JPMorgan Chase & Co. reduced its stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 33.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,381 shares of the company's stock after selling 46,924 shares during the quarter. JPMorgan Chase & Co. owned about 0.31% of Boot Barn worth $14,329,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Boot Barn by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company's stock valued at $113,150,000 after buying an additional 6,369 shares during the period. Dale Q Rice Investment Management Ltd purchased a new stake in Boot Barn in the fourth quarter valued at approximately $1,544,000. Stephens Investment Management Group LLC acquired a new position in Boot Barn during the fourth quarter worth approximately $46,699,000. Alberta Investment Management Corp acquired a new position in Boot Barn during the fourth quarter worth approximately $2,842,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Boot Barn by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company's stock worth $54,439,000 after purchasing an additional 5,881 shares during the period.
Boot Barn Trading Down 6.2 %
BOOT stock traded down $6.11 during midday trading on Tuesday, hitting $91.74. 1,106,373 shares of the company's stock were exchanged, compared to its average volume of 805,682. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75. The firm has a 50 day moving average price of $114.01 and a 200-day moving average price of $138.05. Boot Barn Holdings, Inc. has a 12-month low of $88.23 and a 12-month high of $176.64.
Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.43 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have commented on BOOT. KeyCorp upgraded Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price target for the company in a research note on Thursday, January 23rd. Bank of America increased their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Robert W. Baird reduced their target price 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. BTIG Research upped their price target on shares of Boot Barn from $185.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Finally, UBS Group cut their price objective 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $175.62.
View Our Latest Research Report on Boot Barn
Boot Barn Profile
(
Free Report)
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.
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