after selling 70,212 shares during the quarter. FMR LLC owned about 4.92% of Boot Barn worth $251,154,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd increased its holdings in shares of Boot Barn by 81.5% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 9,446 shares of the company's stock valued at $1,580,000 after purchasing an additional 4,242 shares in the last quarter. Fisher Asset Management LLC grew its position in Boot Barn by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,192 shares of the company's stock worth $701,000 after buying an additional 83 shares during the period. Algert Global LLC increased its holdings in Boot Barn by 653.9% in the third quarter. Algert Global LLC now owns 23,001 shares of the company's stock valued at $3,848,000 after buying an additional 19,950 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Boot Barn by 85.0% during the 3rd quarter. Cerity Partners LLC now owns 2,949 shares of the company's stock valued at $493,000 after acquiring an additional 1,355 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of Boot Barn by 37.1% during the 3rd quarter. Citigroup Inc. now owns 57,870 shares of the company's stock worth $9,680,000 after acquiring an additional 15,673 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BOOT shares. Craig Hallum downgraded Boot Barn from a "buy" rating to a "hold" rating and boosted their target price for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. Piper Sandler reaffirmed an "overweight" rating and issued a $179.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Benchmark reaffirmed a "buy" rating and issued a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. BTIG Research raised 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, Citigroup cut their price target on Boot Barn from $194.00 to $178.00 and set a "buy" rating for the company in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $164.55.

Boot Barn Price Performance

NYSE:BOOT traded up $8.68 during trading hours on Monday, reaching $145.82. 418,513 shares of the company were exchanged, compared to its average volume of 769,225. Boot Barn Holdings, Inc. has a 52-week low of $68.37 and a 52-week high of $169.83. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 27.54 and a beta of 2.16. The stock has a 50 day simple moving average of $149.17 and a 200 day simple moving average of $137.08.

Boot Barn (NYSE:BOOT - Get Free Report) last released 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. The company had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. Boot Barn's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 earnings per share. On average, analysts predict 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.