Janus Henderson Group PLC Reduces Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Janus Henderson Group PLC reduced its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 35.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 142,989 shares of the company's stock after selling 79,701 shares during the period. Janus Henderson Group PLC owned 0.47% of Boot Barn worth $23,920,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BOOT. GHP Investment Advisors Inc. purchased a new position in shares of Boot Barn in the 3rd quarter valued at approximately $25,000. GAMMA Investing LLC raised its position in shares of Boot Barn by 111.1% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company's stock valued at $34,000 after purchasing an additional 140 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Boot Barn in the 2nd quarter valued at approximately $64,000. 1620 Investment Advisors Inc. purchased a new position in shares of Boot Barn in the 2nd quarter valued at approximately $84,000. Finally, USA Financial Formulas purchased a new position in shares of Boot Barn in the 3rd quarter valued at approximately $92,000.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BOOT shares. Baird R W raised shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 30th. Piper Sandler reissued an "overweight" rating and set a $179.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. BTIG Research raised their price target on shares of Boot Barn from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. 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. Finally, UBS Group lifted their target price on shares of Boot Barn from $127.00 to $165.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boot Barn currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.55.

Boot Barn Trading Up 4.2 %

NYSE BOOT traded up $6.30 during trading hours on Friday, reaching $154.87. The company had a trading volume of 808,491 shares, compared to its average volume of 719,179. The stock has a 50-day moving average of $147.46 and a 200 day moving average of $138.34. Boot Barn Holdings, Inc. has a 1-year low of $68.37 and a 1-year high of $169.83. The stock has a market capitalization of $4.73 billion, a P/E ratio of 31.10 and a beta of 2.14.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly 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. The business had revenue of $425.80 million for the quarter, compared to analysts' expectations of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The business's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. As a group, sell-side analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

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.