Geode Capital Management LLC Sells 2,536 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Geode Capital Management LLC lowered its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 673,741 shares of the company's stock after selling 2,536 shares during the period. Geode Capital Management LLC owned 2.20% of Boot Barn worth $102,312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BOOT. Signaturefd LLC raised its stake in shares of Boot Barn by 201.8% in the fourth quarter. Signaturefd LLC now owns 166 shares of the company's stock worth $25,000 after acquiring an additional 111 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company's stock valued at $26,000 after purchasing an additional 143 shares in the last quarter. Assetmark Inc. raised its position in Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after purchasing an additional 113 shares during the last quarter. R Squared Ltd acquired a new position in Boot Barn during the 4th quarter worth $102,000. Finally, Smartleaf Asset Management LLC boosted its position in Boot Barn by 212.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock valued at $115,000 after buying an additional 509 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Craig Hallum set a $178.00 target price on Boot Barn in a research report on Friday, January 31st. Stephens initiated coverage on shares of Boot Barn in a research report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 target price on the stock. Piper Sandler reiterated an "overweight" rating and set a $181.00 price target (up previously from $179.00) on shares of Boot Barn in a research report on Friday, January 31st. Robert W. Baird cut their price objective on shares of Boot Barn from $190.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Finally, UBS Group lowered their target price on shares of Boot Barn from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Boot Barn has an average rating of "Moderate Buy" and an average target price of $175.62.

Remove Ads

Boot Barn Trading Down 3.2 %

Shares of NYSE BOOT traded down $3.11 during mid-day trading on Tuesday, reaching $94.74. 187,185 shares of the company's stock were exchanged, compared to its average volume of 802,158. Boot Barn Holdings, Inc. has a twelve month low of $88.23 and a twelve month high of $176.64. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.17 and a beta of 1.75. The business has a fifty day simple moving average of $114.01 and a 200 day simple moving average of $138.05.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, beating analysts' consensus estimates 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 predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

About Boot Barn

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.