Segall Bryant & Hamill LLC Reduces Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

Segall Bryant & Hamill LLC decreased its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 28.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,922 shares of the company's stock after selling 32,907 shares during the quarter. Segall Bryant & Hamill LLC owned 0.27% of Boot Barn worth $13,704,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BOOT. Westwood Holdings Group Inc. boosted its position in Boot Barn by 29.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company's stock worth $51,918,000 after acquiring an additional 124,060 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of Boot Barn by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company's stock valued at $82,895,000 after acquiring an additional 1,834 shares during the last quarter. Capital Research Global Investors acquired a new stake in shares of Boot Barn in the first quarter valued at about $32,779,000. Janus Henderson Group PLC increased its position in Boot Barn by 1,212.4% during the first quarter. Janus Henderson Group PLC now owns 285,174 shares of the company's stock worth $27,134,000 after acquiring an additional 263,444 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Boot Barn by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 259,885 shares of the company's stock worth $33,507,000 after purchasing an additional 9,126 shares during the period.

Analysts Set New Price Targets

BOOT has been the topic of several research analyst reports. UBS Group raised their price target on shares of Boot Barn from $127.00 to $165.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. Benchmark restated a "buy" rating and issued a $192.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Robert W. Baird raised shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price target on the stock in a research report on Wednesday, October 30th. Baird R W raised shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Boot Barn from $160.00 to $181.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.55.

Boot Barn Stock Down 0.2 %

NYSE BOOT opened at $132.65 on Thursday. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 26.64 and a beta of 2.16. The stock has a fifty day simple moving average of $152.05 and a 200 day simple moving average of $135.27. 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 released its earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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 company had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. During the same quarter in the previous year, the company earned $0.91 EPS. Boot Barn's quarterly revenue was up 13.7% compared to the same quarter last year. Research analysts expect that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

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.