Pacifica Capital Investments LLC Has $640,000 Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Pacifica Capital Investments LLC reduced its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 49.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,964 shares of the company's stock after selling 4,914 shares during the period. Boot Barn comprises about 0.2% of Pacifica Capital Investments LLC's investment portfolio, making the stock its 14th biggest position. Pacifica Capital Investments LLC's holdings in Boot Barn were worth $640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Boot Barn by 111.1% during the second quarter. GAMMA Investing LLC now owns 266 shares of the company's stock valued at $34,000 after acquiring an additional 140 shares during the period. 1620 Investment Advisors Inc. bought a new position in Boot Barn during the 2nd quarter valued at about $84,000. Principal Securities Inc. acquired a new position in Boot Barn in the fourth quarter valued at about $102,000. Quest Partners LLC bought a new stake in Boot Barn during the fourth quarter worth about $112,000. Finally, First Horizon Advisors Inc. grew its stake in Boot Barn by 11.2% during the second quarter. First Horizon Advisors Inc. now owns 931 shares of the company's stock worth $120,000 after buying an additional 94 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BOOT shares. Citigroup lifted their target price on shares of Boot Barn from $122.00 to $154.00 and gave the company a "buy" rating in a research note on Friday, July 19th. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $125.00 to $146.00 and gave the company an "overweight" rating in a research report on Monday, July 22nd. BTIG Research raised their target price on Boot Barn from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, June 5th. Piper Sandler upped their price target on shares of Boot Barn from $144.00 to $147.00 and gave the stock an "overweight" rating in a research report on Thursday, August 8th. Finally, UBS Group increased their price objective on shares of Boot Barn from $125.00 to $127.00 and gave the stock a "neutral" rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.20.

Boot Barn Trading Up 0.5 %

Shares of NYSE:BOOT traded up $0.63 during trading on Friday, hitting $135.53. 388,919 shares of the company's stock were exchanged, compared to its average volume of 776,498. The firm has a market cap of $4.12 billion, a P/E ratio of 28.24 and a beta of 2.09. The firm has a 50-day moving average price of $130.28 and a two-hundred day moving average price of $114.10. Boot Barn Holdings, Inc. has a 1-year low of $66.73 and a 1-year high of $143.57.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.08 by $0.18. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The company had revenue of $423.40 million during the quarter, compared to analysts' expectations of $415.04 million. During the same quarter in the previous year, the company posted $1.11 EPS. The business's revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, research analysts predict that Boot Barn Holdings, Inc. will post 5.2 EPS for the current 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.