abrdn plc Sells 57,308 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

abrdn plc lessened its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 27.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,675 shares of the company's stock after selling 57,308 shares during the period. abrdn plc owned approximately 0.49% of Boot Barn worth $25,038,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BOOT. GHP Investment Advisors Inc. acquired a new stake in Boot Barn in the 3rd quarter worth about $25,000. GAMMA Investing LLC raised its position in shares of Boot Barn by 111.1% in the second quarter. GAMMA Investing LLC now owns 266 shares of the company's stock valued at $34,000 after buying an additional 140 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Boot Barn in the second quarter valued at approximately $64,000. USA Financial Formulas acquired a new stake in Boot Barn during the third quarter worth approximately $92,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Boot Barn during the second quarter worth approximately $84,000.

Boot Barn Stock Performance

Shares of BOOT stock traded up $0.92 during trading hours on Friday, hitting $125.47. 972,446 shares of the company were exchanged, compared to its average volume of 765,813. The company has a 50 day simple moving average of $153.67 and a two-hundred day simple moving average of $132.48. The firm has a market cap of $3.83 billion, a P/E ratio of 25.19 and a beta of 2.12. Boot Barn Holdings, Inc. has a fifty-two week low of $67.53 and a fifty-two week high of $169.83.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BOOT shares. Williams Trading reissued a "buy" rating and issued a $173.00 target price on shares of Boot Barn in a report on Tuesday. Craig Hallum lowered shares of Boot Barn from a "buy" rating to a "hold" rating and lifted their price target for the company from $154.00 to $162.00 in a report on Friday, October 25th. BTIG Research raised their target price on shares of Boot Barn from $165.00 to $185.00 and gave the company a "buy" rating in a research report on Tuesday. Baird R W upgraded shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Finally, UBS Group raised their price objective on Boot Barn from $127.00 to $165.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.55.

About Boot Barn

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.