Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. cut its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 479,036 shares of the company's stock after selling 20,386 shares during the period. Congress Asset Management Co. owned about 1.58% of Boot Barn worth $80,133,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BOOT. GHP Investment Advisors Inc. bought a new stake in Boot Barn during the 3rd quarter valued at $25,000. GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 140 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Boot Barn during the second quarter valued at about $64,000. USA Financial Formulas purchased a new stake in Boot Barn during the third quarter valued at about $92,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Boot Barn during the second quarter valued at about $84,000.

Boot Barn Trading Down 2.1 %

BOOT traded down $2.65 on Thursday, hitting $124.54. 894,794 shares of the company were exchanged, compared to its average volume of 764,785. Boot Barn Holdings, Inc. has a twelve month low of $66.73 and a twelve month high of $169.83. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 25.95 and a beta of 2.12. The firm has a 50-day moving average price of $154.30 and a two-hundred day moving average price of $132.35.

Boot Barn (NYSE:BOOT - Get Free Report) last announced 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. The firm had revenue of $425.80 million during the quarter, compared to analysts' expectations of $424.42 million. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The business's revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. Equities analysts expect that Boot Barn Holdings, Inc. will post 5.29 EPS for the current year.

Wall Street Analysts Forecast Growth

BOOT has been the topic of several research analyst reports. UBS Group upped their price objective on shares of Boot Barn from $127.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. Baird R W upgraded Boot Barn from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Robert W. Baird upgraded Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price target for the company in a report on Wednesday. Williams Trading reiterated a "buy" rating and issued a $173.00 price objective on shares of Boot Barn in a report on Tuesday. Finally, Craig Hallum cut Boot Barn from a "buy" rating to a "hold" rating and lifted their price objective for the company from $154.00 to $162.00 in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.55.

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.