Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 466,225 shares of the company's stock after selling 12,044 shares during the period. Loomis Sayles & Co. L P owned about 1.53% of Boot Barn worth $77,990,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BOOT. GHP Investment Advisors Inc. purchased a new position in shares of Boot Barn during the third quarter worth about $25,000. GAMMA Investing LLC grew its stake 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 acquired a new position in shares of Boot Barn in the second quarter valued at approximately $64,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Boot Barn during the second quarter worth approximately $84,000. Finally, USA Financial Formulas acquired a new stake in shares of Boot Barn during the third quarter worth $92,000.

Boot Barn Price Performance

BOOT traded up $8.40 during midday trading on Monday, reaching $145.45. 1,206,495 shares of the company's stock were exchanged, compared to its average volume of 771,489. 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 $4.44 billion, a PE ratio of 27.52 and a beta of 2.16. The business's 50-day moving average price is $151.42 and its 200 day moving average price is $135.96.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The firm had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. During the same quarter in the prior year, the company earned $0.91 EPS. Boot Barn's revenue was up 13.7% on a year-over-year basis. As a group, analysts expect that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on BOOT shares. Williams Trading restated a "buy" rating and set a $173.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Robert W. Baird upgraded shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price objective for the company in a research report on Wednesday, October 30th. Benchmark reiterated a "buy" rating and set a $192.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. UBS Group raised their price target on Boot Barn from $127.00 to $165.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. Finally, Citigroup dropped their price objective on Boot Barn from $194.00 to $178.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $164.55.

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.