Boot Barn Holdings, Inc. (NYSE:BOOT) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd reduced its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 80.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,144 shares of the company's stock after selling 8,778 shares during the quarter. Quadrature Capital Ltd's holdings in Boot Barn were worth $358,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BOOT. Marshall Wace LLP purchased a new stake in shares of Boot Barn during the 2nd quarter worth about $19,532,000. F M Investments LLC purchased a new position in Boot Barn during the second quarter worth approximately $14,888,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Boot Barn in the third quarter valued at approximately $5,931,000. Sei Investments Co. increased its position in shares of Boot Barn by 39.3% in the second quarter. Sei Investments Co. now owns 102,933 shares of the company's stock valued at $13,271,000 after buying an additional 29,049 shares in the last quarter. Finally, Edgestream Partners L.P. raised its stake in shares of Boot Barn by 750.6% during the 3rd quarter. Edgestream Partners L.P. now owns 30,938 shares of the company's stock worth $5,175,000 after buying an additional 27,301 shares during the period.

Boot Barn Stock Performance

Shares of NYSE BOOT traded down $0.63 during trading on Tuesday, hitting $147.86. 201,888 shares of the company were exchanged, compared to its average volume of 765,694. Boot Barn Holdings, Inc. has a 12-month low of $68.37 and a 12-month high of $169.83. The company has a fifty day moving average price of $147.08 and a 200-day moving average price of $138.60. The firm has a market capitalization of $4.51 billion, a PE ratio of 29.75 and a beta of 2.14.

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, topping analysts' consensus estimates of $0.93 by $0.02. The company had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. Boot Barn's quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 earnings per share. Research analysts anticipate that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BOOT shares. JPMorgan Chase & Co. boosted their price target on shares of Boot Barn from $160.00 to $181.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. UBS Group lifted their target price 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. Piper Sandler restated an "overweight" rating and set a $179.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Benchmark reiterated a "buy" rating and issued a $192.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Finally, BTIG Research increased their target price on Boot Barn from $165.00 to $185.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.