Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Pitcairn Co.

Pitcairn Co. trimmed its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 22.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,953 shares of the company's stock after selling 3,688 shares during the quarter. Pitcairn Co.'s holdings in Boot Barn were worth $2,167,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Trust Point Inc. grew its stake in shares of Boot Barn by 0.8% during the third quarter. Trust Point Inc. now owns 9,112 shares of the company's stock worth $1,524,000 after purchasing an additional 71 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Boot Barn by 3.7% during the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company's stock worth $382,000 after purchasing an additional 82 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of 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 purchasing an additional 94 shares in the last quarter. Shaker Investments LLC OH grew its stake in shares of Boot Barn by 1.6% during the second quarter. Shaker Investments LLC OH now owns 6,452 shares of the company's stock worth $832,000 after purchasing an additional 102 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Boot Barn by 9.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,461 shares of the company's stock worth $188,000 after purchasing an additional 126 shares in the last quarter.

Boot Barn Trading Up 0.6 %

Shares of BOOT stock traded up $0.76 during trading hours on Friday, hitting $137.05. The company's stock had a trading volume of 544,315 shares, compared to its average volume of 1,107,943. The business has a fifty day moving average of $151.42 and a 200-day moving average of $135.73. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 27.52 and a beta of 2.16. Boot Barn Holdings, Inc. has a twelve month low of $68.37 and a twelve month high of $169.83.

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, topping analysts' consensus estimates of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The firm had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. During the same quarter last year, the business earned $0.91 earnings per share. Boot Barn's revenue was up 13.7% compared to the same quarter last year. On average, equities analysts expect that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup lowered their target price on shares of Boot Barn from $194.00 to $178.00 and set a "buy" rating for the company in a research note on Tuesday, October 29th. Benchmark reissued a "buy" rating and issued a $192.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. UBS Group boosted 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. BTIG Research boosted their price target on shares of Boot Barn from $165.00 to $185.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Finally, Piper Sandler reissued an "overweight" rating and issued a $179.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.