TimesSquare Capital Management LLC Has $20.66 Million Holdings in Boot Barn Holdings, Inc. (NYSE:BOOT)

TimesSquare Capital Management LLC decreased its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 123,520 shares of the company's stock after selling 9,880 shares during the period. TimesSquare Capital Management LLC owned approximately 0.40% of Boot Barn worth $20,662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BOOT. Legacy Capital Wealth Partners LLC acquired a new stake in Boot Barn during the third quarter valued at approximately $287,000. Portside Wealth Group LLC acquired a new stake in Boot Barn during the third quarter valued at approximately $383,000. James Investment Research Inc. lifted its stake in Boot Barn by 10.4% during the third quarter. James Investment Research Inc. now owns 12,274 shares of the company's stock valued at $2,053,000 after purchasing an additional 1,153 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in Boot Barn during the third quarter valued at approximately $408,000. Finally, GHP Investment Advisors Inc. acquired a new stake in Boot Barn during the third quarter valued at approximately $25,000.

Analyst Ratings Changes

Several equities research analysts recently commented on BOOT shares. UBS Group upped 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. Robert W. Baird upgraded shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 price objective on the stock in a research note on Wednesday, October 30th. Baird R W upgraded shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. BTIG Research increased their price target on shares of Boot Barn from $165.00 to $185.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Finally, Craig Hallum lowered shares of Boot Barn from a "buy" rating to a "hold" rating and increased their price target for the stock from $154.00 to $162.00 in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $164.55.

Boot Barn Stock Performance

Shares of NYSE:BOOT traded up $1.41 during midday trading on Monday, reaching $136.55. 1,042,959 shares of the company's stock were exchanged, compared to its average volume of 771,970. The company's 50 day simple moving average is $153.01 and its two-hundred day simple moving average is $134.11. The firm has a market capitalization of $4.17 billion, a PE ratio of 27.42 and a beta of 2.16. Boot Barn Holdings, Inc. has a 12 month low of $68.37 and a 12 month high of $169.83.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.95 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 company had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. During the same period last year, the firm earned $0.91 EPS. The firm's revenue for the quarter was up 13.7% compared to the same quarter last year. On average, research analysts anticipate that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current year.

Boot Barn 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.