Prudential Financial Inc. Sells 5,214 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

Prudential Financial Inc. reduced its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 14.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,093 shares of the company's stock after selling 5,214 shares during the period. Prudential Financial Inc. owned approximately 0.10% of Boot Barn worth $4,721,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its position in Boot Barn by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company's stock worth $2,247,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System raised its position in Boot Barn by 1.1% during the fourth quarter. Arizona State Retirement System now owns 8,853 shares of the company's stock valued at $1,344,000 after purchasing an additional 100 shares during the period. Signaturefd LLC lifted its stake in shares of Boot Barn by 201.8% in the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after purchasing an additional 111 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after purchasing an additional 113 shares during the period. Finally, OLD National Bancorp IN increased its position in shares of Boot Barn by 6.2% during the 4th quarter. OLD National Bancorp IN now owns 2,230 shares of the company's stock valued at $339,000 after purchasing an additional 130 shares during the last quarter.

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Boot Barn Stock Performance

BOOT traded up $0.07 during trading on Friday, hitting $97.83. 2,364,930 shares of the stock were exchanged, compared to its average volume of 788,736. The firm has a 50 day simple moving average of $124.04 and a 200 day simple moving average of $141.83. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.17 and a beta of 1.75. Boot Barn Holdings, Inc. has a 1 year low of $89.84 and a 1 year high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $2.43 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BOOT. Robert W. Baird lowered their price target on Boot Barn from $190.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Craig Hallum set a $178.00 price target on shares of Boot Barn in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Boot Barn from $200.00 to $209.00 and gave the company an "overweight" rating in a report on Friday, January 31st. KeyCorp raised shares of Boot Barn from a "sector weight" rating to an "overweight" rating and set a $190.00 price objective for the company in a research note on Thursday, January 23rd. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $181.00 target price (up previously from $179.00) on shares of Boot Barn in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $181.92.

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.