Phocas Financial Corp. Sells 4,782 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Phocas Financial Corp. lessened its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 5.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,787 shares of the company's stock after selling 4,782 shares during the period. Boot Barn accounts for approximately 0.0% of Phocas Financial Corp.'s portfolio, making the stock its 29th largest holding. Phocas Financial Corp. owned approximately 0.25% of Boot Barn worth $12,845,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BOOT. GHP Investment Advisors Inc. bought a new stake in Boot Barn during the third quarter worth about $25,000. GAMMA Investing LLC lifted 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 acquiring an additional 140 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Boot Barn in the 2nd quarter valued at about $64,000. 1620 Investment Advisors Inc. purchased a new stake in Boot Barn during the 2nd quarter valued at about $84,000. Finally, USA Financial Formulas bought a new position in Boot Barn during the 3rd quarter worth approximately $92,000.

Boot Barn Price Performance

BOOT stock traded down $2.56 on Tuesday, reaching $131.55. 455,347 shares of the company traded hands, compared to its average volume of 770,248. The firm has a fifty day simple moving average of $152.78 and a 200-day simple moving average of $135.09. Boot Barn Holdings, Inc. has a one year low of $68.37 and a one year high of $169.83. The company has a market cap of $4.01 billion, a P/E ratio of 26.14 and a beta of 2.16.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.02. The business had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. Boot Barn's revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. On average, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Citigroup dropped their price objective on Boot Barn from $194.00 to $178.00 and set a "buy" rating for the company in a research note on Tuesday, October 29th. UBS Group increased their price target on shares of Boot Barn from $127.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. Williams Trading restated a "buy" rating and issued a $173.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Baird R W upgraded Boot Barn from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 30th. Finally, Craig Hallum cut Boot Barn from a "buy" rating to a "hold" rating and boosted their target price for the company from $154.00 to $162.00 in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.