Ranger Investment Management L.P. Decreases Stock Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Ranger Investment Management L.P. cut its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 35.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,825 shares of the company's stock after selling 107,136 shares during the quarter. Boot Barn makes up 1.9% of Ranger Investment Management L.P.'s investment portfolio, making the stock its 20th largest holding. Ranger Investment Management L.P. owned 0.64% of Boot Barn worth $29,882,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its holdings in Boot Barn by 47.3% during the fourth quarter. FMR LLC now owns 2,211,300 shares of the company's stock valued at $335,720,000 after purchasing an additional 709,903 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Boot Barn by 48.6% during the 4th quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company's stock valued at $328,091,000 after buying an additional 706,518 shares in the last quarter. Stephens Investment Management Group LLC bought a new position in Boot Barn in the 4th quarter worth approximately $46,699,000. Proficio Capital Partners LLC purchased a new position in Boot Barn in the 4th quarter valued at approximately $45,177,000. Finally, Raymond James Financial Inc. bought a new stake in Boot Barn during the 4th quarter valued at $42,440,000.

Analysts Set New Price Targets

BOOT has been the subject of a number of analyst reports. Robert W. Baird cut their price objective on shares of Boot Barn from $190.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Bank of America lifted their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Stephens began coverage on Boot Barn in a research report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 price target on the stock. BTIG Research increased their price objective on Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. upped their target price on Boot Barn from $200.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.62.

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Boot Barn Stock Down 2.6 %

Shares of BOOT stock traded down $2.51 on Monday, hitting $95.21. The company had a trading volume of 358,564 shares, compared to its average volume of 801,584. Boot Barn Holdings, Inc. has a twelve month low of $88.23 and a twelve month high of $176.64. The company has a 50-day moving average price of $114.94 and a 200-day moving average price of $138.52. The firm has a market cap of $2.91 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 1.17 and a beta of 1.75.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.05 by $0.38. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. Equities research analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

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.