UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Position in Boot Barn Holdings, Inc. (NYSE:BOOT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,486 shares of the company's stock after selling 5,525 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.19% of Boot Barn worth $9,449,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Boot Barn by 20.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,758 shares of the company's stock valued at $963,000 after purchasing an additional 984 shares during the period. Blueshift Asset Management LLC bought a new stake in shares of Boot Barn during the 3rd quarter valued at $3,343,000. Cynosure Group LLC bought a new stake in shares of Boot Barn during the 3rd quarter valued at $376,000. Dynamic Technology Lab Private Ltd raised its position in shares of Boot Barn by 81.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 9,446 shares of the company's stock valued at $1,580,000 after purchasing an additional 4,242 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Boot Barn by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company's stock valued at $701,000 after purchasing an additional 83 shares during the period.

Boot Barn Price Performance

Shares of NYSE:BOOT traded down $6.38 during trading hours on Monday, hitting $148.49. The company's stock had a trading volume of 634,461 shares, compared to its average volume of 768,112. Boot Barn Holdings, Inc. has a 52 week low of $68.37 and a 52 week high of $169.83. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 29.82 and a beta of 2.14. The firm's fifty day moving average price is $147.08 and its 200 day moving average price is $138.60.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The business had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. During the same quarter in the previous year, the business posted $0.91 EPS. The company's quarterly revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

BOOT has been the topic of several recent analyst reports. Craig Hallum downgraded shares of Boot Barn from a "buy" rating to a "hold" rating and raised their price objective for the company from $154.00 to $162.00 in a research report on Friday, October 25th. Piper Sandler reaffirmed an "overweight" rating and set a $179.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. UBS Group lifted their price objective on shares of Boot Barn from $127.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Baird R W raised shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. Finally, Citigroup dropped their price objective on shares of Boot Barn from $194.00 to $178.00 and set a "buy" rating for the company in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.55.

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.